Construction has begun on the first of the two 200,000-sf buildings, which are located next to the Massachusetts Institute of Technology. University Park was developed in 1983 as a 27-acre office, technology and biomedical complex. The complex also includes a 212-room hotel, restaurants, residential units and retail.
In a released statement, Gayle Blakley Farris, president of Forest City's Boston operation, states, "We are excited to continue our partnership with Millennium Pharmaceuticals in making University Park ground zero for biotech tenants." Millennium plans to relocate from its current headquarters at 75 Sidney Street here. The buildings will reportedly be ready in the fall of 2003.
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