UNIVERSITY PARK at MIT
MIT’s vision was to create a landmark public-private partnership using its intellectual capital and land investment to anchor job creation, economic development, and neighborhood revitalization.
A Bold MIT/Developer Tech-Transfer Collaboration
Developed in partnership with MIT, University Park at MIT is a vibrant 27-acre revitalized former industrial site adjacent to the MIT campus.
The Park's state-of-the-art research space hosts prominent bioscience industry leaders — including the Headquarters and R&D facilities for Novartis Vaccines and Diagnostics & Institutes for Biomedical Research and for Takada Oncology, and the collaborative Mass General and Brigham & Women's Hospitals Research Center.
GROUND-BREAKING ZONING DISTRICT
Project Total:
2.350M SF (2.3 FAR) Total Maximum Permitted
Lab/Office Space:
1.5 Million SF Maximum Permitted
Minimum Residences Required (400 units) including:
100 units @ 85% median income
50 units @ 110% median income
Residences Actually Built:
723 Units
Hotel:
210 keys + 15,000 SF conference center>
Retail:
150,000 SF maximum
100,000 SF built including neighborhood supermarket
Parking:
2,300 spaces built in three garage
A VIBRANT NEW URBAN LIVE WORK PLAY COMMUNITY
A seamless extension of the neighborhood, including a vibrant 24/7 place to live and work with easy access to everything Cambridge has to offer. There are 150 new affordable and workforce family housing units and 574 market rental units in a range of buildings from garden apartments, historic, lofts, and mid and high-rise buildings.
- Urban Land Institute, 2004
AWARD FOR EXCELLENCE
Widely recognized as the land use industry's most prestigious award, it is presented annually, acknowledging a project's full development, not just its architecture or design. The criteria for the award includes leadership, contribution to the community, innovations, public-private partnership, environmental protection and enhancement, response to societal needs, and financial success. - HONOR AWARD FOR DESIGN EXCELLENCE
For distinction in architectural design, awarded for the 91 Sidney Street Residential Building. - Boston Society of Architects, 2003
LABORATORY OF THE YEAR AWARD
For outstanding design characteristics, attention to detail, and forward-looking functionality, awarded for 35 Landsdowne Street. - R&D Magazine, 2003
RUDY BRUNER AWARD FOR URBAN EXCELLENCE
For special places that contribute to the richness and diversity of America's cities and transcend the boundaries between architecture, urban design, and planning - awarded for the University Park campus.
- Honorable Mention, The Bruner Foundation, 2003
HONOR AWARD FOR DESIGN EXCELLENCE
For distinction in architectural design, awarded for the 80 Landsdowne Street Garage. - Boston Society of Architects, 2002
CORPORATE CITIZEN OF THE YEAR AWARD
For significant contributions, involvement, and distinguished community service. - Cambridge Chamber of commerce, 2002
DISTINGUISHED REAL ESTATE AWARD
For achievement in real estate, charitable activities, and community betterment. - National Association of Industrial and Office Properties, 2001
INTERNATIONAL AWARD OF EXCELLENCE
For outstanding design and operational creativity, awarded for the 55 Franklin Street Garage. - International Parking Institute, 2000
GOGREEN BUSINESS AWARD
For outstanding environmental efforts in the areas of transportation and recycling. City of Cambridge, 2000