The latest from Lili about Boston Real Estate.

Update on Cambridge Development at MIT: The Silicon Valley of MA

January 21, 2012 |

Cambridge, the so called Boston’s Left Bank, is home to one of the most esteemed universities in the nation, Harvard that is (also the oldest institution of higher learning in the US!). It’s no surprise the area attracts academics, progressive culinary eateries, and vibrant galleries and boutiques. BusinessWeek named Cambridge the 6th most successful city for startup companies.

[caption id="attachment_489" align="aligncenter" width="300" caption="View of Cambridge; source: businessweek"]Condos in Cambridge[/caption]

MIT is generally known as Cambridge’s intellectual nerve center, aka the Silicon Valley of MA, and is considered home to the area's bio-tech industry. This Boston neighborhood is a hub of cutting-edge restaurants, privately-owned cafes and unique book stores, and it continues to draw bio-tech start-up firms to the area.

Kendall Square is another Cambridge neighborhood that boasts headquarters of major pharmaceutical companies (Boston’s Seaport neighborhood is trying to gain that reputation). At present, Kendall Square is a bustling place during the day, but quickly deserted at night after the professionals clear out – virtually a no man’s land. To make the area more robust after business hours, MIT is planning a much needed facelift by adding homes in Boston and creating a residential environment, so the professionals will live and work in the same neighborhood.

There are many unique areas in Cambridge with their own charm and personality, including Central Square, Harvard Square, Kendall Square, and MIT.  Although these distinct Boston neighborhoods are not located next to each other, there seems to be some connection and continuity from one to the other, for most part, that is.

And now the city is attempting to develop even more of a connection between its different areas, making Cambridge as a whole more cohesive. This new MIT project is very much a part of that effort. I’m looking forward to the results!

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