Broad Institute extension approved
Early last week, the Broad Institute Board of Directors authorized plans to construct a Broad Institute extension. Alan Fein, executive vice president and deputy director of the Broad Institute, delivered the news in an email sent to the Broad community last Friday. According to the email, the Planning Board of the City of Cambridge approved the external appearance of the building on April 12. The transcript of the meeting is not yet available.
The extension will be built at 75 Ames St. in the empty lot behind the Broad Institute’s central 7 Cambridge Center campus. The extension would consolidate the functions of three existing Broad buildings — located at 320 Charles St., 301 Binney St., and 5 Cambridge Center — which have leases expiring in the next 3–4 years. The new building will have more total space than all of the buildings being replaced. An April 7 application to the Planning Board proposes 250,000 square feet of gross floor area at the 75 Ames building, including ground floor retail/restaurant space.
According to Fein’s email, tax-exempt bonds are on sale this week to finance the project.
“This project is a collaborative effort involving many Broadies and it is now becoming a reality,” wrote Fein.
“I thank all who have contributed to its success thus far, and look forward to sharing further updates in the coming months.”