Suffolk Unveils $50 Million 100MAG Facility in Roxbury
Suffolk has announced the $50 million 100MAG facility, which will serve as the center of its R&D and innovation ecosystem in artificial intelligence, robotics, and quantum technologies.
Suffolk has unveiled 100MAG, a new $50 million facility at its Roxbury headquarters campus that will serve as the center of its innovation ecosystem for artificial intelligence, robotics, quantum, and other emerging technologies.
In response to challenges in the construction industry such as rising costs, labor shortages, and increasing project complexity, Suffolk established the $50 million 100MAG facility at its Roxbury headquarters campus. The new facility combines planning, design, material procurement, construction, and building management processes under a single roof, bringing together investments in data, artificial intelligence, robotics, and quantum technologies.
John Fish, Chairman and CEO of the company, stated that the cost of building a structure today is higher than the value of the finished building, emphasizing that the industry needs to be more efficient and productive. 100MAG is positioned as an R&D center where field-focused ideas and external technologies are tested, developed, and standardized across the company.
Sources
- morningstar.com · Link