Facebook founder Mark Zuckerberg and his wife, Priscilla Chan, are giving Harvard University and the Massachusetts Institute of Technology $30 million to help improve the literacy skills of elementary school students across the nation.
MIT’s redevelopment of the Volpe Center property will include 1,400 housing units, including a 50-story tower and 1.7 million square feet of commercial space, a project that MIT says will propel Kendall Square’s tech- and life science-fueled economic hub to the next level.
A plan to create a mix of 46 housing units and community spaces for low- and moderate-income families in Boston’s Roxbury neighborhood received the first-place prize at the 17th Annual Affordable Housing Development Competition.
In perhaps another sign that the conversation around fintech is shifting, MIT recently brought fintech together with traditional financial services companies in its first-ever fintech hackathon.
Optimus Ride has opened its new 20,000 square foot complex in Boston’s Seaport Innovation District.
Massachusetts Institute of Technology has agreed to pay $750 million for the 14-acre Volpe Center site in Cambridge’s Kendall Square, which it plans to redevelop into a large commercial and residential campus.
MassHousing recently provided a funding package to nonprofit Homeowners Rehab Inc. to finance upgrades for existing units as well as the construction of nine new units at a Cambridge apartment complex.
Already set to build a 1.8-million-square-foot development in Kendall Square, the Massachusetts Institute of Technology will get the first chance to redevelop the federal government’s 14-acre Volpe Center property at 55 Broadway.
