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Page 4 Minutes for the Meeting of June 24, 2008 works for lab space. He then said the mix won’t be different. This is not a core office area; he sees it more like Hayden Avenue with more 1 to 2-story labs. He said biotech loves to cluster so it goes to Ledgemont and other places such as Wiggins in Bedford. Mr. Canale asked what would they visualize as the mix, office or lab? Mr. Cantalupa say he could see lab growth and thought the high tech market was pretty steady. Mr. Andrews said defense is still strong but there is less assembly work. Mr. O’Gorman commented on the avigation easements that are pretty broad, even more restrictive than around Logan. Mr. Henry stated that the Planning Department had had difficulty getting documentation of these easements and would appreciate any that the landowners could supply. Mr. Cantalupa urged the Board to not dismiss the introduction of residential use into the district. Businesses locate where they can get good labor and employees don’t like to commute. Apartments with one or two bedrooms would allow a live-work-play development. Developers are looking for flexibility and don’t like constraints. Mr. Andrews said the Town Meeting process is not nimble and opportunities can be missed. Another issue is lot constraints; the transferability of development potential should be considered. Mr. Canale pointed out that such transfers might allow structured parking. It was also seen as a way to speed development. Once such a transfer is made among lots, it isn’t feasible to reverse it. Mr. Kelley asked about the relative value of square footage and whether Lexington land was more valuable. Mr. Cantalupa said no; Waltham commanded higher rents as did Burlington. Mr. Andrews said that Waltham sat in the middle of the 128 beltway so could draw from the north, west and south, and there are more amenities such as hotels and retail. The proximity to Lexington, Concord and Weston was also a plus as those are towns where the decision makers like to live. Mr. O’Gorman said that in Waltham there are so many opportunities for growth while in Lexington if a tenant outgrows their space they would have to move. Also Waltham has been recognized nationally as a high tech location for the past forty years. Mr. Andrews said that Lexington is a much smaller market and a large market attracts the strongest tenants who have greater square footage needs. He did feel there was not much difference between Lexington and Waltham for tenants. Mr. Canale asked if there was a difference between Hayden and Hartwell and was told that Hayden had easier access but both had a lack of immediate amenities.