Graduate residence hall proceedsOfficial Institute statement on NW35Following the March 30, 2006, meeting of the NW35 Stakeholders Committee, MIT has decided to move forward with the construction of the NW35 Graduate Residence Hall. Graduate students, faculty and MIT administrators have been diligently working together in subcommittees to determine recommendations to be presented to the NW35 Stakeholders Committee. At the March 30, 2006, meeting of the NW35 Stakeholders Committee, the Space Subcommittee presented its recommendations on program, programmatic spaces and room types. Additionally, at this March 30, 2006, meeting, statements of intent regarding rent structure were made. Highlights of these recommendations and statements of intent are presented below. The program for NW35 calls for generous programmatic spaces for fostering community and unit types which include a diversity of options (i.e. efficiencies, two-bedroom apartments, three-bedroom apartments, and three-bedroom "lite" units without kitchens or living rooms). The diversity of room types provides graduate students with a wide range of financial options. A summary of the program highlights as specified in the Space Subcommittee recommendation is listed below:
In regard to the rent structure of the NW35 Graduate Residence, it is the intent of the Stakeholders' Committee that MIT strive for a break-even date of 2020 (i.e., the date when rents in NW35 will be able to pay fully for the yearly mortgage and direct operating costs). Furthermore, it is intended that the rent structure of NW35 fully accommodate its own construction and operation costs. Finally in regard to the rent structure, it is intended that the rents to be charged in the pilot program of three-bedroom "lite" units be significantly less than those charged for the two-bedroom units. As MIT moves to the next phase of the NW35 project, it seeks to continue the collaboration between students, faculty and administrators. The mandate of the Stakeholders Committee itself explicitly continues throughout the construction phase, and it is intended that new committees that arise in the course of the construction phase, including any smaller group that must deal with specific construction issues on a potential faster time-scale, will include student and faculty representatives. All students and faculty members of the Stakeholders Committee will be kept apprised of any relevant issues or activities as soon as possible. For more information:
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TOOLSRELATEDNW35 Community Space and Room Types Subcommittee - Report to the NW35 Stakeholders' Committee (PDF) - March 30, 2006 NW35 Graduate Dorm Project - MIT Student Life - Priorities & Initiatives |