Quincy to Transform Presidents Place into Life Science Hub

Quincy, October 18, 2025

News Summary

Related Beal has announced a $30 million investment to convert part of Presidents Place into a life science hub, starting with Abveris relocating its headquarters and labs. This initiative expands the Red Line corridor for life sciences further south, targeting flexible lab footprints and aiming to attract more firms to Quincy. The revitalization aims to provide substantial economic growth in the area, presenting new opportunities in the local biotech industry.

Quincy

Related Beal has announced a $30 million investment to convert part of Presidents Place into a life science hub. The project will start with antibody discovery firm Abveris relocating its headquarters and labs to the site. The move places the new lab cluster across from the Quincy Center MBTA stop and expands the Red Line corridor for life sciences further south.

What happened

The $30 million commitment funds conversion of existing commercial space at Presidents Place, located at 1250 Hancock Street, into laboratory and support areas. The mixed-use building has over 350,000 square feet of space and is co-owned by Boston Andes Capital. Related Beal is converting 75,000 square feet of the building for lab space, and Abveris will lease 22,000 square feet for its headquarters and laboratories as the first life sciences tenant at Presidents Place. The lease agreement was brokered by the global real estate firm JLL, representing both Related Beal and Abveris.

Project details

Location and space

Presidents Place sits directly across from the Quincy Center MBTA stop, offering direct access to the Red Line. The conversion targets flexible lab footprints within the existing shell to speed occupancy and reduce upfront construction time for early tenants.

Tenants and leasing

The project will start with antibody discovery firm Abveris relocating its headquarters and labs to the site. Abveris will serve as the first life sciences tenant and is expected to occupy 22,000 square feet of the new lab buildout.

Regional significance

This development represents a significant expansion of the Red Line’s life science corridor. The existing corridor includes biotech centers in Cambridge’s Kendall Square and South Boston, and Quincy is joining the innovation pipeline, extending the corridor further south. The vision for Presidents Place includes long-term repositioning to attract more life science firms, and Related Beal is involved in several other life sciences real estate developments in Greater Boston.

Local economic and community context

Quincy Center is experiencing revitalization, with nearly $1 billion invested in housing, commercial development, and green spaces. Approximately 4,000 new housing units have been built in Quincy, with 600 more planned. City leadership views the Related Beal investment as a milestone for Quincy’s economic growth and a catalyst for additional private-sector interest.

Workforce and training

Quincy College has recently opened a new Biotechnology & Compliance Laboratory for training in bio-manufacturing. The new lab was developed with a $3 million federal grant and state funds, including a $500,000 grant from the Massachusetts Life Sciences Center. Quincy College holds a Biotechnology and Compliance certificate program, which includes hands-on training on state-of-the-art equipment used in the industry. The certificate program has been tailored for students through partnerships with local biotech companies for equipment donations and curriculum development. Training includes preparation for jobs as biomanufacturing lab technicians with expected salaries around $40,000 per year. The program aims to promote job placements in the local biotech industry and upcoming certifications will provide two new classes annually.

Economic expectations and next steps

The conversion of Presidents Place is expected to create new opportunities for research and economic growth in Quincy and the broader Greater Boston life sciences market. Related Beal describes the project as a strategic expansion of Boston’s life sciences ecosystem and intends to market the repositioned space to additional life science firms. Local officials and educational partners are aligning workforce training to support incoming lab operations and to increase local hiring from the Quincy area.

Summary of key facts

• Related Beal has announced a $30 million investment to convert part of Presidents Place into a life science hub.
• The project will start with antibody discovery firm Abveris relocating its headquarters and labs to the site.
• Presidents Place is located at 1250 Hancock Street, across from the Quincy Center MBTA stop.
• The mixed-use building has over 350,000 square feet of space and is co-owned by Boston Andes Capital.
• Related Beal is converting 75,000 square feet of the building for lab space.
• Abveris will lease 22,000 square feet for its headquarters and laboratories as the first life sciences tenant at Presidents Place.
• The lease agreement was brokered by the global real estate firm JLL, representing both Related Beal and Abveris.
• Quincy Center is experiencing revitalization, with nearly $1 billion invested in housing, commercial development, and green spaces.
• Approximately 4,000 new housing units have been built in Quincy, with 600 more planned.
• The new Quincy College lab was developed with a $3 million federal grant and state funds, including a $500,000 grant from the Massachusetts Life Sciences Center.
• Training includes preparation for jobs as biomanufacturing lab technicians with expected salaries around $40,000 per year.

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Additional Resources

• Boston Real Estate Times: Quincy’s Presidents Place Transformed into Life Science Hub
• Boston Herald: Students Get Hands-On Biotech Training
• MassLive: What to Know Before the Free Dropkick Murphys Concert in Quincy
• Encyclopedia Britannica: Biotechnology
• Wikipedia: Biomanufacturing

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