Construction projects in the Boston area
A team of investors backed by Earvin Magic Johnson relaunched the project in October 2011. Work on the 44-acre property in East Cambridge stalled in 2007 due to legal and financial issues. The $2 billion project now plans for glass-walled residential and office towers with parks and a plaza with restaurants, a new transit station, and a year-round public food market.
The project, which could begin in summer 2013, will include 2,900 residences, 2 million square feet of laboratory and office buildings, and 200,000 square feet of retail space.