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“City Approves Boston University’s Real Estate Strategy”

"City Approves Boston University's Real Estate Strategy"

According to a report from the Boston Business Journal, the board of the Boston Planning and Development Agency has given its approval for Boston University’s real estate plan for their Charles River campus through 2026. The plan includes significant updates to Warren Towers and Mugar Memorial Library, as well as the addition of a new school focused on global studies.

The renovations to Warren Towers will include upgrades to bathrooms and HVAC systems, as well as repairs to the building’s exterior. Additionally, after initially tabling it last month, the board has also approved plans for a large lab complex on Wentworth Institute of Technology property. Other projects that have received approval include two office-to-housing conversions and an apartment building with 236 units behind South Boston’s convention center by Jones Street Investment Partners.

This approval is specifically for BU’s institutional master plan which typically covers a period of ten years. However, in this case BU requested an interim version in order give their new president Mellisa Gilliam time to develop her vision for campus development.

Overall this news highlights BU’s commitment towards enhancing its facilities while also considering future growth opportunities within city limits.

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