MIT agrees to develop Volpe Center Parcel in Kendall Square

MIT signed an exchange agreement with the United States General Services Administration (GSA) on Wednesday (January 18th, 2017) to own and develop the 14-acre Volpe Center parcel in the heart of Kendall Square. MIT will ultimately own a 10-acre section of the parcel. MIT will first develop a new building for the GSA on a 4-acre section of the parcel, which the GSA will own. The GSA selected MIT as the parcel’s developer in November 2016. “When this parcel became available, it felt obvious to us that we should pursue this unique opportunity to work with the City and our Cambridge neighbors to help shape the future of the Kendall Square neighborhood, so that it would serve both MIT and the broader community,” said MIT President L. Rafael Reif in an official statement Wednesday. “It is now clear that our future success depends on making sure that Kendall succeeds as a place – a place where people want to live, work and play, and a place that makes our city stronger, too.”

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