Business

Developers to hold ground-breaking ceremony for Longwood Center

A ground-breaking ceremony is set for Thursday for Longwood Center, a long-stalled laboratory building in Boston’s Longwood Medical Area.

The planned 11-story facility will have about 414,000 square feet of rentable space at what is now a vacant lot at Brookline and Longwood avenues. The project, which is expected to create or retain up to 660 full- and part-time jobs, is scheduled for completion in the fall of 2014.

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Longwood Center, which will be adjacent to the Joslin Diabetes Center, is being developed by a joint venture of Newton-based National Development, Charles River Realty Investors, Alexandria Real Estate Equities Inc., and Clarion Partners LLC.

Mayor Thomas M. Menino is expected to attend the Thursday ceremony, Alexandria Real Estate Equities said.

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Construction on the project stopped construction in the fall of 2008, when the economic downturn left the project struggling to find tenants and financing.

In a press release Thursday, Alexandria noted that the Dana-Farber Cancer Institute will occupy about 154,000 square feet of space at Longwood Center.

Chris Reidy can be reached at reidy@globe.com.
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