Wednesday, February 29, 2012

Proposed New Building in Cambridge for Google

A letter dated February 27 to the City Council of Cambridge outlines a proposed connector building that would add 25,000 square feet of office space to the Cambridge Center, increasing the space currently leased to Google (now 300,000 square feet). Boston Properties, Cambridge Center owner, has released a full proposal for the new construction on behalf of its tenant.

"Google ... has outgrown its existing space and is looking to create an urban campus configured in a manner to facilitate its work processes, enhance its unique culture and help attract the best candidates for its workforce," Michael Cantalupa, Boston Properties' senior vice president, wrote in a letter to Cambridge City Manager Robert Healy. "The ability to expand ... is an essential component of Google's campus plan, without which Google has indicated that it will have to look elsewhere to meet its space needs ... It is our hope that the growth of Google in Cambridge will enable the city to realize economic and community benefits for many years to come."

According to a Boston Business Journal article, construction of the new space would require the city's approval to modify a pair of existing open space covenants that would reduce green space by 18,147 square feet — about 25 percent — from a park atop the East Garage. But Boston Properties said it would replace the lost open space with a new, 47,000 square foot urban park on land owned by the Cambridge Redevelopment Authority at the corner of Binney and Galileo Galilee Way.

"I'm very excited about Google wanting to expand in Cambridge," said City Councilor Leland Cheung. "It underscores that Cambridge is a great place to do business especially if you're in the innovation economy."

For more news and information visit Blumberg Capital Partners.

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