Forest City Selling Stake in University Park

From the Globe, a report that Ohio-based Forest City Enterprises is selling a stake in University Park in Cambridgeport. Because of the UP project, Forest City has been a major developer and owner in our community for almost 20 years. Their bringing in another investor (Health Care REIT, Inc) means little in the day-to-day effect on the neighborhood, but could be interesting for other neighborhoods in Boston. According to the article, Boston has been and will remain a core market for Forest City. Some other details from the article:

As part of the deal disclosed yesterday, Forest City will retain 51 percent ownership of seven buildings involved in yesterday's transaction. University Park is a 2.3 million square foot development near the Massachusetts Institute of Technology and Central Square. The complex includes 10 buildings for biotechnology research, 674 residences, a 210-room hotel, and several stores.

(h/t to rwinters.com; image of University Park courtesy Forest City)

C-Port Scene: Wintry Mix Edition

The weather of the past week has certainly not been pretty, but it's a precursor to those moments when C-Port is at its most beautiful: the fleeting hours after a fresh snowfall, and before we get all angst-y about plowing and shoveling and parking.

This edition of the C-Port Scene series was captured by Flickr user Night Owl City over in University Park, where snow from a few years ago transformed the way we see the Simplex Wire & Cable Co. wire spool and the landscape elements.

Have interesting photos to share from the neighborhood? Make them part of this series! Upload the images to Flickr and tag them "Cambridgeport."