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Cross Point (Lowell, Massachusetts)
Cross Point is an office complex in Lowell, Massachusetts. Formerly named Wang Towers, it is a local landmark, dominating the busy intersection of Interstate 495 (the Boston outer ring road) and U.S. Route 3. It is the third-tallest building in Lowell, after Three River Place and the Kenneth R. Fox Student Union at UMass Lowell. The complex, consisting of three interconnected cement-clad 12-storey towers and other buildings totaling over situated on , was built by original sole tenant Wang Laboratories as its new world headquarters. Construction began in 1980, and it was completed in stages at a cost of (about $ in current dollars). The buildings served as a demonstration of the rise of Wang Labs and the Boston-area computer technology industry generally, and later as a sign of the rapid fall of the company and industry: Wang Labs entered bankruptcy in 1992, and the property was sold at bankruptcy auction in 1994 for a tiny fraction of its construction cost – $525,000 (ab ...
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Class A Office Space
An office is a space where an organization's employees perform administrative work in order to support and realize objects and goals of the organization. The word "office" may also denote a position within an organization with specific duties attached to it (see officer, office-holder, official); the latter is in fact an earlier usage, office as place originally referring to the location of one's duty. When used as an adjective, the term "office" may refer to business-related tasks. In law, a company or organization has offices in any place where it has an official presence, even if that presence consists of (for example) a storage silo rather than an establishment with desk-and- chair. An office is also an architectural and design phenomenon: ranging from a small office such as a bench in the corner of a small business of extremely small size (see small office/home office), through entire floors of buildings, up to and including massive buildings dedicated entirely to ...
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Public Sector Pension Investment Board
The Public Sector Pension Investment Board (PSP Investments) is a Canadian Crown corporation established by an act of Parliament in September 1999. PSP Investments is one of Canada's largest pension investment managers, with CAD $204.5 billion of net assets under management as at March 31, 2021. It invests funds for the pension plans of the Public Service, the Canadian Armed Forces, the Royal Canadian Mounted Police and the Reserve Force. More than 1000 professionals manage a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt. PSP Investments' head office is located in Ottawa, Ontario, and its chief business office is located in Montreal, Quebec. It also has offices in New York City, London and Hong Kong. History PSP Investments was incorporated as a Crown corporation under the ''Public Sector Pension Investment Board Act'' in 1999. The investments will fund retirement be ...
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Lowell, Massachusetts
Lowell () is a city in Massachusetts, in the United States. Alongside Cambridge, It is one of two traditional seats of Middlesex County. With an estimated population of 115,554 in 2020, it was the fifth most populous city in Massachusetts as of the last census, and the third most populous in the Boston metropolitan statistical area. The city also is part of a smaller Massachusetts statistical area, called Greater Lowell, and of New England's Merrimack Valley region. Incorporated in 1826 to serve as a mill town, Lowell was named after Francis Cabot Lowell, a local figure in the Industrial Revolution. The city became known as the cradle of the American Industrial Revolution because of its textile mills and factories. Many of Lowell's historic manufacturing sites were later preserved by the National Park Service to create Lowell National Historical Park. During the Cambodian genocide (1975–1979), the city took in an influx of refugees, leading to a Cambodia Town and Americ ...
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Interstate 495 (Massachusetts)
Interstate 495 (I-495) is an List of auxiliary Interstate Highways, auxiliary route of Interstate 95 in Massachusetts, I-95 in the U.S. state of Massachusetts, maintained by the Massachusetts Department of Transportation (MassDOT). Spanning , it is the second-longest auxiliary route in the Interstate Highway System, being roughly shorter than Interstate 476 (Pennsylvania), I-476 in Pennsylvania. Serving as one of two Ring road, beltways (the other being Massachusetts Route 128, Route 128) that forms a semicircle around Boston, and being the "outer" beltway, I-495 has its northern terminus in Salisbury, Massachusetts, Salisbury, where it splits from I-95. Its route forms an arc with an approximately radius around the city, and intersects seven additional radial Controlled-access highway, expressways: Interstate 93, I-93, U.S. Route 3 (US-3), Massachusetts Route 2, Route 2, Interstate 290 (Massachusetts), I-290, I-90 (the Massachusetts Turnpike), Massachusetts Route 24, Route 24, ...
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Boston
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- most populous city in the country. The city boundaries encompass an area of about and a population of 675,647 as of 2020. It is the seat of Suffolk County (although the county government was disbanded on July 1, 1999). The city is the economic and cultural anchor of a substantially larger metropolitan area known as Greater Boston, a metropolitan statistical area (MSA) home to a census-estimated 4.8 million people in 2016 and ranking as the tenth-largest MSA in the country. A broader combined statistical area (CSA), generally corresponding to the commuting area and including Providence, Rhode Island, is home to approximately 8.2 million people, making it the sixth most populous in the United States. Boston is one of the oldest ...
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Ring Road
A ring road (also known as circular road, beltline, beltway, circumferential (high)way, loop, bypass or orbital) is a road or a series of connected roads encircling a town, city, or country. The most common purpose of a ring road is to assist in reducing traffic volumes in the urban centre, such as by offering an alternate route around the city for drivers who do not need to stop in the city core. Ring roads can also serve to connect suburbs to each other, allowing efficient travel between them. Nomenclature The name "ring road" is used for the majority of metropolitan circumferential routes in Europe, such as the Bundesautobahn 10, Berliner Ring, the Brussels Ring, the A10 motorway (Netherlands), Amsterdam Ring, the Boulevard Périphérique around Paris and the Leeds Leeds Inner Ring Road, Inner and Leeds Outer Ring Road, Outer ring roads. Australia, Pakistan and India also use the term ring road, as in Melbourne's M80 Ring Road, Melbourne, Western Ring Road, Lahore's Lahore ...
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Three River Place
3 is a number, numeral, and glyph. 3, three, or III may also refer to: * AD 3, the third year of the AD era * 3 BC, the third year before the AD era * March, the third month Books * ''Three of Them'' (Russian: ', literally, "three"), a 1901 novel by Maksim Gorky * ''Three'', a 1946 novel by William Sansom * ''Three'', a 1970 novel by Sylvia Ashton-Warner * ''Three'' (novel), a 2003 suspense novel by Ted Dekker * ''Three'' (comics), a graphic novel by Kieron Gillen. * ''3'', a 2004 novel by Julie Hilden * ''Three'', a collection of three plays by Lillian Hellman * ''Three By Flannery O'Connor'', collection Flannery O'Connor bibliography Brands * 3 (telecommunications), a global telecommunications brand ** 3Arena, indoor amphitheatre in Ireland operating with the "3" brand ** 3 Hong Kong, telecommunications company operating in Hong Kong ** Three Australia, Australian telecommunications company ** Three Ireland, Irish telecommunications company ** Three UK, British telecom ...
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Kenneth R
Kenneth is an English given name and surname. The name is an Anglicised form of two entirely different Gaelic personal names: ''Cainnech'' and '' Cináed''. The modern Gaelic form of ''Cainnech'' is ''Coinneach''; the name was derived from a byname meaning "handsome", "comely". A short form of ''Kenneth'' is '' Ken''. Etymology The second part of the name ''Cinaed'' is derived either from the Celtic ''*aidhu'', meaning "fire", or else Brittonic ''jʉ:ð'' meaning "lord". People :''(see also Ken (name) and Kenny)'' Places In the United States: * Kenneth, Indiana * Kenneth, Minnesota * Kenneth City, Florida In Scotland: * Inch Kenneth, an island off the west coast of the Isle of Mull Other * "What's the Frequency, Kenneth?", a song by R.E.M. * Hurricane Kenneth * Cyclone Kenneth Intense Tropical Cyclone Kenneth was the strongest tropical cyclone to make landfall in Mozambique since modern records began. The cyclone also caused significant damage in the Comoro Islands and ...
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University Of Massachusetts Lowell
The University of Massachusetts Lowell (UMass Lowell and UML) is a public research university in Lowell, Massachusetts, with a satellite campus in Haverhill, Massachusetts. It is the northernmost member of the University of Massachusetts public university system and has been accredited by the New England Commission of Higher Education (NECHE) since 1975. With 1,110 faculty members and over 18,000 students, it is the largest university in the Merrimack Valley and the second-largest public institution in the state. It is classified among "R2: Doctoral Universities – High research activity". The university offers 120 bachelor's degree, 43 master's degree, and 25 doctoral degree programs, including nationally recognized programs in engineering, criminal justice, education, music, science, and technology. The university is one of the few public universities in the United States to offer accredited undergraduate degrees in meteorology, sound recording technology, nuclear engineering ...
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Wang Laboratories
Wang Laboratories was a US computer company founded in 1951 by An Wang and G. Y. Chu. The company was successively headquartered in Cambridge, Massachusetts (1954–1963), Tewksbury, Massachusetts (1963–1976), and finally in Lowell, Massachusetts (1976–1997). At its peak in the 1980s, Wang Laboratories had annual revenues of US$3 billion and employed over 33,000 people. It was one of the leading companies during the time of the Massachusetts Miracle. The company was directed by An Wang, who was described as an "indispensable leader" and played a personal role in setting business and product strategy until his death in 1990. The company went through transitions between different product lines, beginning with typesetters, calculators, and word processors, then adding computers, copiers, and laser printers. Wang Laboratories filed for bankruptcy protection in August 1992. After emerging from bankruptcy, the company changed its name to Wang Global. It was acquired by Getronics of ...
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Massachusetts Miracle
The Massachusetts Miracle was a period of economic growth in Massachusetts during most of the 1980s. Before then, the state had been hit hard by deindustrialization and resulting unemployment. During the Miracle, the unemployment rate fell from more than 12% in 1975 to less than 3%, which was accompanied by tax reductions and a drastic increase in personal income. Initial growth The growth was heavily centered in financial services and high-tech industry (often driven by technology out of Harvard University and MIT), and within Boston and in its suburbs along Route 128. The expansion of the high tech industry along Route 128 has led to the name of the road being used as a nickname for the regional tech economy, much like Silicon Valley. Notable companies associated with the Miracle include Digital Equipment Corporation, Data General, Wang Laboratories, Prime Computer, Lotus Development Corporation and Apollo Computer. Michael Dukakis was Governor of Massachusetts during most ...
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Dot-com Bubble
The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 400%, only to fall 78% from its peak by October 2002, giving up all its gains during the bubble. During the dot-com crash, many online shopping companies, such as Pets.com, Webvan, and Boo.com, as well as several communication companies, such as Worldcom, NorthPoint Communications, and Global Crossing, failed and shut down. Some companies that survived, such as Amazon, lost large portions of their market capitalization, with Cisco Systems alone losing 80% of its stock value. Background Historically, the dot-com boom can be seen as similar to a number of other technology-inspired booms of the past including railroads in the 1840s, automobiles in the early 20th century, radio in the 1920s, television in the 19 ...
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