BOSTON—Harvard University has tapped Boston-based Berkeley Investments as a partner to redevelop 176 Lincoln St., a vacant property spanning nearly half a million square feet that Harvard has owned since 2006 on Mass Pike, Boston Business Journal reported.
The building was home to Globix Corp. before its bankruptcy.
“Harvard is incredibly excited to partner with Berkeley Investments on the exciting redevelopment opportunity at 176 Lincoln Street, and looks forward to working closely with them about how to creatively activate an area that has been vacant for many years,” a university spokesperson told Boston Business Journal. “The University continues to envision an exciting mixed-use project that takes full advantage of the intersections of various opportunities in and around the neighborhood, and that will resonate with people wanting to move into, and stay, in the area.”
Boston Business Journal said that it’s unclear what Berkeley’s plans are for the Boston Tech Center.
Young Park, president of Berkeley Investments, told Boston Busines Journal that the company would likely file a letter of intent later this summer to kick off the city’s development review process.
“We at Berkeley are tremendously excited about the opportunity to transform and revitalize a site which had stood vacant for so many years,” Park said in an email to the Business Journal. “We look forward to working cooperatively with local residents and neighborhood associations, the BPDA and State representatives on realizing our vision for this important mixed-use development.”
Boston-based real-estate development firm Cabot, Cabot & Forbes originally developed the 176 Lincoln St. for internet company Globix Corp., which went bankrupt in the dot-com bust of the early 2000s and was later acquired by RCN Corp. Globix had leased the full facility prior to filing bankruptcy and never occupied the building, according to Boston Business Journal.
Cabot then repurposed the project for biotech use, but failed to land a tenant, the newspaper said.