Michael E. Traynor
Chief Development Officer
The City continues to work with Worcester Polytechnic Institute (WPI) to develop Gateway Park, a market-based brownfield redevelopment project located just north of the City's downtown core in Lincoln Square. A $40 million, 125,000 square foot research and development building was the first to open in Gateway Park in 2007, accompanied by an $11 million, 680-car parking garage. O'Connell Development Group Inc., operating as 50 Prescott Street LLC, broke ground in April 2011 on a second laboratory/office building at Gateway Park, a 92,000-square foot, $32 million construction that created 120 construction jobs and up to 140 permanent, full-time jobs. Tenants include Massachusetts Biomedical Initiatives (MBI), which will subtenant to Blue Sky Biotech, WPI Biomanufacturing Education and Training Center, WPI's Fire Protection Engineering Department and WPI School of Business to better serve growing demand for the part-time MBA program, now ranked first in the United States. This building is the second of four new life sciences/office buildings planned for Gateway Park. In addition, on June 25, 2012, WPI broke ground on an 89,000-square-foot LEED certified residence hall within Gateway Park.