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MIT Sloan Undertakes $250-Mil Building Project

CAMBRIDGE, MA-MIT's Sloan School of Management embarks on a $250-million development plan to consolidate and expand the school's campus. The project will be done in two phases and will be sited on MIT-owned property.

By Naomi Grossman | Updated on November 01, 2001

CAMBRIDGE, MA-Massachusetts Institute of Technology’s Sloan School of Management is moving ahead with a $250 million plan to develop a set of buildings on the MIT campus that will consolidate and expand the Sloan School’s space.

The site for the development is between Memorial Drive and Main Street with a courtyard overlooking the Charles River. It will occupy the current MIT Sloan parking lot and will require the relocation of the Dibner Institute for the History of Science and Technology currently housed at 38 Memorial Dr. in a three-story MIT building, which would be taken down under the plan.

Initial discussions on new building development were begun about four years ago. The school is currently spread throughout nine buildings on MIT’s campus and, according to a spokesperson for the school, “the goal is to have all faculties and disciplines in one place.” Lucinda Hill, director of Sloan’s capital projects adds that the school also needs more space. She tells GlobeSt.com that the development will be about 260,000 sf of space but she emphasizes that the design of the project is “still being worked out.”

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