Verizon has broken ground on its new technology innovation center in Waltham.
The center is designed to provide a central base for Verizon’s advanced technology initiatives. It will house office and lab space for technologists and scientists as well as an executive briefing center where partners, consumer electronics companies, innovation collaborators, business executives and public officials can meet to discuss and collaborate on forward-looking technologies such as FiOS and next-generation 4G Long Term Evolution (LTE) wireless technology. Application and advancement of these new technologies will be a key focus.
The Verizon Technology Innovation Center is scheduled to be completed in early 2011 and will include a 60,000-square-foot, three-story facility located in the Reservoir Woods East Campus off of Winter Street in Waltham.
The property is owned by Davis Marcus Partners, a venture between Marcus Partners and The Davis Cos., in partnership with Prudential Real Estate Investors (PREI). The new building, designed by Boston architect Howard Elkus of Elkus-Manfredi, will be developed to LEED Silver standards of the U.S. Green Building Council.
When the Verizon Technology Innovation Center is complete, the current 136,000-square-foot Verizon Technology Campus in Waltham will be expanded to a total of 196,000 square feet.
Together with the Verizon Technology Campus at Waltham – which houses Verizon technical staff focused on end-to-end architecture, design and testing of the Verizon network as well as IT applications development – the center will employ more than 300 technologists.
"Verizon is recognized as a global leader in innovation and technology, and the Verizon Technology Innovation Center will allow our world-class scientists and IT professionals to continue to have the leading-edge resources they need to develop the technologies, products and services that can dramatically change the way we live," said Dick Lynch, Verizon executive vice president and chief technology officer. "As a Massachusetts native, I’m extremely pleased to be here shaping Verizon’s technology investments and creating Verizon’s future technology vision in the Bay State."
