MIT Kendall Square Initiative
Boeing will be Kendall Square Initiative’s First Major Tenant
Boeing, the world’s largest aerospace company, will soon become part of the MIT/Kendall Square innovation fabric. The company has agreed to lease approximately 100,000 square feet at MIT’s building to be developed at 314 Main St., in the heart of Kendall Square in Cambridge.The agreement makes Boeing the first major tenant to commit to MIT’s Kendall Square Initiative, which includes six sites slated for housing, retail, research and development, office, academic, and open space uses. The building at 314 Main St. (“Site 5” on the map above) is located between the MBTA Red Line station and the Kendall Hotel. Boeing is expected to occupy its new space by the end of 2020.
“Our focus on advancing the Kendall Square innovation ecosystem includes a deep and historic understanding of what we call the ‘power of proximity’ to address pressing global challenges,” MIT Executive Vice President and Treasurer Israel Ruiz says. “MIT’s president, L. Rafael Reif, has made clear his objective of reducing the time it takes to move ideas from the classroom and lab out to the market. The power of proximity is a dynamic that propels this concept forward: Just as pharmaceutical, biotech, and tech sector scientists in Kendall Square work closely with their nearby MIT colleagues, Boeing and MIT researchers will be able to strengthen their collaborative ties to further chart the course of the aerospace industry.”