Groundbreaking takes place in Harvard Square

February 25, 2014 by  

A ground-breaking recently took place on Mount Auburn Street in Cambridge for a new building, 70,000 square feet in size, that will be completely leased to Harvard University.

No doubt the developer of the project, Richard Friedman, president and CEO of Carpenter Co. has been using a variety of printing services to let the community become aware of this project.

There will be a main building with retail and office space and a restaurant near the Charles Hotel, which Friedman built in the 1980s. The Conductor’s Building will also undergo a historic renovation. The cost of the development project is $65m.

Friedman’s company purchased property on Mount Auburn Street adjacent to the Charles Hotel in 2012 so as to have control of the entire block. The company then purchased the property on which the Conductor’s Building stands for $4m from the Newton-based Bulfinch Cos., and another parcel adjacent to that in 2007 from the MBTA for $3.2 million.

Friedman is excited that he will be able to fix up the Conductor’s Building, which is one of the Red Line’s oldest original structures. The renovation is expected to put what was once an excess MBTA property to productive use and make one of the sections of Harvard Square more attractive.

The architect for the project is Elkus Manfredi of Boston and Tishman Construction is the general contractor.