Project Progress: Initial Site Work

64% Complete (success)

About 145 Broadway

Kendall Square, Cambridge, MA


Upcoming 19-story, 453,768 square foot office tower that will be located at the intersection of Broadway and Galileo Galilei Way in the heart of Kendall Square. Akamai Technologies has entered into an agreement with Boston Properties to fully lease 100% of office space at 145 Broadway. Approximately 10,000 square feet of active use space that could accommodate retail uses will be located on 145 Broadway's ground floor. A pre-existing four-story, 78,636 square foot office building at 145 Broadway has been demolished.


The new 145 Broadway will feature approximately 12' - 8" floor heights; the building's glass facade will bring abundant natural lighting to indoor spaces. A five-story garage will be built underneath 145 Broadway containing 374 vehicular parking spaces and 151 bicycle parking spaces. 145 Broadway is located steps to the MBTA Red Line and multiple bus lines. The following are renderings of 145 Broadway:


145 Broadway Renderings


145 Broadway is the first phase of Boston Properties' planned 1.1 million square foot Kendall Square redevelopment project; the following is a link to Boston Properties' full project Concept Plan. Future phases would entail the construction of a 14-story, 318,644 square foot commercial building (Commercial Building B), a 34-story, 350,000 square foot residential tower (Residential Building South), a 12-story, 71,300 square foot residential building (Residential Building North) and the repositioning of 14,000 square feet of mechanical space at an existing office building, 75 Ames Street, into commercial space. Both residential buildings would be constructed above an existing six-story above-ground parking garage. The following are renderings of the four proposed new buildings:


Boston Properties Kendall Square Renderings

Square Feet 453,768
Sector

Retail

Office

Stories 19
Height (feet) 250
Start Date May 15, 2017

Latest Updates


145 broadway kendall square office retail space for lease cambridge boston properties mxd development project district pickard chilton stantec rendering

Jul 18, 2017

Akamai breaks ground on new global headquarters in Kendall Square

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145 broadway kendall square office retail space for lease cambridge boston properties mxd development project district pickard chilton stantec rendering

May 21, 2017

Demolition begins for construction of new 19-story Akamai headquarters in Kendall Square

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145 broadway kendall square office retail space for lease cambridge boston properties mxd development project district pickard chilton stantec rendering

Nov 27, 2016

Akamai announces headquarters move to new Kendall Square tower

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145 broadway kendall square office retail space for lease cambridge boston properties mxd development project district pickard chilton stantec rendering

Sep 18, 2016

Akamai Technologies signs Letter of Intent to fully occupy 145 Broadway

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145 broadway kendall square office retail space for lease cambridge boston properties mxd development project district pickard chilton stantec rendering

Aug 31, 2016

19-story office tower proposed in Kendall Square

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Latest Press Releases

CAMBRIDGE, Mass., Nov. 21, 2016 -- Akamai Technologies, Inc. (NASDAQ: AKAM), the global leader in Content Delivery Network (CDN) services, today released plans for the building of its new global headquarters in Cambridge, Massachusetts.  Akamai has entered into an agreement with Boston Properties to lease a newly-constructed building at 145 Broadway, in the heart of Cambridge's Kendall Square neighborhood. The approximately 486,000 square foot building is scheduled to open at the end of 2019. Initial architectural renderings of the new headquarters are available here.


"Akamai has its roots in Cambridge and has grown into the largest technology company headquartered in this area," said Erica Chapman, Vice President, Global Real Estate and Workplace Productivity at Akamai.  "We look forward to creating a campus environment for Akamai's employees to further foster innovation and collaboration, and to build a headquarters that complements the thriving Kendall Square community, complete with first-floor retail space."


New construction will require demolition of the existing three-story building at 145 Broadway and is contingent on Boston Properties obtaining final approvals from the City of Cambridge and Cambridge Redevelopment Authority. Akamai has signed a fifteen year lease for 100% of the office space in the new development. The Company has also agreed to lease a minimum of an additional 150,000 square feet of space within Boston Properties' portfolio in Kendall Square. This commitment is intended to represent part of a second phase of Akamai's build out of its headquarters' campus and will commence concurrently with the new construction. Occupancy of both spaces will be coordinated with the lease expirations of Akamai's current locations in Cambridge.


"We are thrilled to be partnering with Akamai to facilitate its continued growth in Kendall Square," stated Bryan Koop, Executive Vice President, Boston Region for Boston Properties. "Akamai's technology and services are key contributors to the thriving innovation ecosystem and we're proud to be building them a long-term home here."


The building at 145 Broadway is expected to include approximately 9,500 square feet of street level retail space and a sub-surface parking garage. An employee café, roof deck, fitness center and electric vehicle charging are all amenities being considered for the new space. Continuing Akamai's global commitment to the environment, the new headquarters will also be constructed using the Energy Use Index and will be LEED compliant.


Globally, Akamai has offices in 64 locations and has recently expanded in Amsterdam, Atlanta, Bangalore, Beijing, Bellevue, Denver, Krakow, London, Melbourne, Munich, San Francisco and Santa Monica.


About Akamai

As the global leader in Content Delivery Network (CDN) services, Akamai makes the Internet fast, reliable and secure for its customers. The company's advanced web performance, mobile performance, cloud security and media delivery solutions are revolutionizing how businesses optimize consumer, enterprise and entertainment experiences for any device, anywhere.  To learn how Akamai solutions and its team of Internet experts are helping businesses move faster forward, please visit www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.


Akamai Statement Under the Private Securities Litigation Reform Act

The release contains information about future expectations, plans and prospects of Akamai Technologies, Inc.'s management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, failure of Boston Properties to complete construction of the planned building on a timely basis, in accordance with the current plans, or at all; changes in Akamai's hiring expectations; changes in real estate market conditions; and other factors that are discussed in the Company's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.

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