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Forest City Commercial Group | Boston Forest City Science + Technology Group

Category: Real Estate & Property Development
Phone: 617-225-0310
Fax: 617-225-0311
Website: http://www.fceboston.com

Forest City | Boston is part of Forest City Enterprises, one of the largest publicly-traded real estate firms in the United States. Known for its ability to create lively, mixed-use environments at complex urban sites, the company's "city strategy" has brought interest and residents back to urban areas throughout the country. In Boston, Forest City's flagship property is University Park at MIT, a $600 million biotechnology campus adjoining the Massachusetts Institute of Technology. When fully complete in 2004, the Park will comprise 2.3 million square feet over 27 acres, including ten research and office buildings; three residential complexes; 250,000 square feet of hotel, restaurant, and retail space; and structured parking for 2,800 cars. Conceived as a technology-oriented business park in a thriving campus environment, University Park has evolved into one of the premier centers for biotech and biomedical research in the United States. Amenities include three acres of landscaped parkland, concierge service for residential and commercial tenants, several restaurants, a hotel with executive conference center, a full-service grocery store, banking services, and an on-site childcare center. Major biotech firms calling University Park home include Acambis, Alkermes, Ariad Pharmaceuticals, Aventis Pharmaceuticals U.S., Genzyme, Millennium Pharmaceuticals, and Partners HealthCare.

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