Investment Roundtable for Accredited Investors: 22 Drydock Life Science Development in Boston

August 2, 2024

We learned about 22 Drydock, an exciting life science development led by women, and the unique way that investment funds are being raised. The Project Sponsor has committed to raising ~10% of equity from Minority and Women Business Enterprises and accredited minority and women investors. BREIF (Boston Real Estate Inclusion Fund) will invest its portion of the required equity alongside a fund managed by an affiliate of Basis Investment Group (BIG) led by Tammy Jones.

Related Beal, led by Kimberly Sherman Stamler, is the developer of 22 Drydock, which is the third installment of their successful innovation campus located in the heart of Boston’s Seaport District. The 7-story life science development includes 344,000 square feet of life science space that has been leased by Vertex, one of Boston's life science innovators. The $400M+ development also includes ground floor retail and dedicated lab space for the Gloucester Marine Genomics Institute, a non-profit offering career education program for entry-level lab technicians. The Project is situated on a 1.8-acre parcel leased from the Economic Development and Industrial Corporation of Boston for a term of 99 years.