The Mathworks Breaks Ground On Expansion
Photo/Courtesy
Mathworks plans to purchase a building within its complex, then construct a new separate office and accompanying parking facility.
Officials with Natick-based The Mathworks are beginning the long-awaited expansion of their Route 9 complex, which they say will add about 600 jobs at the complex.
The expansion has two major aspects. One is that Mathworks is set to purchase the third building in their headquarter’s three-building complex. Mathworks already owns the other two buildings on Appple Hill Drive.
The company is also in the final design phases of a new, 166,000-square-foot office building and adjoining parking garage at its site. Light construction work has already begun on that project, including erecting large trees to shield the construction from neighbors.
“We’re really looking to the future with this work,” said Mathworks spokesperson David Smith. “We want to stay in Natick, it’s a great place for our headquarters, and we’re expecting growth in the future. So this is going to keep up here and allow us to grow for a long time.”
Smith estimates the new construction and purchase of the Apple Hill Drive Three office building will total about $100 million.
According to state land records, Atlantic-Philadelphia Realty LLC, which is based in Framingham, owns the building. Smith said the building is shared with other tenants and has some vacant space, but it is mostly used for Mathworks.
Mathworks officials have been working on the planning and design of the project for years, including through an approval process with the town. The company had to apply for a special permit from the town to increase the density of construction that is allowed on the parcel.
WBJ Web Partners
Most Recent
Most Recent
0 Comments