CIC to Double Its Space
[Updated and corrected, 1/20/10] The Cambridge Innovation Center (CIC), which provides office space and services to hundreds of technology startups at One Broadway in Cambridge, MA, has signed a 10-year lease with One Broadway’s owner, MIT, that will allow it to expand its footprint in the building from 86,000 square feet to 122,000 square feet, says CIC founder and CEO Tim Rowe. (The facility’s densest, most efficient “core” space will more than double, from 38,000 square feet to 95,000 square feet, Rowe says.) The space will include five more co-working areas similar to the Cambridge Co-working Center on the buildings’ tenth floor, including one “back to 1999” space with ping-pong tables as work desks, Rowe says. Outfitting the new space on the building’s second and third floors will cost approximately $6 million, Rowe told the Boston Globe.