0 Downtown Crossing Grocery Store to Open on April 29th

Downtown Crossing Boston

Credit: BBJ

On April 29th you will now be able to buy everything from shiitake mushrooms to fresh salmon at Downtown Crossing in Boston.  Roch Bros. Supermarket will be opening their 25,000 square foot store at 8 Summer Street with hours from 7 a.m. to 10 p.m. Monday through Saturday and 8 a.m. through 9 p.m. on Sundays.

Some background from the Boston Business Journal:

“The store will be the first supermarket in Boston’s Downtown Crossing neighborhood…[and] will employ 70 full-time and more than 200 part-time workers. Larry Baxter, an associate since 1983, will be store manager, while 16-year Roche Bros. veterans Marvin Alvarez and Krystle Bredeson will be assistant managers.

 

0 Downtown Boston Office Market spurred by Creative Service Firms

class a office space in Boston

Credit: B&T

Creative services firms are leading the charge into the Downtown market with their open floorplans.  The Class A and B office landlords are renovating their buildings to accommodate this change.  745 Atlantic Avenue has done an amazing job creating a cool vibe once you enter the lobby and move through the common areas of the building.  The new lobby give the feeling of an open loft combined with upmarket finishes.  In addition, ownership combined a “media infused map” showing the history of innovation of our city.

From a Banker & Tradesman editorial:

Ad agency Arnold Worldwide’s move from Back Bay to 125,000 square feet in the former Filene’s building last summer was a milestone for the Downtown Crossing office market, where the 60-story Millennium Tower Boston condos are the most potent symbol of the city’s development boom…But the Financial District, which contains more than half of Boston’s 63 million square feet of office space, is undergoing its own post-recession transformation. Architects, digital media shops and tech companies are responsible for some of the biggest lease deals of the year.

0 Ten Post Office Square Gets Update

10 Post Office Square office space in Boston, MA

Credit: Banker&Tradesman

10 Post Office Square is the latest acquisition by Synergy Investments that will be getting a makeover to attract today’s tech tenant. The price of $321 PSF was the winning number for the 82% leased asset which helps to anchor Post Office Square.

B&T notes, the makeover is designed to attract tech tenants with an updated lobby, new central reception area and conversion of lower-level space into a fitness center, bicycle storage and locker rooms, said Roger Breslin, senior vice president for leasing agent JLL. Collaborative workspaces and new food vendors are also planned…The 445,000-square-foot building is currently 82-percent leased.”

You can read the complete article on the modifications to 10 Post Office Square on Banker&Tradesman.

 

0 East Cambridge Office Space to Undergo Development

:64 Sidney Street, Cambridge office spaceChanges are on the move for East Cambridge, with a deal on the horizon for Vertex’s old HQ. According to the Boston Globe, “the deal will enable Biomed to begin renovating the buildings. They include two lab and office buildings at 200 Sidney St. and 40 Erie St., with a total of 239,000 square feet, that were leased to Vertex through this December, and another 21,000 square feet at 21 Erie St. that was leased to Vertex through May 2017.”

Follow the link to view available office space in East Cambridge, or the Kendall Square overview.

0 Post Office Square Offers Functional Tribute

Post Office Sq in Bostin in 1954

Post Office Square, 1954; Credit: Boston Globe

It starts with a vision for something better.  The city of Boston is a better place to live and work because of the efforts of Norman Leventhal.  Post Office Square wasn’t the jewel it is today back in the early ’80, rather an eyesore.  Thank you for all your efforts and vision that helped to make Boston what it is today.

An editorial on The Boston Globe includes the following excerpt:

Leventhal was a key player in Boston’s most recent great public-private construction project, the $15 billion Big Dig. As the project took root, he founded the Artery Business Committee, a group of downtown property owners and companies that kept watch on the project and shepherded it through times of political acrimony. He spent much of that time collecting feedback, making sure concerns were dealt with quickly.

“Norman made sure the project delivered on all its aspects,” said developer Tom O’Brien, who was the Boston Redevelopment Authority’s director during several years of Big Dig construction. “He made it a huge civic goal, and it totally changed the city.”

0 Boston Crowned Top City for Pedestrians

Boston ranks top city for pedestrians in walkscore

Credit: Walkscore

Boston in number 3 behind New York and San Francisco for most walkable cities. Walkscore.com has us with a score of 80 and following quote, “The Athens of America, Boston is a leader in technology and U.S universities including Harvard and MIT.”

Home to MBTA, the world’s first subway system and dubbed “The Walking City” Boston is a pedestrian’s perfect city. Bostonites can catch a Red Sox game at Fenway Park, or visit Boston Common, the oldest public park in the US.

The powerhouse investment firm, Fidelity Investments, solidified Boston’s spot in the Top 30 Most Economically Powerful Cities in the World. Healthcare professionals often relocate to Boston to work at Massachusetts General Hospital.

Top neighborhoods mentioned include Haymarket, Government Center and the North End.

https://www.redfin.com/how- walk-score-works

0 Government Center T Renovations at Halfway Point

The Government Center T Stop is at the hallway point in the renovation process.  The stop first opened with the Green Line in 1898 then added the Blue Line in 1916.  In 2013 the average weekday boarding’s was 10,828 and I expect most of those passengers are looking forward to the station reopening in 2016.

Govt Center T

One of the historic “Scollay Under” signs visible before closure; several more were uncovered during deconstruction of the 1963-built station – Source Wikipedia

Historic photo of Boston's Govt Center T Station

Riders at the then-newly renovated station in 1964 – Source Wikipedia

0 Belkin Bolsters Winthrop Square Development Team

Winthrop Square development

Credit: B&T

Jason Krebs might be the catalyst to build one of Boston’s newest office towers at Winthrop Square in the Financial District.

According to Banker&Tradesman, “Former Normandy Real Estate Partners executive Justin Krebs is teaming up with developer Steve Belkin to bolster Belkin’s attempts to build a 740-foot-tall skyscraper in downtown Boston…Belkin’s proposal is expected to be just one of several for the site which contains a four-story, 1,125-space parking garage that was closed in May 2013 due to its deteriorating condition.”

You can read the full B&T article, here.

0 Private Offices or Open Floor Plan?

Is your preference to have a private office or open plan?  Open is the current rage, but this may not rein true over the long haul.  Quiet zones, skype rooms and meeting rooms seem to be taking the place of the private office which leads to more common space and smaller personal space.

Boston open office space with cubicles

Credit: Boston Globe

From the Boston Globe:

Some 80 percent of offices these days are “open,” roughly defined as work spaces that minimize doors in favor of low (or no) partitions, shared desks, and a full-on view of any number of people at once, very often the boss included. There are two reasons for the format’s popularity. The first is the cost of real estate, says Jeffrey Tompkins, a partner at Boston architecture and interior design firm Spagnolo Gisness & Associates. Twenty-five years ago, he says, the standard allotment was 250 square feet per worker. Now it’s 160 to 190. Simple math says you can fit in more employees when you don’t need to work around walls.

The bigger driving factor, however, has been the pervasive idea that open offices encourage collaboration, spark creative conversation, and increase productivity. Since there’s really no such thing as a private conversation in many of these offices, they also serve to symbolize the modern, egalitarian workplace ideal: one big happy family that types together, eats together, and works through personal drama together. “I love the ability to know what’s going on with all the projects around me,” says Faith Marabella, the CEO and president of Wellesley Design Consultants, whose offices transitioned from mostly to fully open a few years back. “I also like the quick interactions that can happen. Everybody can lend a hand when needed and go back to individual tasks when things calm.” The open environment, she says, also lets less experienced staffers listen and learn.

 

0 Boston Commercial Real Estate Retrospective

Boston office buildings line the skyline

Credit: The Boston Globe

The city of Boston that is home to a wide variety of college, universities, professional sports team, hospitals and companies is changing.  We have created the Back Bay, built office tower and now adding more buildings to our skyline.  No longer are the tower views home to companies, but residences.

The Boston Globe has put together a retrospective, “A new age for an old town”, tracing the Hub’s commercial transformation. The article notes the following:

Today, Boston Properties, one of the city’s most prolific builders, is developing a 17-story office building on the final parcel within the Prudential complex. Meanwhile, the area around the Pru is exploding with new projects and proposals for hotels and towering residential buildings.

“It’s absolutely extraordinary,” said Bob Richards, a partner at Transwestern RBJ. “What’s driving it is the top-tier labor talent in industries like technology and life sciences. The young people who work for those companies want to live in an urban environment.”

Not coincidentally, the city’s population is rising more rapidly than it has in decades. The total head count rose by nearly 30,000 people, to about 646,000, between 2010 and 2013, according to the US Census Bureau. That’s more population growth in three years than Boston experienced in the 1980s and ’90s combined.