Volpe Center Parcel Redevelopment Update 01/20/21
Steel Frame Rising at Volpe Transportation Site
Construction on a steel frame has started at the Volpe Transportation Center worksite. The 14-acre United States General Services Administration-owned parcel located in the heart of Kendall Square is being redeveloped in multiple phases by the Massachusetts Institute of Technology (MIT). MIT will pay the GSA $750 million for the right to own and develop the parcel.
In total, MIT proposes to construct approximately 1.7 million square feet of commercial development, including retail and active street uses, and approximately 1,400 housing units.