Source: Suffolk sell-off eyed – By Scott Van Voorhis, The Boston Herald
As Suffolk University looks to build a new downtown campus away from its long-time Beacon Hill home, some are urging the school to consider selling off its valuable real estate holdings in the historic neighorhood.
Hub developer John Ryan is lobbying the university to cash in on its valuable Beacon Hill properties and build a new campus core near Government Center.
Ryan, who put together the land on which the Federal Reserve tower and part of the Hancock complex was built, argues Suffolk could make a fortune – as much as $150 million – selling off its Beacon Hill real estate.
I’m not sure if he’s suggesting that Suffolk move into the Lindemann complex or simply replacing it (yeah, that might not go over so well with fans of Mr Rudolph …)
This would certainly give some vibrancy to that part of Cambridge Street, but the university is spread out, pretty far. Not sure if it could find enough real estate.