Photo Credit: Wikipedia
The Back Bay skyline is poised to change with the addition of 800,000 SF, mixed use project by Carpenter & Company at the Christian Science Plaza on Huntington Avenue. The Back Bay office market continues to be one of the tightest with vacancy rates ending 2012 just below 5.8% and Class A rents nearly $56.00 PSF.
An article on The Real Reporter notes “the 800,000 sf that can be produced on the two sites could be in the $650 million range and would in one expert’s view “be perfect” for a hospitality use or mixed-use project similar to the Charles River Hotel across the river in Harvard Square.”
Additional details about the project are available on The Real Reporter’s website.