With a shortfall of tens of millions of dollars between the estimated land value and ballpark construction costs for the Volpe parcel in Kendall Square, the City Council has asked the analysts who produced the land estimate to personally attend a Tuesday meeting.
An economic analysis of the proposed Volpe project in Kendall Square was heard for the first time Tuesday night by the Planning Board, and the results put the economic prospects “at the margin,” according to Tom Evans, executive director of the Cambridge Redevelopment Authority.
A affordable-housing development called Port Landing has been announced for a vacant parcel in Area IV near Kendall Square. It is expected to open in August 2016.
Plans for the Lechmere station are as up in the air as the rest of the green line extension, despite its unique status in the project – it’s an existing station that will be moved, rather than one that is to be built and added to the MBTA system.
A team led by Utile Architecture + Planning has been selected for the Cambridge citywide planning project, city officials said Friday.
Three teams competing for Cambridge’s Citywide Planning contract presented and took public questions Monday, with Utile, the third team to present, the clear crowd-pleaser. A decision is expected in August.
Developers bidding to build a new John A. Volpe National Transportation Center facility in Kendall Square will have to show they have at least $500 million available and can spend $15 million within five days of the final selection date.
Cambridge developers planning an unpopular project in the neighboring town of Arlington nearly had a project meeting held without them – but now will be part of an Aug. 12 hearing about the Mugar site.
The city, state, real estate developers Leggat McCall Partners and five local residents and neighbors have agreed to settle the outstanding claims in a lawsuit about redevelopment of the former Edward J. Sullivan Courthouse in East Cambridge.
The City Council fretted about affordable housing percentages and contemplated a sky-high tower Monday beginning initial discussions for the zoning of the John A. Volpe National Transportation Center land parcel in Kendall Square.