Boston Globe reporter Tim Logan writes that federal officials announced the initial section of MIT to redevelop the Volpe Transportation Center in Kendall Square. “They understand how to work in Cambridge,” says Greg Vasil of the Greater Boston Real Estate Board of MIT’s long history in the area. “With something this big and intricate, that can really pay off.”
Tim Logan writes for The Boston Globe that in a new paper MIT researchers estimate how much the proposed Green Line extension has boosted property values. Graduate student Austin Paul explains that thus far, “we’ve probably only seen prices go up 40 percent” of where they may ultimately end up.
Prof. Dennis Frenchman spoke to Lisa Prevost of The New York Times about the possibilities for development in South Boston’s Seaport. Students in Frenchman’s real estate development studio program envisioned “inspiring visions of robotics production spaces beneath apartment houses, waterfront ‘maker’ spaces, like breweries and chocolatiers, and co-working spaces for entrepreneurs."
In a Boston Magazine article about six city squares in Boston, Joseph Mendolia writes that MIT’s plan for Kendall Square, “which is slated to bring 740 apartments—not to mention additional office, retail, and research space—to the square,” could help bring a neighborhood feel to the the area.
Tim Logan writes for The Boston Globe that MIT has received approval to develop new buildings, open spaces, restaurants, research and commercial spaces in Kendall Square. “We want to create a greater sense of place,” says Provost Martin Schmidt. “A greater place to live and learn, not only for our community, but also for our neighbors.”
Erin Baldassari writes for The Cambridge Chronicle about MIT’s plans for six new buildings in Kendall Square. “As a bold new gateway to MIT, Kendall Square opens a new frontier for us to reimagine the relationship between town and gown,” said Hashim Sarkis, dean of the School of Architecture and Planning.
Sam Henken writes for BostInno about MIT’s Kendall Square Initiative. "This project is really important to the academic mission of MIT," said Provost Marty Schmidt. "MIT as an institution really focuses on how we can take the ideas on this campus and move them out so they have impact."
WBUR reports on MIT’s plan to create six new buildings in Kendall Square. Three of the buildings would be used for “research and development, two for housing and one for retail and office space.”
CNBC reporter Meg Tirrell reports on the biotechnology boom in Cambridge, explaining that one reason so many biotech companies want to be located in Kendall Square is the area’s proximity to MIT. “Everybody wants to be next to MIT, this hotbed of technology and life sciences work,” says Tirrell.
Norman Leventhal, an MIT alumnus, life member emeritus of the MIT Corporation and real estate developer, died Sunday, reports Bryan Marquard for The Boston Globe. Leventhal is known for building and renovating some of Boston’s most renowned landmarks, including Center Plaza and South Station.
The Cambridge Chronicle reports that alumnus Samuel Tak Lee has donated $118 million to establish a real estate entrepreneurship lab at MIT. The lab will have a particular focus on China, and “will promote social responsibility among entrepreneurs and academics in the real estate profession worldwide.”
Tech reporter Amy Wang writes about the recent gift from alumnus Samuel Tak Lee that will establish a real estate entrepreneurship lab at MIT. “Real estate and urban planning is very interdisciplinary to begin with, so this donation already is incredibly well positioned to generate opportunities across all fields,” says Prof. Albert Saiz.
Robert Olsen of Forbes profiles MIT alumnus Samuel Tak Lee, who recently made one of the largest gifts in MIT’s history to establish a real estate entrepreneurship lab. “Now that he’s achieved such success, he’s helping others to follow a similar path by supporting the schools he attended,” writes Olsen.
Inside Higher Ed reports on the $118 million gift from MIT alumnus Samuel Tak Lee that will be used to establish a real estate entrepreneurship lab at MIT. The gift, one of the largest in MIT’s history, is aimed at exploring sustainability and social responsibility in the field of real estate.
Jack Newsham writes for The Boston Globe about the new gift from MIT alumnus Samuel Tak Lee to “fund the study of sustainable real estate development” through the creation of a new lab at MIT. The lab will have a focus on China, “a country where the real estate sector is rapidly changing.”