Currently built out as premier office/flex space in Cambridge on Sidney St in the heart of MIT, and is not a land lease.
Given the recent changes in the Cambridge zoning ordinance you are also allowed to convert the building into a residential development of six stories as of right which would result in a potential of 80 units.
SD-8 Zoning allows office, lab, R&D, light industry (including manufacturing), educational purposes (including dormitory), medical and health care use, local government use.
The building features two floors, and is composed of a mix of closed offices, open spaces, multiple conference rooms, large kitchen area, and multiple bathrooms featuring showers, a dedicated mother’s room, and ample natural light. The space was completely renovated a few years ago and has been 100% transformed at that time with the building brought back to the shell, and transformed into an exceptional 1st class setting which was formerly the corporate headquarters for a public life science company. Modern, bright, and functional with careful attention paid to even the smallest details. Architecture designed by Margolis & Fishman; construction performed by Siena.
Easily accessible by public transportation, and it has multiple public parking spaces on the street, and there are fifteen dedicated parking spaces as well.
A rare opportunity to own premier space in stand-alone buildings by Central Square, and MIT.