MIT Investment Management Company (MITIMCo) renovated and repositioned a historic structure at 640 Memorial Drive, to meet the growing demand for biotech facilities in Cambridge. 640 Memorial Drive is the conversion of a 1913 Model T Ford factory and includes a three-story glass-enclosed entrance lobby and R&D, office, and light industrial/manufacturing space for biotechnology and high-technology tenants.
- Redevelopment defines the highly visible scientific community of the Massachusetts Institute of Technology and Harvard University,
- Modern interpretations in addition to original buildings produce exciting and eclectic environments for cutting-edge research.
- Financial successes have spurred redevelopment of surrounding properties for similar uses.