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MITIMCo: Kendall Square

MITIMCo: Kendall Square

PROJECT BACKGROUND

Graffito has been working with MIT Investment Management Company since 2009 to reimage and reposition certain retail assets in and around Kendall and Central Square in Cambridge, MA.

 

Graffito’s work has spanned planning, permitting, development, and leasing phases, resulting in dozens of newly activated storefronts across East Cambridge, including bars, restaurants, cafes, service providers, a pharmacy, a food hall, a pool hall, and a full service grocery store.

MIT is adding over 4.6 million square feet of new laboratories, work spaces, residences, cultural attractions, and retail at the heart of this center of invention and discovery. It will be a place more open, more vibrant, and more connected; an even stronger neighborhood anchored at its base by best-in-class makers, retailers, and restaurateurs.

MITIMCo’s criteria for selecting operators were based on the following five principles: Local First, Inclusivity, Innovation, Balancing the Market, and Extended Hours of Operation.

SNAPSHOT

  • Client : MITIMCo
  • Neighborhood : Kendall Square
  • Addresses : 165, 238, 290, 314, 730-50 Main Street, Cambridge MA 02145
  • Building Type(s) : Life Science
  • Total Project Square Footage : ~1.76M SF
  • Desired Uses : Food + Beverage, Services,Fitness, Soft Goods
  • Status : Now Leasing!

SCOPE OF WORK

Graffito SP Retail Development
Ground floor activation and retail leasing brokerage services
Graffito SP Retail Development
Recommendations of all existing plans and materials
Graffito SP Retail Development
CONSIDER the specific role of and place for small local retailers in the plan and explore tenant mix and creative uses with OUTSIDE CONSULTANTS
Graffito SP Retail Development
Collaborate with designers and resources to work on a retail storyboard that documents a range of non-traditional retail uses
Graffito SP Retail Development
Present to landlord different leasing scenarios for the available retail spaces
Graffito SP Retail Development
General assistance and feedback on other miscellaneous retail issues

CHALLENGES

  • Important real estate portfolio that creates the identity of Kendall Square
  • Selecting the most suitable tenant
  • Making Kendall Square a weekend & night time destination place

TENANT PLACEMENT

The-Bagel-Table_Logo
CrumblCookiesLogo
RailStopLogo
KohiCoffee
Mainely-Burger-Logo
Cambridge+Naturals+Logo+2018
AmericanFlatbread
ActionAthletics

KENDALL SQUARE LEASING OPPORTUNITIES

Check out currently available space at this development and learn more about the project!