MIT Scraps Met Storage Redevelopment Plans

MIT canceled plans for the redevelopment of Metropolitan Storage on Mass Ave in Cambridge into student housing.

The transformation of the property, which is a 250k SF brick structure built in 1894, would be too technically challenging.

The school will build dorms elsewhere and try to find another use for the castle-like building, the Boston Globe reports. MIT bought the building in 1966 and leased it back to Metropolitan, which closed it last year as a storage facility. [Globe]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Boston Newsletters
Related Stories

Boston Property Owners Raise Alarms About Cost Of Electric-Building Push

Clarion Under Contract To Sell 18-Story Seaport Office Tower

How A New Financing Model Helps Spur More Mixed-Income Housing

Law Firm Relocating To South Station Tower: The Boston Deal Sheet

Unite Looks To Reshape Student Portfolio After £417M First-Half Loss

Boston Waterfront Property Planned For Hotel Project Put Up For Sale

BioMed Hands Boston Lab, Office Property To Lender

Blackstone's Industrial Arm Sells Revere Warehouse For $45M

Affordable Housing Developer Plans $63M Newton Project: The Boston Deal Sheet

Pharma Company Moving Headquarters From Suburbs To Downtown Boston

With Bump In Defense Spending, Massachusetts Reaches For A Bigger Slice Of The Pie

Wood Partners Wins Somerville Site Bidding, Increases Plan To 418 Units