An amendment to the Foundry Demonstration Project Plan

.... 28 B. COMMUNITY PLANNING AND OUTREACH SINCE DECEMBER 2014 2930 C. ADVISORY COMMITTEE... .2930 C. CONTINUTED COMMUNITY OUTREACH........ ..2930 D. SUMMARY OF PROJECT APPROVAL STEPS .... ..3031 IX. APPENDICES.... ..3031 A. MARCH 17, 2014 POLICY ORDER RESOLUTION 0-16.. FOUNDRY SITE PLAN........... .3031 . 3031 C. APRIL 12, 2014 CITY AND CRA LETTER OF AGREEMENT... .3031 D. MAY 4, 2015 CAMBRIDGE CITY COUNCIL POLICY ORDER 0-3 [DIMINISHED PROCESS] E. MAY 4, 2015 CAMBRIDGE CITY COUNCIL POLICY ORDER 0-4 [LEASE DISPOSITI.................. .................3.031 MAY 4, 2015 CAMBRIDGE CITY COUNCIL POLICY ORDER 0-5 [DEMONSTRATION PLAN................ 3031 iv

Adopted May 4, 2015, Amended_

Introduction The purpose of this Demonstration Project Plan (Plan") is to serve as a guide for the redevelopment of the Foundry Building at 101 Rogers Street in Cambridge (the "Property" or the "Foundry") as a Demonstration Project (the "Project") under Chapter 121B of the Massachusetts General Laws, which the Cambridge Redevelopment Authority (the "CRA") will carry out in concert with the City of Cambridge (the "City").

The Project represents the opportunity not only to fulfill a compelling community need but also to serve as a demonstration of a development technique that could, if successful, be replicated elsewhere in the City and the Commonwealth. The Foundry was conveyed to the City as part of the consideration provided to the City in connection with a zoning amendment.

The zoning amendment now incorporated into the Cambridge Zoning Ordinance as Section 13.59.10 states a preference for municipal or community uses and requires that a minimum of 10,000 square feet (SF) of the Property's Gross Floor Area (GFA) be dedicated to educational, cultural or institutional uses as permitted under the Zoning Ordinance and at a time and in a form acceptable to the City.!

The Demonstration Project seeks to use the CRA's resources from a successful urban renewal venture to help better spread the benefits of Kendall Square to a broader sector of the Cambridge community for a demonstrated need that has been voiced by City officials and expressed as a community need by the public at large.

This type of public-interest redevelopment could prove to be a powerful new community development tool for the City of Cambridge or other cities, allowing for the primacy of community and City Council-defined objectives throughout a development, while leveraging the financial resources and development expertise of the CRA Redevelopment Authority to create a unique civic asset for the City's city's residents.

The Property is adjacent to the CRA's Kendall Square Urban Renewal Project

("KSURP"). Through the urban renewal process, Kendall Square has grown into an innovation district, home to some of the world's most visible companies and recognized as one of the most highly sought-after real estate markets in the United States.

Private redevelopment has flourished beyond the boundaries of the KSURP, creating a larger district of highly specialized technology and biotechnology companies. ' More specifically, Section 13.59.10 of the Cambridge Zoning Ordinance reads: "Any Final Development Plan shall provide for the transfer of ownership to the City of Cambridge of the existing building and lot identified as 101 Rogers Street (also known as 117 Rogers Street and as the Foundry Building) (Tax Parcel 27-82), with a preference for its use for municipal or community uses as generally set forth in Section 4.33 of the Table of Use Regulations, at least 10,000 square feet of which shall be devoted to educational, cultural or institutional uses listed in Section 4.33 of the Table of Use Regulations, at a time and in a form acceptable to the City.

Such transfer shall include the full development rights attendant to such lot at an FAR of 3.0 as generally permitted within the applicable PUD.

Upon the execution of such transfer of ownership, the PUD Permittee shall be entitled to 43,684 square feet of additional Gross Floor Area for non-residential or residential development within the approved Final Development Plan above that otherwise permitted through application of the FAR limitations set forth in the PUD-3A and 4C Districts, and if ownership of a portion of up to 5,254 square feet of the lot identified as 249 Third Street (Tax Parcel 27-76) is transferred to the City of Cambridge, upon the execution of such transfer of ownership, the PUD Permittee shall be entitled to additional Gross Floor Area, as well, equal to the product of 3 times the number of square feet of such portion of such lot.

Such Gross Floor Area may be included in the approved Final Development Plan, notwithstanding that such approval may precede the actual transfer of the property to the City." Also in Katz, Bruce and Julie Wagner. May 2014. "The Rise of Innovation ^ Kurtzman, Joel. 2014. Unleashing the Second American Century. Districts: A New Geography of Innovation in America". Metropolitan Policy Program at Brookings (www.brookings.edu/metro) 1 Foundry Building Central Kendall Square / Square Urban, Tech Sq. 1

Renewal Area/

- - / BOSTON 0.25 miles

Foundry Location Map

Not all of Cambridge's residents have access to these jobs, however. In the City of Cambridge, 13% of people live in poverty, and 26% of those over 25 years of age have less than four years of college. Poverty rates and unemployment rates are higher for those with less educational attainment.

Two neighborhoods near Kendall Square and the Foundry (Area 4 and Wellington-Harrington) have some of the highest rates of poverty for families, especially single parent families and children under 18 years of age.* With some of the highest commercial rents in the country, the start-up companies that contribute to the innovation economy are finding it more and more difficult to remain in the area.

Community-based activities also may not be able to obtain space subject to private market rents, and the availability of older industrial and office buildings is scarce. The real estate market has limited the range of occupations and local employment opportunities in Cambridge for workers without advanced degrees or technical training. Approximately 70% of the occupations in the City are in management, business, science, and the arts. 3 U.S. Census, 2012 American Community Survey 1-year Estimates. ^ Cook, Clifford.

January 21, 2013. "Poverty in Cambridge." Cambridge Community Development Department. S Farrell, Michael B. "Kendall Square Boom Time Squeeze out Start ups," Boston Globe: October 25, 2012. • U.S. Census, 2008-2-012 American Community Survey 5-year estimates.

2 From 2013-2014 Over the last year, the City and the CRA have held public forums in which the community has voiced support for redevelopment of the Property into an innovative multi-purpose center, creating a collaborative environment with a mix of cultural, educational, and commercial uses, consistent with the zoning requirements.