Harvard’s Massive Bet on Land Hits Harsh Real Estate Reality (1)

Feb. 25, 2026, 5:15 PM UTC

During his time as Harvard University’s president, Larry Summers outlined a bold plan to create an epicenter for scientific research befitting of the school’s prestigious stature.

Harvard had little room for growth in Cambridge, its home since the 1600s. But just across the Charles River sat Allston, a working-class Boston neighborhood where the university had assembled hundreds of acres of land. There, Summers envisioned developing a sort of Silicon Valley of the East — a worthy competitor to California’s Stanford University and the nearby Massachusetts Institute of Technology for high-tech innovation.

More than two decades later, that vision is unrealized. ...

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