Kendall Square is a 10-acre, award-winning, master-planned development growing into a community of world-class office and lab space, beautiful apartment towers, restaurants, and retail shopping linked together by 2 1/2 acres of lush, landscaped open space. In the winter, the 8,400-square-foot skating rink is open seven days a week, while in warmer weather residents gather on open plazas for concerts, lunch, a farmer’s market, a canoe/kayak rental, and more.
The development is located one block north of the “square” and includes a mixed-use “live, work, play” community that is comprised of parks, an ice rink, a farmers market, and a recreational boating basin through a series of office, lab, residential and retail buildings. The buildings within the development have won numerous design awards including the AIA California Council’s 2004 Architectural Design Merit Award and the Boston Society of Architects’ 2004 Interior Architecture/Interior Design Honor Award.
This vibrant neighborhood is located in Cambridge, Massachusetts in the Greater Boston area, with the “square” itself at the intersection of Main Street, Broadway, Wadsworth Street, and Third Street (immediately to the east of the secondary entrance of the Kendall/MIT subway station). It may also refer to the business district located south of Binney Street, east of Portland Street, northwest of the Charles River and north of MIT. One Kendall Square is located half a mile to the west of the traditional location of Kendall Square, between Broadway and Binney Street (on the other side of Kendall Square Theatre).
High-tech firms are lured by the proximity of the Massachusetts Institute of Technology (MIT). MIT owns some of the commercial real estate in the square and has been actively constructing space for new high-tech tenants as well as rebuilding its own facilities fronting Main Street. Nearby MIT facilities include the MIT Sloan School of Management along with many other buildings on the eastern end of the MIT campus. The MIT Press Bookstore is a regional attraction, offering a complete selection of press titles, a large selection of complementary works from academic and trade publishers, numerous magazines and academic journals available for browsing and retail purchase.
A number of high-tech firms are housed in two high-level office complex parks located at One Kendall Square and Technology Square which are about half a mile west of the traditional location of Kendall Square. The Cambridge Innovation Center office development is also in the area at the Kendall Square intersection. The Center has a shared office space for startups and venture capital firms and is currently occupied by almost four hundred businesses.
Restaurants include The Friendly Toast, Tommy Doyle’s Irish Pub & Restaurant, Cambridge Brewing Company and Legal Sea Foods, all popular settings for business gatherings. A food plaza located on the first floor of the Marriott Hotel, and food trucks parked in lots near the corner of Main and Vassar Street sell fast food at low prices, with a variety of cuisines (such as Asian, Italian, Mexican) to choose from.
Many of the new residential units in the area are upscale. However, to ensure that the properties in the area are reasonably priced along with encouraging diversity in the community, all new developments in Cambridge must have 15 percent of their units designated as affordable. New resident Michael Reich, a Harvard Business School student and entrepreneur, was drawn to the neighborhood because of available start-up office space. He said he is more than content with his home at the Watermark, which features a Zen garden and dramatic views of Boston, and is planning on staying here for many years to come.
๑۩๑Ed Greable Realtor๑۩๑