BREAKTHROUGH IN THE NEWS

• July 1, 2026

Harvard, Tishman Speyer and Breakthrough Properties Celebrate Opening of the Enterprise Research Campus in Allston

Boston's Most Anticipated Development in Years Comes to Life

with Apartments, Hotel, Iconic David Rubenstein Treehouse,

Cutting-Edge Labs, Restaurants, Shops and Community Open Spaces

BOSTON, June 24, 2026 - Harvard University, Tishman Speyer and Breakthrough Properties were joined on June 23 by Mayor Michelle Wu and a host of university, elected, local community and business leaders to celebrate the completion of the first phase of the Enterprise Research Campus (ERC), a dynamic, nine-acre mixed-use development in Boston's Allston neighborhood.

The first phase of the ERC, a development led by Tishman Speyer and Breakthrough in partnership with the Harvard Allston Land Company (HALC), brings together two state-of-the-art laboratory buildings devoted to scientific research and development, hundreds of new apartments, a boutique hotel, a conference center, 40,000 square feet of retail and restaurants, and more than two acres of publicly accessible open space anchored by the new Allstonway.

"The Enterprise Research campus is where researchers, entrepreneurs, and creative thinkers will work side by side. Asking ambitious questions, pursuing novel ideas that only seem obvious with hindsight. Building the companies and the industries of tomorrow. 
And as new discoveries are made, new challenges are identified. The spaces we have built will evolve. Supporting excellence in many forms for many, many years to come," said Harvard President Alan Garber.

"It's extremely gratifying to see the ERC come to life," said Tishman Speyer CEO Rob Speyer. "From day one, Harvard has been an amazing partner. Our collaboration has created a place for bold ideas, from the next groundbreaking discovery to world-class hospitality. This is a destination for Harvard, Allston, and visitors from around the world."

"With the ERC, we have created a world-leading innovation environment that will complement and accelerate cutting-edge research taking place at Harvard and the surrounding region," said Breakthrough Properties CEO Dan Belldegrun. "With Roche Genetech's innovation center as its anchor, One Milestone will produce dynamic partnerships between academia and industry, paving the way for countless life-changing discoveries."

Enterprise Research Campus: A Model Mixed-Use Neighborhood

The nine-acre first phase of the Enterprise Research Campus encompasses the following elements:

One Milestone, the ERC's premier life science environment anchored by Roche's Innovation Center for Cardiovascular, Renal, and Metabolism (CVRM) discovery. Developed by Breakthrough Properties, a joint venture of Tishman Speyer and Bellco Capital, One Milestone encourages connection and the exchange of ideas through an array of collaboration spaces and amenities, including a Jay Wright-designed fitness center and a double-height conference facility. Designed by architectural firms Henning Larsen and Studio Gang, the interconnected, two-building complex accommodates companies of all sizes - from large-scale users to emerging start-ups based in StudioLabs, Breakthrough's flexible lab component.

The David Rubenstein Treehouse, Harvard's first university-wide conference center, which opened in October 2025 and hosts events ranging in size from 20 up to 755 people. The Rubenstein Treehouse incorporates space for visiting scholars, industry partners, and guests to convene, collaborate and foster connections. Designed by Studio Gang, the expressive mass timber structure features a double-height lobby that extends outdoors through two covered porches that can be used year-round.

The Atlas, a boutique hotel that opened earlier this year. Designed by Marlon Blackwell Architects with interiors for the lobby, corridors and guestrooms by INC Architecture & Design, The Atlas features 246 rooms and an array of amenities, including two dining concepts by the James Beard-nominated Pearl & Law Hospitality, the team behind Dorchester's Comfort Kitchen. Ama at The Atlas, the hotel's signature restaurant concept, and Foxglove Terrace, a rooftop restaurant and bar, both opened in the spring.

Verra, the ERC's 343-apartment community, which opened last year. Verra offers thoughtfully designed studios through two-bedroom apartments with an emphasis on comfort, warmth and hospitality. Verra features sweeping views of Boston and Cambridge alongside a curated collection of best-in-class amenities. Designed by MVRDV, Verra is already helping shape the neighborhood's energy and sense of community.

An array of street-level shops, restaurants and cafes. Tishman Speyer's retail program has prioritized beloved Boston operators with deep local followings to create a vibrant, inclusive district that authentically connects to Allston-Brighton and the broader Boston community. In addition to Comfort Kitchen's Ama restaurant and Foxglove Terrace, the ERC is home to neighborhood favorites including Harvard's iconic COOP bookstore and apparel shop, Revival Café, Phin Coffee House and a Little Sprouts daycare center.

Two acres of activated publicly accessible open space, with the new Allstonway as its centerpiece. Opened in May, the Allstonway, designed by SCAPE, connects the neighborhood to the Charles River, bringing people of all ages together through public art, landscaping, walking paths, comfortable seating and year-round programming such as farmer's markets, concerts and outdoor fitness classes.

About Tishman Speyer (tishmanspeyer.com)

Tishman Speyer is a leading owner, developer, operator and investment manager of first-class real estate in 33 key markets across the United States, Europe, Asia and Latin America. Our portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. With global vision, on-the-ground expertise and a personalized approach, we are unparalleled in our ability to foster innovation, quickly adapt to global and local trends and proactively anticipate our customers' evolving needs. By focusing on health and wellness, enlightened placemaking and customer-focused initiatives such as our tenant amenities platform, ZO, and our flexible space and co-working brand, Studio, we tend not just to our physical buildings, but to the people who inhabit them on a daily basis. Since our inception in 1978, Tishman Speyer has acquired, developed, and operated 531 properties, totaling 221 million square feet, with a combined value of approximately $130 billion (U.S.). Our current portfolio includes such iconic assets as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt and the Mission Rock neighborhood currently being realized in San Francisco.