Credit: B&T
Boston Properties is moving forward with 2 major projects located at 2 transportation hubs. Back Bay Station is the proposed spot of a new tower development, while North Station will benefit from the same.
From Banker and Tradesman:
The real estate investment trust said this morning it has entered a joint venture to acquire the air rights for the 377,000-square-foot initial phase of the North Station redevelopment. It also has signed a 44-year extension on its lease for the Clarendon Street parking garage with the state Department of Transportation, part of a larger proposal to build two towers containing offices, residences and retail above Back Bay Station. As part of the agreement, Boston Properties will take over management of the renovated station, which serves the Orange Line subway and several commuter rail lines.