Cathartes Investments Celebrates Groundbreaking at Boston's Newest State-of-the-Art Address for Telecom Tenants; Construction Begins at 150 - 200 Inner Belt Road, Somerville.Business/Technology Editors BOSTON--(BUSINESS WIRE)--June 27, 2000 Cathartes Investments, a Boston-based real estate developer, and its financial partner, AEW AEW Airborne Early Warning AEW Air Expeditionary Wing AEW Airborne Electronic Warfare AEW Agr' Eau' Wat (Canadian agricultural consultant) AEW Amckerns Explosion Wars (Half Life community) Capital Management, broke ground today at 150 - 200 Inner Belt Road in Somerville to mark the construction of two new state-of-the-art office buildings. Totaling 385,000 square feet of space, this project is a speculative development designed to meet the needs of tenants with intensive telecommunications requirements - a first for the Boston area. Somerville's Mayor Dorothy Kelly Gay, members of the Somerville Chamber of Commerce, community leaders and the Cathartes/AEW Capital Management team were joined by representatives from Greater Boston's telecom industry to celebrate this groundbreaking. Mayor Kelly Gay stated, "It has been a top priority of my administration to encourage commercial development and I am especially pleased that Somerville is now being regarded as the new telecommunications hub. We hope this will be the first of many projects in this region." Somerville Chamber of Commerce President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Stephen Mackey added, "With the innovative investment of Cathartes and the fast approvals of Mayor Dorothy Kelly Gay's administration, Somerville is starting to win Greater Boston's telecommunications race." The 150 - 200 Inner Belt Road development is part of InnerNetCenter, a unique facility quickly becoming the new telecommunications hub for the Boston area. This new address will feature the highest quality fiber optic access, security, power, heating and cooling - all items at the top of telecom businesses' lists for consistent, reliable operating conditions. David Spinney spin·ney n. pl. spin·neys Chiefly British A small grove; a copse. [Obsolete French espinoi, from Old French espinei, thorny place, from Vulgar Latin of Cathartes Investments said, "With eleven different fiber optic cable Noun 1. fiber optic cable - a cable made of optical fibers that can transmit large amounts of information at the speed of light fibre optic cable transmission line, cable, line - a conductor for transmitting electrical or optical signals or electric power providers serving this address, we are creating an ideal environment for telecom tenants. Our new state-of-the-art facility at InnerNetCenter will not only draw Greater Boston's top telecom companies to the City of Somerville, but it will also spark local business growth and generate jobs." Cathartes Investments and AEW Capital Management have selected Spagnolo Gisness & Associates to design the buildings. Suffolk Construction is the construction advisor and the leasing agent is CB Richard Ellis/Whittier Partners. Space will be available in the first building beginning in January 2001. The property is conveniently located less than two miles from downtown Boston in Somerville within close proximity to Interstate in·ter·state adj. Involving, existing between, or connecting two or more states. n. One of a system of highways extending between the major cities of the 48 contiguous United States. Noun 1. 93, Storrow Drive Storrow Drive is a major cross town expressway in Boston, Massachusetts, running south and west from Leverett Circle along the Charles River.[1] It is a parkway—in other words, it is restricted to cars; trucks and buses are not permitted on it. , Cambridge and the MBTA MBTA Massachusetts Bay Transportation Authority MBTA Migratory Bird Treaty Act of 1918 MBTA Model-Based Tracking Algorithm . Cathartes Investments is a private Boston-based real estate development and investment company specializing in the acquisition, development and management of commercial, industrial and multi-family residential Multi-family residential is a classification of housing where multiple separate housing units are contained within one building. The most common form is an apartment building. Many intentional communities incorporate multi-family residences, such as in cohousing projects. properties. To view the company's portfolio, visit their web site at www.cathartes.com. |
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