Downtown Boston Business Improvement District Rebrands The Downtown Business Improvement District will now go by the name the Downtown Business Alliance. According to the organization's leaders, this moniker is a modern, more welcoming, and less stuffy way of referring to the neighborhood. The Downtown Business Improvement District is the latest BID to change the name that...read more.
Developer Puts 27-Story Back Bay Station Tower on Hold Amidst the booming construction market in the Greater Boston area, one of the challenges that many developers have had to deal with is the rising construction costs. The latest developer to feel the impact of the rising costs has been BXP Inc., a publicly traded real estate investment trust. The company recently put out a statement...read more.
Jones Day Set to be First Tenant at South Station Tower Moving into a new place always brings an exciting opportunity for both the tenant and the landlord/developer. For the tenant, it is a chance to explore new features and possibly a change of scenery, while for the developer, it is a chance to see your hard work bear fruits and finally start making some returns on your investments...read more.
Suffolk Downs Real Estate & Condo Update 2024 The Dog Park @ The Yard are ideally located just next to Amaya, which is famously known as Suffolks Downs’ first residential building. What makes the space a great chill out spot is that it is open to community members and the general public. This makes it a great spot to socialize and get to the neighborhood and the community better...read more.
New Movie Studio Campus Proposed for 123 Acres in Braintree Since starting a tax incentive program in 2006, Massachusetts has been actively working to bring movie and TV production to the state. It appears that a Boston-based developer is taking advantage of the perks. RISE, a development and construction management...read more.
BPDA Issues Request for Proposals for Charlestown Parking Lot Redevelopment Another sizable parking lot in the city of Boston is about to undergo major changes. Last week, the Boston Planning and Development Agency released a request for proposals for the redevelopment of a section of the Rutherford Corridor. The RFP features...read more.
Chicago Investment Firm Acquires Assembly Row Apartment Complex for $188 Million With demand continuing to outpace supply across Greater Boston, opportunities to acquire major residential development have been few and far between. However, a Chicago-based investment firm recently had some success. The investor in question...read more.
Boston Leads U.S. in Lab Construction, Solidifying Status as a World Leader in Life Sciences With more than 62 million square feet of lab space under construction or proposal as of early April, Boston now officially tops the Bay Area as the largest life science hub in the nation. In addition to boasting millions of square feet of existing life science real estate...read more.
Demolition Begins at Site of New Apartment Development in Revere More significant changes are underway along the Revere waterfront. Last week, demolition started at the site of an upcoming mixed-use development planned for 22 Whitin Avenue. The developer, Redgate Capital Partners, has already developed several other large residential...read more.
With Purchase of Tewksbury Country Club, Tree House Brewing Sets Sights on Greater Boston In the largest lease signing so far in 2022, One Congress – the tallest new office building in Boston since the 1980s – has been fully leased months before construction is complete. On May 3, InterSystems Corp. announced that it would move its headquarters from East Cambridge...read more.
One Congress Fully Leased with Signing of InterSystems Lease In the largest lease signing so far in 2022, One Congress – the tallest new office building in Boston since the 1980s – has been fully leased months before construction is complete. On May 3, InterSystems Corp. announced that it would move its headquarters from East Cambridge to the new tower, doubling the amount of space it leases. In signing the lease, the rapidly growing...read more.
Newton Considering its Own BERDO Mandate for Large Buildings The city of Newton took its first step toward implementing its own version of BERDO, the net-zero emissions mandate for large buildings adopted by Boston in 2013, at a recent council meeting. On March 21, members of the Newton Citizens Commission on Energy, also known as NCCE, presented their initial plan for the proposed mandate. According to Bill Ferguson...read more.
Proposed North Atlantic Rail Could Help Enhance Northeast Economy The bipartisan infrastructure bill signed into law back in November could pave the way for the development of the long-anticipated North Atlantic Rail. This high-speed, high-performance regional rail network could deliver many...read more.
BPDA Approves Lab Conversion for Former WeWork Location Near South Station Just a handful of years ago, it seemed like WeWork had a permanent toehold in the city of Boston. Today, one of the co-working company’s most important sites in the city is poised for conversion into lab space...read more.
Fenway Corners Development: 13 Parcels Across 4 City Blocks In a filing with the BPDA on February 7, 2022, the developer behind a major Fenway project updated the city on changes to its original plans. WS Development, the real estate branch of Fenway Sports Group and the D’Angelo family, has tweaked its initial plans for the 5.3-acre site near Fenway Park in response to feedback from city officials and the general public...read more.