New Details Revealed For $4.5B Cambridge Development BostonMixed-UseJuly 24, 2025 | 6:29 p.m. ET Taylor Driscoll, Boston 
Massachusetts Environmental Policy Act OfficeA rendering of Healthpeak Properties' 4.6M SF mixed-use development in West Cambridge
BIZNOW:
The developers of a massive mixed-use campus next to the Alewife station in West Cambridge have unveiled more details about the impending project.
Healthpeak Properties filed plans with the state's environmental impact office for its Cambridge Point project, calling for 4.6M SF of mixed-use development, including more than 2,000 housing units, public gathering space and commercial development.
DENVER--(BUSINESS WIRE)-- Healthpeak Properties, Inc. (NYSE: DOC), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, and Hines, a global real estate investment manager, announced today a long-term partnership to develop the residential components of Healthpeak’s Cambridge Point master-planned district in the Alewife neighborhood of Cambridge, Massachusetts.
Hines will lead the residential development in coordination with Healthpeak as master developer. Hines, with its partners, will capitalize the residential developments and intends to commence construction on the first residential building within the first 12 months following receipt of entitlements, which is anticipated in the second half of 2026.
Situated adjacent to the MBTA Rapid Transit Rail Station in the Alewife neighborhood, Cambridge Point is a 40-acre master plan that has total development potential of up to five million square feet. The project is anticipated to include multifamily residential units, research and lab space, and community-oriented ground-floor neighborhood retail uses. The pedestrian-oriented district will be defined by a highly walkable retail corridor, an extensive green open space network connecting Fresh Pond and Alewife Brook Reservation, and publicly beneficial infrastructure, including a pedestrian bridge to connect the community directly to the MBTA red line with a short ride to Kendall Square and South Station.
https://ir.healthpeak.com/news/news-details/2025/Healthpeak-and-Hines-A…