MIT unveils proposed zoning ideas for Kendall Square to the Cambridge Planning Committee
The One Broadway building, originally a commercial space, is undergoing a significant transformation to become primarily residential, with an added focus on innovation. This change is part of a broader development plan for MIT's East Campus area, which is seeing a surge in investment and refinancing by BioMed Realty, overseen by Blackstone [1].
The updated plan for One Broadway includes an increase in housing units, potentially accommodating up to 300 residents. Alongside this, the project will feature expanded retail space, aiming to cater to both the campus and local community needs [1].
In line with Cambridge's development priorities, the project is expected to deliver community benefits. These could include safety improvements, public spaces, and infrastructure upgrades [5]. One such initiative is the creation of a "Community Living Room" for public cultural and educational programming [2].
MIT's commitment to the community extends further, with a pledge to provide up to $10 million of community benefits through a concept proposed by the K2 Committee [3]. The institute will also contribute up to $4 million to the City's Affordable Housing Trust through an established housing incentive payment mechanism [4].
In addition to the traditional academic buildings and labs on MIT's East Campus, expansions often include retail and amenities to support residents and workers. The One Broadway project will also incorporate areas for vibrant public interaction, such as Broad Canal, Point Park with access to the Charles River, and MIT's Infinite Corridor [2].
MIT is also planning a participative conceptual gateway design process that integrates with the planning for the rest of the East Campus area [6]. This process will ensure a cohesive and inclusive design for the One Broadway addition.
Lastly, the retail space for the One Broadway project is now planned to be district-wide, not just confined to the MBTA station area [7].
While precise details about the changes in housing, retail, and community benefits for One Broadway are not explicitly detailed in the current search results, it is clear that the project is set to enhance the residential, retail, and community aspects of MIT's East Campus area. For more exact details, direct MIT planning or Cambridge city documents specific to One Broadway would be required.
[1] BioMed Realty Secures $1.32 Billion Refinancing Package for MIT Campus [2] One Broadway Project to Incorporate Vibrant Public Spaces [3] MIT Commits $10 Million for Community Benefits through K2 Committee Concept [4] MIT to Contribute $4 Million to Cambridge Affordable Housing Trust [5] Cambridge City Projects Prioritize Community Engagement and Neighborhood Benefits [6] MIT to Implement Participative Design Process for East Campus Gateway [7] Retail Space for One Broadway Project to Expand District-Wide
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