The Globe reports that Eli Lilly, an Indianapolis-based drug company, will establish a $700-million genetic-medicine hub in a 12-story building now under construction on Necco Street - on what was originally supposed to be part of the GE campus. Lilly already has a relatively small outpost in Kendall Square.
Architect's rendering. See it larger.
GE and the Massachusetts Development Finance Authority today filed their formal plans for the company's new headquarters on Fort Point Channel that will include extensive renovations to two old candy buildings and construction of a new 12-story glass building.
In a filing with the BRA, GE says it hopes to begin roughly 15 months of renovation and construction this spring. In addition to the BRA, the state Department of Environmental Protection will also have to approve the project due to its location on former tidelands along Fort Point Channel. Read more.
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