730-750 Main Street730-750 Main Street, Cambridge, MA
Status: In construction
Themes: Innovation and collaboration
Renovation and renewal
Completion: Target 2022
MIT’s redevelopment of 730-750 Main Street will transform the complex into a center of entrepreneurial activity that brings additional depth to the local innovation cluster.
Themes and priorities
Originally built in 1910 and formerly home to the Polaroid Corporation, the two connected industrial buildings at 730-750 Main Street have sat vacant in recent years. MIT’s targeted improvements will transform the property into a place where academia, industry partners, and the extended community can gather and collaborate, helping propel the area’s innovation environment forward.
The redevelopment plans include renovations and additions to the existing structures, creating up to 211, 000 square feet of cutting-edge laboratory facilities and office space and a 130-car below-grade parking garage while respecting the historic nature of the buildings’ façades. A publicly accessible park at grade level is included in the design, and 7,800 square feet of ground floor retail space will be added on Main Street, providing opportunities to enhance and enliven daytime and evening street activity.
The Engine, built by MIT, is a venture capital firm investing in “tough tech” that will occupy 750 Main Street, approximately 75% of the overall development. Providing shared lab, office, fabrication and event space, The Engine will establish a new hub where sponsors of breakthrough ideas in tough tech, which requires a longer time horizon and patient capital, can grow their business proposition by converging with science and engineering talent, experts, policymakers, and investors.
The remainder of the space in 730 Main Street will be used to support the innovation and entrepreneurial ecosystem for MIT faculty, students, and affiliates.