Author Archives: Wil Catlin

0 58-Story Project on Dalton Street to Include two 4 Season’s Hotels

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Boston will be home to two 4 Season’s hotels when Carpenter is done with the 58-story project on Dalton Street.

Christian Science plaza development in Boston

Credit: Boston Business Journal

From the BBJ:

Lot 1A is set to be the site of a 58-story tower with a hotel and restaurant as well as apartments, with open space planned for Lot 1B, according to documents filed with the Boston Redevelopment Authority in September 2013…a mid-rise tower is also planned on an adjacent parcel at 30 Dalton St., which an entity of Pritzger Realty Group of Chicago acquired in October for $21.9 million.

0 New ‘state of the art’ Juice and Coffee Bar coming to Kendall Square?

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Looking for a fresh new twist in Kendall?  Boston.eater.com posted an article on a mysterious “Craigslist job posting for a manager of a ‘brand new state of the art juice and coffee bar,’ that offered no name, location, or opening timeline…the posting suggests a focus on ‘all natural and organic’ ingredients sourced locally.”

inside Kendall square juice bar, Mother juice

Mother Juice in Kendall, courtesy of eater.com

In the meantime, visit Mother Juice @ 625 W Kendall Street, Cambridge.

0 North Station Offices to Resemble ‘Old Boston Garden’

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rendering of North Station office development

Credit: Banker&Tradesman

Boston Properties is on the move in North Station with a $10.9 million new site at 80 Causeway Street. Boston Properties plans to build 2-million square feet including low-rise offices with a familiar facade.

Banker & Tradesman reports “new renderings by Gensler Architects show a pair of office buildings facing Causeway Street including one with oversized windows resembling the exterior of the old Boston Garden, which was demolished in 1998…Boston Properties is partnering with the Jacobs family, owners of the TD Garden and Boston Bruins, on the mixed-use project.”

You can read more on the North Station Development on B&T.

 

0 N2 Corridor Courting New England Israeli Business Council

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office space outside of Boston at N2 Corridor

Credit: Boston Magazine

The town of Newton recently opened its doors to welcome the New England Israeli Business Council along with Governor Patrick, who had brought the council here to Newton.

Governor Patrick, along with the Israel Business Council and many members of the Newton business community attended an invite-only event to share what Boston’s Suburban innovation district, the N2 corridor, has to offer. With large companies such as CyberArck who have rooted their corporate offices in the heart of the N2 corridor in Newton, trust this move to be both critical and beneficial for their corporations.

The Newton/Needham area boasts convenience, lifestyle and most importantly, talent.

David Goodtree, a co-host of the event last week who represented the New England Israel Business Council, stated in Boston Magazine “businesses also want to be close to other talents, whether it’s engineers or sales people, or even other executives. They need more office space, and more affordable office space…that’s where the appeal of the N2 Corridor space comes in”, Goodtree argued. “It’s a prime destination for growth stage companies”.

Additional information on the N2 Corridor is available on the Boston Magazine.

0 Suburban Office Space Outside of Boston Draws Interest

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233 Cochituate Road, Framingham, MA

Office building in Boston suburbs

Moving out to the burbs, who would have thought?  With innovation and technology booming in the greater Boston area, Boston proper is running out of space. With arms wide open, the suburban market place is gearing up and ready to accommodate.

Posh areas have revitalized their sleepy town centers and have agreed that designating suburban land for commercial space must be done in order to utilize the real estate properly. There is a need for housing, there is a need for social adventure, and there is s definite need for space!

Northland Investment Corporations undertook this project as they saw the pressing needs and desires. Back in August, the Town of Waltham underwent a huge makeover, from its quiet town center now being primed to focus on luring the full lifestyle package changing the stereotype of the lethargic 1950’s old school, soda pop Main Street into a modern, young and vibrant center.  When the development of Marc at Moody and Main began many questioned the intent, but this is a great way to bring flair and affordability, convenience, and energy into the region. Situated just 7 miles from the heart of Boston with some of the best transportation in the country, is a plus. A true live, work, play environment has been achieved. With more and more influence and expansion the burbs are not heading back to sleep.
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0 100 Cambridge St. Has a Buyer

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100 Cambridge St office building in Boston

Office building at 100 Cambridge Street in Boston

100 Cambridge Street has a buyer.  Intercontinental is a Boston-based real estate firm that focuses on acquisitions, asset management, portfolio management, finance, development, construction management and property management.

From TheRealReporter:

“That’s what we’re hearing,” says one market observer who maintains suitors were drawn to the opportunity listed by Colliers International “in droves” for a unique 590,000-sf facility that includes commercial tenants and state agencies occupying a tower that was revamped from an aging state-occupied structure into a mix of private and public space a decade ago. The initiative has lower levels housing multiple agencies and high-rise floors leased to top-name companies including Cannon Design, a nationally known healthcare architect in 27,500 sf on Floor 14 and law firm Prince Lobel occupying the 21st and 22nd floors. American Student Assistance fills 151,000 sf on six floors and Massachusetts General Hospital is on a trio of leases expiring from April 2015 to June 2016.

Additional building details are available on the property page: 100 Cambridge Street Boston

 

0 Seaport Bridge Closed for Repairs

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The Seaport just got harder to get to and from.  Not only are there fewer parking spaces, now there is one less pedestrian walkway from the Financial District to the Seaport.  The ultimate plan is to reopen the bridge to cars and pedestrian traffic, but no date has been given.

closed bridge in south boston Seaport District

Credit: Boston Herald

A Boston Herald report states “structural conditions and “deterioration beyond repair” prompted the city to close the Old Northern Avenue bridge that serves as a pedestrian link between South Boston’s Seaport District and the Financial District…analysis of the 106-year-old truss bridge’s load capacity by TranSystems, a transportation consultant hired by the city, found 13 floor beams with a “zero-ton rating” in the part of the bridge that was open to pedestrians crossing the Fort Point Channel.”

Additional details are available on the Boston Herald’s website.

0 Weissman: Boston Real Estate Superior to New York

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Jason Weissman, founder of Boston Realty Advisors

Credit: Bisnow

Why is Boston better than New York?  Our own Jason Weissman chimes in at a Biznow Event.

From Bisnow:

Boston Realty Advisors founder Jason Weissman says Boston outshines New York because it has less exposure to a downturn in government spending. Based on fundamentals and cash flow, he expects to see lots more property sales in 3% cap rate territory in 2015. Retail and office rents still have room for appreciation and greater cash flow will boost asset values. So much so that investors will start searching for deals in outlier markets, namely I-495 and southern New Hampshire.  

0 Office Design Mirrors Culture, Approach for Modern Start-ups

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Art in Facebook's Cambridge office space

Credit: The Boston Globe

What type of art does your office have?  The experience of today’s office differs greatly from what we saw just 10 years ago; today it exudes the company’s culture and vibe.

The Boston Globe recently published an article on the interior aesthetic and art marking Facebook’s Cambridge office:

The Kendall Square office of Facebook, which opened last year, includes five art pieces commissioned by the social media giant. Ryan Mack, who runs the local office for Facebook, oversaw the selection of art:

‘If you look at any of our offices, art’s an important part of our company culture. We try to find pieces that combine Facebook culture, which is about technology and connecting people, with the local culture. So we always get stuff from local artists…there are design elements that are consistent across all Facebook offices, but the art gives them a local touch. We put an artist statement up near each piece that tells a little story about the artist or how they designed that piece for the office.’

0 MassDOT Mulls Move to Roxbury

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The Massachusetts Department of Transportation (Mass DOT) is looking to make a move from the Transportation Building to Tremont Crossing.  Tremont Crossing is located near the Ruggles T Stop and Dudley Square.  This move would increase the daytime population by 1,600.

Tremont Crossing Roxbury rendering

Credit: The Boston Globe

From the Boston Globe:

The state agency’s relocation to Tremont Street, across from the Boston Police Department headquarters, would offer a huge boost to steadily unfolding efforts to revitalize Roxbury. In addition to helping fill parcels that have been vacant for decades, the transportation building would bring thousands of office workers to the neighborhood, at a time when several developments would add dozens of retail stores, several hotels, and hundreds of homes to that section of Roxbury.

MassDOT would occupy up to 800,000 square feet of office space in the project, which would also include a hotel, 300 residences, offices, and 350,000 square feet of retail and restaurant space. It would probably take several years for the new transportation building to be constructed.