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Looking back on the experience of real estate developers, the landscape of attempted collaborations on construction projects is rife with failure.
Real estate consultant Karen Backus, who specializes in working with universities and non-profits, presented members of the Work Team with 12 unsuccessful cases of co-development out of 15 projects on which her firm has consulted at a teach-in at Harvard Business School earlier this month.
Private firms may want to jump on any opportunities more aggressively than can a large university with a myriad stakeholders. Even when working with firms with similar goals, fostering scientific collaboration, as history shows, requires more than physically bringing together top researchers.
MIT’s University Park, developed in conjunction with the City of Cambridge and real estate developer Forest City Enterprises, won an urban design award for a project that integrates science facilities, housing, and green space.
Bringing in a new partner means that Harvard would need to integrate the goals of another institution with its own, and while the University has not yet proposed any specific partnerships, potential compromises are on the table.