Located at 1434 Main Street in Waltham, MA, this now fully entitled development site offers a rare, shovel-ready opportunity to construct a best-in-class life science or medical facility. While the property does not yet have a formal street address, it resides within the tax parcel known as 1432 Main Street and will be structured as a commercial condominium, enabling independent ownership of both the laboratory building and its associated parking infrastructure.
The site is strategically positioned adjacent to an existing laboratory and life sciences building, with a well-established parking area in place, offering immediate development potential. The parcel includes approximately 3.94 acres of land, which is part of a larger 7.352-acre site, and conveys condominium rights to 127,260 square feet of laboratory, life science, or medical facility space.
Now approved with a Special Permit from the City of Waltham, the site is fully entitled—net of building permit—and ready for near-term development. The approved plans call for a five-story building, with each floor providing approximately 25,452 square feet of space tailored to lab or life science use. The project also includes a two-level structured parking garage, offering 187 parking spaces to accommodate staff and tenants.
The property is zoned Commercial (C) and is well suited for a range of uses including lab, life sciences, or healthcare. The 0.6 FAR required to support the planned development has been formally approved under the City’s Special Permit process, removing a key entitlement hurdle and positioning the project for a streamlined development timeline.
Offered as a commercial condominium, the buyer will have full autonomy to own, operate, and customize the development, including building layout, amenities, energy performance features, and other specifications. The seller, FD Special Opportunities II-A, LLC, is partnering with Ferris Development Group, LLC as the developer of the project.
Located within Waltham’s established innovation corridor, the site offers proximity to leading R&D institutions, corporate labs, and a growing network of biotech companies. With all major approvals now secured, this is a rare chance to design and deliver a purpose-built life science facility in a high-demand, transit-accessible submarket.
For additional information, including preliminary floor plans and renderings, please contact:
Ryan O’Toole (508) 769-0158 | Ryan@FerrisDevelopment.com
Ryan O'Toole
Ferris Development Group, LLC