The Boston Globe | By Tim Logan
November 15, 2016
Massachusetts Institute of Technology has won one of the biggest prizes in Boston-area real estate: The Volpe Center in Cambridge.
Federal officials said Wednesday MIT’s real estate arm was selected to re-develop the 14-acre site, now home to a government transportation research facility, in the heart of Kendall Square, beating out at least a half-dozen other major real estate companies for the project.
It’s unclear what exactly MIT will build there, as the General Services Administration released few details with its announcement and has refused to make public the proposals it received earlier this year. But the project will include a new facility for the transportation agency, and likely a mix of housing, office and lab space that could easily total more than 1 million square feet. Cambridge officials have said they plan to write new zoning rules to allow the winning developer to build out its proposal.