0 Godfrey Hotel in Boston Set to Open its Doors

Boston Godfrey Hotel

Credit: Travel Weekly

DTX is getting its newest amenity online next week, The Godfrey Hotel opening at 505 Washington Street.

“The 242-room Godfrey Hotel Boston was redeveloped out of the adjoining Armory and Blake buildings in the city’s Downtown Crossing district, about a block east of Boston Common…This spring, the property will open a street-level cafe by George Howell Coffee, a local roaster. A 4,600-square-foot restaurant i scheduled to open this summer, but the Godfrey hasn’t announced the restaurateur yet,” according to TravelWeekly.

You can read more on Travel Weekly.

 

0 Back Bay Station Eyed for 1.4M Sq Ft. Mixed-use Development

165 Dartmouth Street retail space in Boston

Credit: Zillow

Back Bay Station is poised to become a destination location according to proposed plans by Boston Properties.

A recent BBJ article indicates the 1.4-million-square-foot mixed-use development is planned just above Back Bay Station and an adjacent parking garage at 165 Dartmouth St.

From the Boston Business Journal report:

“Boston Properties will invest significant capital into the 1970s-era garage and the station, resulting in a transit-oriented development which will integrate the project, the garage and the station into the Back Bay and surrounding neighborhoods.”

You can read more on the Boston Business Journal.

0 Winthrop Square Garage Project Faces Another Obstacle

Winthrop Square garage site

Credit: Boston Globe

The shuttered garage of Winthrop Square faces another hurdle in the quest for redevelopment.

According to the Boston Globe, “Shirley Kressel, filed [a] complaint Jan. 4 with the state attorney general [alleging] the city and its legal department have repeatedly violated municipal law in an effort to transfer the parking garage to the Boston Redevelopment Authority…Kressel is trying to block the transfer of the garage to the redevelopment authority because she fears the proceeds from the sale of taxpayer-owned land will go to the quasi-public agency. City councilors had an agreement with the redevelopment authority stipulating that the money would go into city coffers.”

You can read more on the latest hurdle facing the Winthrop Square redevelopment project on the Boston Globe’s website.

0 The Role of Acoustics in Commercial Design

Meter to meaure acoustics of office space

Credit: Boston Globe

The average rentable square feet occupied per person has dropped as more companies offer an open work environments with break out rooms for meetings an personal calls.  This has resulted in a new market for sound engineers trying to create the delicate balance of sound mitigation.  Too many hard surfaces wont absorb sound so the engineers use technology to assist with this.

This is where a company like Acentech Inc. can help. A Cambridge acoustics consulting firm that was once part of the famed tech pioneer BBN Technologies, Acentech uses sophisticated computer-generated audio simulations called “auralizations” that make it possible to hear a building before workers ever break ground.

“Auralization is acoustic rendering,” said Matthew Azevedo, an Acentech engineer. “An architect would never tell a developer ‘Here’s the floor plan, just imagine what it’s going to look like.’ Well, we feel the same about acoustics.”

“Architects love these big, open spaces with lots of glass and exposed steel and all these wonderful hard surfaces,” Azevedo said. “Our job is to make it behave acoustically like a theater.”

You can read more about Acentech and acoustic engineering in Boston office development on the Boston Globe.

0 Seaport ‘sausage parcel’ at 399 Congress sells for $36M

The sausage parcel in the Seaport sells for $36M. Where is this?

Sausage Parcel site in Boston Seaport

Credit: BBJ

According to the BBJ, “the 0.7-acre site at 399 Congress St. in Boston’s Seaport District…is a long, thinly shaped site — almost like a link of sausage — that’s sandwiched between the confluence of East Service Road, Congress Street and what’s now Boston Wharf Road in the Seaport.

You can read more about the Sausage Parcel site at 399 Congress on the Boston Business Journal, here.

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Seaport Office Space

0 Groundbreaking Commences on ‘The Hub on Causeway’

TD Garden office development

Credit: TD Garden

The North Station area of Boston shines bright with the groundbreaking by Delaware North and Boston Properties project.

According to TDGarden.com, “Delaware North and Boston Properties have formed a partnership to develop over 1.5 million square feet of mixed-use retail, office, hotel, residential and an expansion of TD Garden on the 2.5 acre site. This transit-oriented development is a significant investment that will bring substantial improvements to North Station, will create major economic impact for the area and strengthen the viability of this important district in the City of Boston.”

You can read the full article on TD.

0 Boston Office Market Maintains Impressive Growth

Boston real estate Innovation

Credit: JLL

Office rents continue Northward while vacancy works Southward in Boston’s office Market.  We will continue to see rent growth through 2016 as tenants continue to demand more space.

According to Globest, “the strong job market is fueling tenant demand and positive space absorption in Boston and surrounding areas such as Cambridge and the Route 128 markets. The office vacancy rate for Greater Boston ended 2015 at 12.1%, virtually flat as compared to year’s-end 2014. The average vacancy rate for 2015 was 12.2%, the lowest rate since 2002. Class A asking rents in the region rose to $42.06-per-square-foot. Asking rents haven’t been that high since 2002, Transwestern reports.”

You can read the full article on its website.

0 Boston Harbor Garage Towers Get The Red Light

As it stands now the city and state are at a no vote for the Harbor Garage development of 2 skyscrapers.

Boston Harbor garage plan

Credit: Bostino

From Banker and Tradesman:

A state official dealt a blow to Chiofaro Cos.’ plans to build two skyscrapers on Boston Harbor, siding with city officials in setting a maximum size of 900,000 square feet and height of 600 feet…Matthew Beaton, the secretary of energy and environmental affairs, backed the Boston Redevelopment Authority’s guidance for the maximum buildout on the 1.3-acre parcel currently occupied by an eight-story parking garage. Developer Donald Chiofaro has stated that his original proposal for two towers totaling 1.3 million square feet is the minimum for a financially viable project.

0 Boston Officials Mull Seaplane Service in Boston Harbor

Seaplane flys over harbor and office buildings

Credit: Kenmoreair

Seaplanes in Boston Harbor?  Well this could be one of the new commuter services being embraced by the city leadership.

According to a Boston Business Journal report, “Boston’s top economic development official said Thursday that the city will launch a waterfront planning effort intended to bring more programming and public access to the harbor while also opening the potential for commercial seaplane service in the years ahead…A waterfront plan would likely join with Imagine Boston 2030, the city’s first comprehensive master plan in the past five decades. It also comes during a construction boom throughout Boston, particularly throughout the South Boston waterfront.

You can read the full BBJ article on its website.

0 Checking in on Boston’s Innovation Economy

cambridge co working office space

WeWork Cambridge

Success and failures is measured more clearly with the benefit of time. Have a peak at how the innovative economy has performed in recent history on BetaBoston:

[Boston] startups [collected] $7.4 billion in funding this year — a 30 percent jump from 2014…[and] higher than any year since 2000, when dot-com mania pushed investment in Massachusetts startups above $10 billion, according to the financial data provider PitchBook. A single company in Cambridge, Moderna Therapeutics, announced a $450 million funding roundback in January — the biggest private funding infusion for a biotech startup ever.