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Fan Pier November 21, 2021 Posted By: Boston City Properties MassMutual’s New Seaport District Tower Opens at Fan Pier Boulevard

Since its soft opening in October, 10 Fan Pier Boulevard in the Seaport hasn’t exactly been abuzz with swarms of employees. The $300 million, 17-story glass tower is being leased by Springfield-based MassMutual, which expected to welcome upwards of...read more.

Allston Yards Project November 16, 2021 Posted By: Boston City Properties Construction Begins on First Phase of Allston Yards Project

Construction of the first building of Allston Yards, a sprawling mixed-use project many years in the making, has begun. Building A, as the initial building is being called, will include 165 residential units and a brand-new Stop & Shop grocery store. Construction of the second building, slated for office and lab space, is expected to start in the third quarter of 2022...read more.

Fort Point Channel Life Science Office Building November 16, 2021 Posted By: Boston City Properties Future Life Science/Office Building on Fort Point Channel Under Permitting Process

As part of its ongoing efforts to expand its substantial footprint beyond Kendall Square, where developable space is at an all-time low, Alexandria Real Estate Equities has partnered with Newton-based National Development to construct a life science/office building at 15...read more.

CRE Investments November 16, 2021 Posted By: Boston City Properties Investments in CRE Could Rise Over Inflation Concerns – Here’s Why Boston Could Be a Hotspot

Since the onset of the pandemic in early 2020, prices for many common goods have noticeably increased. For everyday consumers, a decrease in spending power is a primary concern. Investors, however, have even more to worry about. During periods of high inflation...read more.

Chinatown Office Building November 15, 2021 Posted By: Boston City Properties Chinatown Office Building Up for Grabs: 25-29 Beach Street listed by Boston City Properties for $15m

With its prime location in the heart of Boston's vibrant Chinatown neighborhood, 25-29 Beach Street, currently on the market for $15 million, presents a rare opportunity for investors and developers alike. Built in 1920, the existing structure consists of a Class C...read more.

Fenway Hotel Buckminster November 15, 2021 Posted By: Boston City Properties Iconic Hotel Buckminster in Fenway Acquired by Major Life Science Developer

An iconic Fenway hotel where the plot to rig the 1919 World Series was hatched will soon be no more. On November 3, 2021, the historic Hotel Buckminster was acquired by IQHQ, Inc., the California-based REIT life science development firm already busy with numerous life science...read more.

109 Brookline November 3, 2021 Posted By: Boston City Properties Plans Underway for Redevelopment of 109 Brookline in Fenway

Further cementing Fenway’s designation as the second-largest life science cluster in Greater Boston, a San Diego-based commercial real estate developer will redevelop a prime parcel into a new, state-of-the-art mixed-use life science complex. IQHQ, the developer in question, will raze an existing three-story office/lab building at 109 Brookline Avenue to make...read more.

Boston Commercial Buildings October 27, 2021 Posted By: Boston City Properties Boston Expands Sustainability Requirements for Commercial Buildings

The city of Boston recently took steps to achieve its ambitious goal of producing net-zero carbon emissions by the year 2050 more quickly and efficiently. On Tuesday, October 5, acting Mayor Kim Janey signed an updated version of the city’s Building Emissions Reduction...read more.

SwitchPort October 27, 2021 Posted By: Boston City Properties SwitchPort Quincy: Large-Scale Mixed-Use Project Proposed Near Quincy Center T Station

An affiliate of Quincy-based FoxRock Properties is proposing a large-scale mixed-use project just south of the MBTA Quincy Center Red Line station. At the Quincy Planning Board’s September 8th meeting, FRP Quincy Development LLC pitched a proposal that would include the construction...read more.

Kendall Square Office Lab July 14, 2021 Posted By: Boston City Properties New Office-to-Lab Conversion Coming to Kendall Square Office Complex

Demand for prime life-science and laboratory space continues at a fever pitch across Greater Boston. Unlike many industries, the life sciences industry flourished during the pandemic, supercharging the region’s already robust biotech scene. With construction costs – and demand – at all-time highs...read more.

Boston Industrial Property July 14, 2021 Posted By: Boston City Properties Industrial Property Rents in Metro Boston Among Highest in Country

For some time now, residential real estate has been experiencing a boom that no one could have envisioned in the wake of a global pandemic. Boston has been no exception, but bidding wars aren’t just reserved for single-family homes and condos. According to a recent report, Boston...read more.

Quincy Downtown 300 Million Development July 12, 2021 Posted By: Boston City Properties Quincy Mayor Hopes to “Bring Downtown Back” with $300 Million Mixed-Use Development

Since his inauguration, Quincy Mayor Thomas Koch has promised to revive Quincy’s downtown through collaborations between public and private entities. Recently, he made a big step forward in that direction by announcing plans for a $300 million, 800,000-square-foot mixed-use...read more.

Brookline Coolidge Theater July 12, 2021 Posted By: Boston City Properties Green Light Given for Expansion of Brookline’s Coolidge Corner Theater

Long-awaited plans for expanding and improving the beloved Coolidge Corner Theater in downtown Brookline are about to become a reality. Recently, the theater announced that it has reached 85% of its $12.5 million capital campaign goal and plans to break ground on the project...read more.

Somerville Lab Boynton Yards April 24, 2021 Posted By: Boston City Properties Cambridge-Based VC Firm in Advanced Talks to Lease Somerville Lab at Boynton Yards

It’s been many years since any appreciable amount of lab space was routinely available at Kendall Square. Over the last few years, overflow from biotech firms seeking suitable space has poured into the Seaport District, which has emerged as the second-largest life sciences cluster...read more.

New Fenway Lab Space April 23, 2021 Posted By: Boston City Properties Developer Files Letter of Intent for New Fenway Lab Space

Just when you thought life science development couldn’t get busier in Boston’s Fenway neighborhood, a letter of intent recently filed by a major developer suggests otherwise. On March 5th, IQHQ, the life science development company that’s been busy on projects throughout Greater Boston for some time, filed a letter of intent with the Boston Planning and Development Agency...read more.

Crate and Barrel Back Bay April 21, 2021 Posted By: Boston City Properties Crate and Barrel in Back Bay to Be Razed for New Mixed-Use Project

More significant changes are just ahead for a popular section of Back Bay after a year that wreaked havoc on restaurants and retail establishments. In a filing to the Boston Planning and Development Agency On March 9th, Orlando-based Tavistock Development Co. outlined plans...read more.

Drizly Back Bay April 10, 2021 Posted By: Boston City Properties Drizly Relocating to New Headquarters, Remaining in Back Bay

Hot on the heels of its acquisition by Uber, Boston-based alcohol delivery service Drizly recently announced it would relocate to new subleased space shortly. However, the company’s new headquarters will remain in the Back Bay. Currently, Drizly’s headquarters are located at 334 Boylston Street. Soon, it will move into newly subleased office space at 501 Boylston Street...read more.

Peloton Middleborough April 10, 2021 Posted By: Boston City Properties Peloton Leases 75,000 Square Feet in Middleborough

With business booming more than ever in the wake of the pandemic, New York-based Peloton Interactive recently announced that it would lease 75,000 square feet of industrial warehouse space in Middleborough. Demand for the fitness company’s high-tech treadmills and stationary bicycles, which cost between $1,900 and more than $4,300, has spiked since the onset of the coronavirus pandemic...read more.

Seaport Movie Theater April 8, 2021 Posted By: Boston City Properties Upscale Seaport Movie Theater Closes

Citing the challenges brought on by the coronavirus pandemic, a movie theater in the Seaport District has shuttered its doors for good. In a March 15th statement, Kerasotes ShowPlace Icon theater and WS Development, the landlord for the property, announced the permanent closure of the ShowPlace Icon movie theater located at 60 Seaport Boulevard. The theater has been...read more.

Somerville Lab Space April 7, 2021 Posted By: Boston City Properties Longtime Family-Owned Somerville Site May Be Developed into Lab Space

In another sign that Somerville is quickly becoming Boston’s hottest new life sciences hub, a property that has been owned by the same family for over 100 years could likely be developed into lab space. During the first week of March, the property in question, located at...read more.

Boston Real Estate Five Years April 7, 2021 Posted By: Boston City Properties What Will Boston's Real Estate Market Look Like in Five Years?

After the rollercoaster ride that was 2020, Boston real estate watchers are experiencing a bit of whiplash at the moment. Now that 2021 is in full swing, optimism about residential and commercial real estate across Greater Boston is rising. With so many factors at play, including the exploding life sciences industry and the flight of homeowners from urban to suburban areas...read more.

Mattapan Development March 29, 2021 Posted By: Boston City Properties Construction Underway on New Mixed-Use Development in Mattapan

It's been a long time coming, but the highly anticipated Mattapan Station redevelopment project is underway. The initial letter of intent for the project, which will bring nearly 150 new residential units to the neighborhood, was filed in August 2017. The developers...read more.

Stack Street Charlestown March 10, 2021 Posted By: Boston City Properties Work Continues on 6 Stack Street in Charlestown

With landscape walls in place and concrete poured for second-story amenity space, the project at 6 Stack Street in Charlestown is starting to shape up. The site is part of the massive Hood Park redevelopment, which will ultimately include more than 1.7 million square feet of residential, office, lab and open space. The land at 6 Stack Street will feature a one-story...read more.

Salem Housing Market March 10, 2021 Posted By: Boston City Properties Housing Market in Salem Continues to Boom

Even before the COVID-19 pandemic struck, the housing market in Salem, MA, had been on an upward trajectory. Home values have been steadily increasing for some time, and inventory levels have remained relatively low. This lack of supply has prompted prices to increase even more, creating the perfect storm for a seller’s market. If you want to buy a home in this North Shore...read more.

Sky Everett Restaurant March 10, 2021 Posted By: Boston City Properties Sky Everett: Residential Tower with Rooftop Restaurant Proposed for Everett

A new residential tower being proposed in Everett will feature the tallest restaurant in New England if developers get the green light from the city. In late February, V10 Development and partners filed an initial proposal to develop a 21-story residential tower at 114 Spring Street...read more.

Newburyport Real Estate Market March 10, 2021 Posted By: Boston City Properties Newburyport Real Estate Market Booming

There’s never a dull moment in the world of Massachusetts real estate, and the situation in Newburyport is an excellent case in point. Over the last few years, real estate in this once sleepy North Shore city has been booming in every conceivable way. Home values have been steadily increasing for years, and they’ve shot up higher still recently. Many home listings generate multiple offers...read more.

Charlestown Navy Pier March 6, 2021 Posted By: Boston City Properties BPDA Reviewing Three Competing Bids for Charlestown Navy Pier Redevelopment

The redevelopment of Charlestown's Navy Pier continues. A few weeks ago, three competing bids for the redevelopment of Pier 5 were placed with the Boston Planning and Development Agency, and they are currently under review. Along with Building 108, Pier 5...read more.

Restaurant Industry March 6, 2021 Posted By: Boston City Properties Take-Out Restaurant Industry Booming in Wake of Pandemic

No one is immune from the effects of the COVID-19 pandemic. Still, the restaurant industry has been hit especially hard in most markets, with many popular dine-in chains temporarily or permanently shutting their doors. At the same time, though, the fast-casual, quick-serve sector of the industry has been experiencing boom times like never before. Another example of the strange...read more.

South Station Hotel March 6, 2021 Posted By: Boston City Properties Proposed Hotel Near South Station Pivoting to Residential

The COVID-19 pandemic is forcing changes across many major commercial real estate markets, and Boston’s is no exception. More than one year since the first lockdown orders were put into place, developers are scrambling to adjust plans for many pre-pandemic projects. A good case in point involves the boutique hotel that had been proposed by Hudson Group...read more.

Office Subleases March 5, 2021 Posted By: Boston City Properties Office Subleases Approach Record High in Boston

After several years of steadily increasing rents and dropping vacancy rates, it looks like Boston’s commercial real estate market has finally plateaued. A full year since the onset of the COVID-19 pandemic, office subleases have skyrocketed across the city. Although vaccines are now available, many employers reportedly don’t plan to return workers to offices any time soon...read more.

Kendall Square Project March 2, 2021 Posted By: Boston City Properties MIT Provides More Details of Massive Kendall Square Project at Former Volpe Site

Although construction won't begin for several years, MIT recently revealed more information about its huge Kendall Square redevelopment project. In a filing for a special permit with the city of Cambridge during the first week of February, the school shared a more detailed vision...read more.

Seaport Tower Amazon March 2, 2021 Posted By: Boston City Properties Amazon Expands Seaport Presence with New Seaport Tower Lease

The Seaport's already thriving Boston Seaport mixed-use development is about to welcome thousands of more Amazon employees. In late January, the e-commerce behemoth agreed to lease 630,000 square feet of new office space at One Boston Wharf Road...read more.

South Boston Power Plant March 2, 2021 Posted By: Boston City Properties Approval Granted for Major Redevelopment of South Boston Power Plant

The long-defunct Edison Power Plant, whose twin smokestacks have long served as a landmark for South Boston’s eastern gateway, will soon be a distant memory. On January 15, the Boston Planning and Development Agency approved a proposal for the former...read more.

Fenway Park Redevelopment March 2, 2021 Posted By: Boston City Properties Major Redevelopment, Including Eight New Buildings, Proposed Outside Fenway Park

Some of the most valuable real estate in Boston is about to get a big facelift. During the last week of January, a letter of intent was filed with the Boston Planning and Development Agency regarding the redevelopment of prime commercial real estate along...read more.

Abe and Louies March 2, 2021 Posted By: Boston City Properties New Project Planned for Space Above Abe & Louie's, Atlantic Fish Co. in Back Bay

Some of the most valuable real estate in Boston is about to get a big facelift. During the last week of January, a letter of intent was filed with the Boston Planning and Development Agency regarding the redevelopment of prime commercial real estate along...read more.

Lab Space Arsenal Yards March 2, 2021 Posted By: Boston City Properties Lab Space Underway at Arsenal Yards is On Spec

As construction begins on a significant new lab building at Arsenal Yards, Watertown is at the precipice of becoming Greater Boston's newest and most significant life science hotspot. In mid-January, construction of the laboratory building commenced on spec, meaning that no tenants have been leased for the property – a clear sign that developers aren't worried about filling...read more.

Cambridge City Council February 16, 2021 Posted By: Boston City Properties Cambridge City Council Approves New Lab Tower for Kendall Square

One of the last available developable parcels in Cambridge’s Kendall Square will soon be home to a new lab building. In late December, the city council unanimously approved the developer’s plans for the site, which was originally to be developed into a major performing arts center...read more.

Related Beal February 16, 2021 Posted By: Boston City Properties Related Beal Acquires Half of Seaport’s Innovation and Design Building

Significant changes are afoot for a massive building in the East Seaport. In mid-December, Related Beal announced that it had acquired 50% of the Innovation and Design Building. In a joint venture with the building’s owner, Atlanta-based Jamestown, Related Beal...read more.

Boston Biotech Capital February 16, 2021 Posted By: Boston City Properties Is Boston the Biotech Capital of the World?

In the wake of the COVID-19 pandemic, one thing is more evident than ever: Boston is the biotech capital of the world. While the virus wreaked havoc on the global economy, its emergence actually bolstered the city's life science industry even more. Last year, nearly $3.3 billion in NIH funding poured into Massachusetts – and billions of dollars more were secured through venture...read more.

Nantasket Beach February 16, 2021 Posted By: Boston City Properties Apartment Development Proposed for Former Paragon Park Site in Nantasket Beach

A Nantasket Beach property owner hopes to bring a new apartment development to a former South Shore amusement park site. In December, Chris Reale applied for a special permit to build The Dunes at Paragon Boardwalk, a proposed 140-unit apartment development...read more.

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