Boston – Wentworth Institute of Technology announced it has selected Huntington Development Group (HDG) to develop a mixed-use life sciences project at 500 Huntington Ave. Huntington Development Group is a joint venture of The Fallon Company, Owens Companies and Waldwin Development Company.
“This project will play a key role in securing the university’s future as a cutting-edge, hands-on center for educational opportunity, and we are thrilled to partner with Huntington Development Group to make it happen,” said Wentworth president, Mark A. Thompson. “This is an endeavor that will have a tremendously positive impact on our students and the surrounding community, particularly Mission Hill and Fenway, so it is important to work with a team with deep ties to and intimate knowledge of the local real estate landscape and a track record of delivering transformational projects.”
Plans call for an approximately 640,000sf mixed-use life sciences facility with retail and restaurant space. The project will also feature publicly accessible open space for the community and Wentworth students, faculty and staff.
More than 100 Wentworth students are expected to be employed in cooperative learning (co-op) opportunities during the planning and construction process, with expectations that the completed project will provide 1,900 construction and 1,500 full-time job opportunities. The development is also expected to attract leading-edge industries seeking direct access to students in a thriving part of the city.
“Huntington Development Group is committed to making the development of 500 Huntington a truly game-changing project for Wentworth, the neighborhood, and the broader community,” said Owens Companies president, Edward Owens, Jr. “When complete, our mixed-use project will help Wentworth advance its promise to deliver new learning opportunities, enhanced on-campus experiences and next-generation partnerships to its student body, while bringing commercial, retail, restaurants and open space to the neighborhood.”