The General Services Administration is seeking partner from the private sector to redevelop the Volpe Center in exchange for majority ownership of the property.
GSA issued a request for information Tuesday to gather ideas from the real estate development community on an approach to refurbish the John A. Volpe National Transportation Systems Center property in Cambridge, Massachusetts.
GSA intends to form an agreement with a private developer using inputs from the responses.
“This innovative approach will allow us to partner with the private sector to get the most out of this land and create economic development opportunities,” said Dan Tangherlini, GSA administrator.
The agency plans to establish a transportation research facility within the Volpe center for the Transportation Department.
“This innovative opportunity will allow the U.S. Department of Transportation to strengthen the Volpe Center’s research capabilities at no cost to taxpayers, by finding new uses for existing property that will support development of a modern research facility,” said Victor Mendez, DOT deputy secretary.