Cambridge, Mass.
Massachusetts Institute of Technology (MIT) Office of Real Estate has plans for a $46-million, 185,000-sf building at a 7.5-acre site in Cambridge next to MIT and Technology Square. The project will gut an historic 1830s 135,000-sf building and build a new five-story, 50,000-sf adjacent structure with plans to lease the entire lab/office facility to a biotechnology company. Surface parking for 272 vehicles is included in the plan. Completion is anticipated in 2002. The project construction manager is Barr & Barr.
