101 Tremont Street
|Typical Floor Size:||6,363 SF|
|Land Area:||0.15 AC|
Changes are coming to Copley Place, a 52-story tower to house rental apartments and condos. Currently there is no change to the existing office towers.
Bisnow is reporting that “Simon Property Groups $500M expansion of Copley Place–is advancing with the recent city approval of its revised plan to add rental apartments to the residential mix…Simon will build 433 rental apartments and 109 condos instead of 318 condos in the 625-foot, 52-story tower.”
Additional details are available online, here.
Related Property Listings
Copley Office Space for Lease
Yes people do live here. Some think of downtown as a place to work while others think of it as a place live, work and play.
In a Boston Herald article Greg Vasil, CEO of the Greater Boston Real Estate Board, noted the confluence of office, retail, and residential elements in Boston, “Downtown Crossing is on its way to becoming another ‘living district,’ where you have the amenity retail, such as the Walgreens superstore, Roche Brothers grocery store, as well as more fitness centers, retail and restaurants.”
The full Boston Herald article is available, here.
Our city is growing and adding more office, industrial, warehouse and retail space. This translates into construction jobs, followed by permanent jobs once the new facilities are built and occupied.
The local angle is detailed in the Boston Business Journal:
“The commercial real estate market’s continued rebound has pushed Massachusetts up two notches to 7th overall when it comes to construction spending among U.S. states, according to a new study by the NAIOP Research Foundation…Spending in the Bay State to build office, industrial, warehouse and retail space totaled $1.78 billion and supported 49,653 jobs in 2012, according to NAIOP.”
Follow the link for additional Boston Commercial Leasing Trends.
Is the commuter hub, South Station poised for a makeover? Well, yes. It seems that the Governor’s team is looking to make an upgrade of the 114-year old terminal.
According to a report on the Boston Business Journal, “Gov. Deval Patrick’s transportation spending plan includes an $850 million expansion of South Station…the architect’s rendering (right) appears to show the 114-year-old train terminal with its roof blown off, replaced by a glass canopy that stretches out to pedestrian walkways extending over the train platforms.”
The full article, along with additional renderings is available on the Boston Business Journal website.
Greater Boston is rich with new, creative business ideas that with nurturing, could grow into companies that will employ our educated workforce and give back to the greater community. To blossom, these business ideas need leadership and capital; Boston has both.
The challenge for startups then becomes how and when to hire professional management for your idea and when to raise capital to grow. What should you do? Surround yourself with smart people and take your idea on a road show with potential investors. Boston has a wealth of venture capital and private equity firms that are eager to partake in a great idea. Interview them, ask them the hard questions, but most importantly, believe in yourself.
Here’s a list of Boston area VC’s:
Another downtown office asset hits the sale block. This week it’s One Winthrop Square in Boston.
From the BBJ:
One Winthrop Square, a 114,000-square-foot office building in Boston’s Financial District, has been listed for sale by its Germany-based owner…Commercial real estate sources expect a relatively high value for One Winthrop Square in light of last month’s sale of One Liberty Square, the 13-story office building also in the Financial District.
Additional information on the listing of One Winthrop Sq. is available on the Boston Business Journal’s website
What your bank called? Walking down Boylston Street yesterday I couldn’t help but notice the temporary signs at the Sovereign Branch. Well, as we seen in the past, we will witness the retirement of another bank name today; Sovereign Bank will officially be called Santander from this point forth.
Some history about another Boston Bank, Bank of Boston.
This is not your corner drugstore, CVS will be opening a new 30,000 square foot store at South Station. CVS is among a number of new retailers going in at the Boston transportation hub.
The Boston Business Journal reported some details on the new South Station arrivals, stating “CVS was paying in the $40 range per square foot for a 30,000-square-foot space on two floors, while Tavern in the Square has locked up 780 square feet at $150 per square foot. Starbucks, with 150 square feet, and Barbara’s Bookstore, with 300 square feet, also are paying about $150 per square foot.”
The full BBJ article is available, here
Available Office Space
South Station and South Boston Office Space
Shark Tank, 160, PayPal Here, PayPal’s Boston incubator are the four standout items that are occurring at PayPal’s office at International Place. IP is no longer home to law firms, mutual fund companies, and accounting firms. Landlords have adapted to our new economy and rolled out the welcome mat.
A BBJ editorial observes, “while PayPal’s home base is in San Jose, California, the payments technology company’s Boston office continues to fill an important role…the group moved to a new 65,000-square-foot space, at International Place in the Financial District, more than doubling the size of PayPal’s previous office in Boston.”
For additional information on PayPal’s Boston Office or International Place in Boston, continue on to read the full Boston Business Journal article.