It can be a slog to find the right spot for a taproom, so it’s nice that King Street Properties has done all the preliminaries. The Boston-based private real estate investment management firm recently announced it was seeking a business (preferably a brewery) to run a taproom at its newest Pathway development — a 45-acre multi-tenant campus in Devens, Massachusetts. This spot comes with a built-in audience from the future of living and working.
Pathway Devens is a 700,000+-sq-ft “biomanufacturing campus.” Pathway is King Street Properties’ customizable real estate platform designed to give biotech companies “the space they need to manufacture their drugs in-house,” according to its website. The advanced manufacturing campus located in Devens is about an hour northwest of Boston. It’s a five-building development that is currently under construction, looking to open in early 2024, and King Street sees a diverse mix of modern manufacturing tenants “ranging from cleantech to advanced manufacturing to biotech companies will start to occupy the Pathway Devens campus in early 2024,” according to this taproom prospectus.
Pathway Devens is in phase 2 of development, which includes an 8,300-sq-ft amenity center and taproom, and beer being a high priority on everyone’s list, King Street has committed to having that taproom occupied by Q1 of 2024. From the press release:
“This taproom will add a much-needed destination where those who work and live in Devens and the surrounding area can gather, dine, and spend time,” said MassDevelopment President and CEO Dan Rivera. “MassDevelopment [which is a real estate financier] has worked to redevelop Devens into a thriving mixed-use community that is now home to more than 950 residents, 100 businesses and organizations, ample open space, and a range of recreational activities. Bringing a brewery to Devens will complement this community feel and further our efforts to create jobs and vibrancy here — we applaud King Street Properties for making this a part of its Pathway campus.”
This campus sits within the larger Devens community that employs over 10,000 people on a daily basis, making it an ideal location for a brewery to expand its footprint northwest of Boston. Devens boasts a thriving mix of commercial, residential, and recreational areas including parks, trails and golf courses and a portion of Devens is also still home to an active military reserve base. The amenity center that houses the taproom will also be pretty sweet, including a fitness center, lounge area, game room, café and that taproom, serving the campus workforce and the surrounding community with a very important food and beer program.
“We have a track record of incorporating successful F&B experiences into campuses for both tenants and the surrounding community,” said Tyson Reynoso, Managing Director & Partner, King Street Properties. “This is an amazing opportunity for a strong brewery partner given that the area is currently underserved by breweries and because there are 28,000 people within a five-mile radius on any given day.”