MIT Kendall Square Initiative
$475M Loan Secured for Under-Construction MIT Site 3
MIT has secured a mortgage valued at $475,000,000 from Met Life for the under construction 238 Main Street project in Kendall Square. The project will feature 280,000 square feet of flex lab and office space over 27,000 square feet of ground-floor retail. At the main entrance, a front-to-back five-story atrium will bring natural light inside the structure and will connect the lower masses of the existing building and the new addition.