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Jan. 10 update on status of One Broadway: Re-occupancy

Please note: To access communications after Jan. 11, 2007, as well as full archives, please refer to the MITIMCO web site for One Broadway

The memo below, the latest update on One Broadway, was sent Jan. 10 from Steven C. Marsh, managing director of real estate for the MIT Investment Management Company (MITIMCO), and Michael K. Owu, director of real estate for MITIMCO, to tenants and employees in One Broadway.

We are continuing to work diligently with city officials and other authorities to ensure the re-opening of One Broadway. Several procedural steps in the approval process have taken longer than we expected, which is why we have not yet issued a notice to re-occupy. We have already received some city approvals, and are hoping to receive the remaining approvals from city officials in the next day or two. As soon as this occurs, we will notify you immediately, schedule the tenant representative meeting as soon as possible thereafter, and begin re-occupancy of the building.

We apologize that we are unable to give you an exact date for re-occupancy at this time. We will notify you as soon as we have received formal approval from the appropriate city officials to re-occupy.

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