0 Will MBTA’s Red and Blue Lines Ever Meet?

Posted on September 29, 2012 by Wil Catlin

Some say yes and some say no. The goal to have contiguous Subway transit moved forward a couple of steps and back one.

The Boston Globe reports progress, noting “supporters of a “Red-Blue Connector” appeared to gain a boost Thursday when the body controlling distribution of federal transportation aid in Greater Boston programmed $49 million to design the connector. The tunnel would extend the Blue Line a half-mile beneath Cambridge Street from its Government Center/Bowdoin terminus to meet the Red Line at Charles/MGH.”
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0 Flour Bakery to Open Back Bay Location

Posted on September 29, 2012 by Wil Catlin

131 Clarendon Street, which was acquired by Brookline Bank last year, will be home to Flour’s new location.

The Boston Herald provides some context on the cafe chain’s expansion, noting that “Flour…started on Washington Street in the South End in 2000, also has locations in the Fort Point neighborhood of South Boston’s Seaport District and in Central Square, Cambridge.”
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0 Frye Trots Out Newbury Street Store

Posted on September 29, 2012 by Wil Catlin

More boots to Newbury Street; the nation’s oldest continuously operated footwear brand, Frye Boots, is opening their 2nd U.S store on the corner of Newbury and Gloucester.

The Boston Globe is reporting that Frye Co. “plans to open a three-story flagship store on Newbury Street next spring. It will take over the space formerly occupied by Charley’s restaurant, which closed Sunday after being unable to negotiate a new lease with the building’s owner.”
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0 Local Eatery Expanding to the Financial District & Seaport

Posted on September 28, 2012 by Wil Catlin

Photo Credit: Neborestaurant.com

The famed local eatery, Nebo, is expanding to the Financial District/Seaport area with the addition of its second location at Boston Properties Atlantic Wharf location on Congress Street.

The BBJ reports that “the Italian sisters who launched nebo — North End Boston — on North Washington Street in Boston are opening a second location at Atlantic Wharf.”

Click through to read the full article on Nebo.

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0 Post Office Square Renovations Continue

Posted on September 28, 2012 by Wil Catlin

What’s changing in Post Office Square? The $40 million renovation of the former Verizon building at 185 Franklin Street which is a joint venture between Commonwealth Ventures and Kennedy associates.

A report in the Boston Business Journal confirmed the news, stating that “a$40 million renovation is set to begin on the former Verizon building at 185 Franklin St. in Boston’s Financial District.”

More information is available at the BBJ website.

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0 State Street, Channel Center to Add 33,000 Sq. Feet of Office Space

Posted on September 27, 2012 by Wil Catlin

Since Commonwealth Ventures has secured State Street for Channel Center their next focus will retail and rental apartments to cap off their 13 year project.

A report in The Boston Herald notes that “the State Street office project may effectively cap off Channel Center, but the developer still has work to do to bring more residents and retailers into the Fort Point Channel complex…renovations will begin soon in two buildings to create 39 apartments, 33,000 square feet of office space and additional storefronts.”

More information is available in the Boston Herald’s coverage of the Channel Center.

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0 Catalina Marketing Opening Offices in Boston’s Seaport

Posted on September 27, 2012 by Wil Catlin

Strong job growth continues in the Seaport District. Catalina will be triple its size when its move to 75,000 of space at 24 Farnsworth Street. Market rents have shot up in the past 18 months with Class B pricing now just over $40 per square foot.

Boston.com is reporting that the “Florida-based technology company is moving to Boston’s Seaport District, where it intends to triple its number of employees over the next several years.”

For more information, jump over to Boston.com for the full report.

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0 Prudential Leases Office Space in Boston’s Financial District

Posted on September 27, 2012 by Wil Catlin

Office Space at One International Place Boston

Photo Credit: NAI Hunneman via Boston Business Journal

Tenants continue to gravitate to the opportunities in the Financial District with vacancies just above 14 percent within the Class A market. Value opportunities still exist unlike Back Bay and the Seaport where vacancy rates are below 5 percent.

Thomas Grillo, Real Estate Editor at the Boston Business Journal is reporting that “Prudential Insurance Co. of America has leased 3,200 square feet of space at One International Place, the 46-story tower on the Rose Fitzgerald Kennedy Greenway in Boston.”

The full BBJ article is available on their website, here.

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0 Office Space in Boston’s Seaport, State Street in High Demand

Posted on September 27, 2012 by Wil Catlin

One Channel Center has secured its $170 million construction loan to build State Street’s 500,000 square foot headquarters. The Seaport continues to be a destination for companies both big and small with rents now firmly over the $40 asking price.

Dailyfinance.com reports that HFF “has arranged a $170 million construction loan for One Channel Center, a 500,000-square-foot office building currently under development by AREA Property Partners and Commonwealth Ventures in Boston’s Seaport District.”

For more on the transaction, continue on to dailyfinance.com’s full report.

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0 Another Building in Boston’s Financial District Reaches 100% Occupancy

Posted on September 20, 2012 by Wil Catlin

Photo Credit: Thomas Grillo, Real Estate Editor, Boston Business Journal

Another building in Boston achieves 100 percent occupancy in Boston’s Financial District.

According to the Boston Business Journal, “McKinsey & Co, a global consulting firm, is taking 35,000 square feet on 1 1/2 floors in Boston Properties’ 31-story glass tower..[while] Altisource, a mortgage services company, has also negotiated a deal to take nearly 12,000 square feet in the building.”

The two leases combine to bring occupancy of the Financial District building up to 100 percent.

Read the complete article on the Boston Business Journal’s web site.

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