Imagine no longer hoping for a parking spot on Newbury Street in Back Bay…
What do you think?
From the Boston Globe:
During a “Twitter chat” Wednesday with Mayor Martin J. Walsh, where the mayor answers constituents’ questions on social media, a city official gave an intriguing response to one person’s question about whether Boston would ever limit traffic on certain streets to allow for a pedestrian takeover.
“How about closing streets like Newbury, Union, and Hanover to traffic on certain days in the Summer?” asked Adam Castiglioni, who runs a blog about Boston hospitality.
The city responded by saying the concept was already on their radar…”Stay tuned for [information] later this summer,” the City of Boston Twitter account replied.
Train and towers will be the combination for three large-scale projects at prime Boston locations, including South Station, Back Bay Station and North Station.
Brief excerpts on each impending Boston train station development from the Boston Globe:
Boston Properties and Delaware North have already begun construction at North Station. That project will eventually include a 38-story residential tower, two shorter buildings, and a massive retail complex at the long-empty site of the old Boston Garden on Causeway Street.
Back Bay Station
Across town, Boston Properties recently unveiled an ambitious vision to remake Back Bay Station and a neighboring parking garage as the base of a trio of buildings that would join the Back Bay and the South End.
And at South Station, the Houston developer Hines is attempting to kickstart long-stalled plans to build what would be among the tallest buildings in the city.
According to the Boston Globe article, “all three projects are complex, in terms of engineering and economics. But for the cash-strapped Massachusetts Bay Transportation Authority, they bring deep-pocketed partners who could help pay for needed transit improvements…In return, the developers would get access to some of the best locations in a crowded city with a growing population, where getting around can be a challenge.”
Lego is amazing and I used it as a kid and my kids now use it. It has evolved in so many ways and I never figured I would work a few blocks for their office which is now located at 501 Boylston Street in Boston Back Bay.
- There are about 62 LEGO bricks for every one of the world’s 6 billion inhabitants. Children around the world spend 5 billion hours a year playing with LEGO bricks.
- LEGO bricks are available in 53 different colors.
- 19 billion LEGO elements are produced every year. 2.16 million LEGO elements are molded every hour, or 36,000 per minute.
- More than 400 billion LEGO bricks have been produced since 1949.
- Two eight-stud LEGO bricks of the same color can be combined in 24 different ways. Three eight-stud bricks can be combined in 1,060 ways. There are more than 915 million combinations possible for six 2 x 4 LEGO bricks of the same color.
- 7 LEGO sets are sold by retailers every second around the world.
- The LEGO bricks sold in one year would circle the world 5 times.
- 40 billion LEGO bricks stacked on top of one another would connect the earth with the moon.
Wayfair has come to the market with creative radio and TV ads and changed the traditional office environment from cubes and offices into collaborative environment for its ever expanding workforce.
With names like “Nordic,” “Safari,” “Whimsy,” and “Cat Tree,” each room at Wayfair’s headquarters at 4 Copley Place is themed to remind employees of a motif or product the rapidly expanding company sells. While “Safari” might feature zebra-print rugs and exotic throw pillows, employees working in “Cat Tree” get to enjoy a slightly quirkier office vibe with avocado-colored wallpaper covered in playful cats.
“We have all these smaller spaces set up to look like actual living rooms using the furniture we actually sell,” said Jess Merrell, event marketer for Wayfair. “That way everything feels more comfortable to get things done. We don’t have to go to Starbucks to have a private conversation.”
The Commonwealth of Massachusetts holds a few distinctions aside from high office rents and expensive homes; Massachusetts is the highest educated state, and as such, holds the potential to attract top talent.
According to the BBJ, “rents for large office space in Greater Boston hit their highest levels in at least a decade in the fourth quarter of 2015, with the vacancy rate dropping to its lowest level since 2007…The total vacancy rate fell to 13.8 percent from 14.3 percent the previous quarter.”
You can read the full article, here.
Boylston Street in Boston’s Back Bay is expensive, but not too expensive. In the 2nd quarter of this year my company signed an expansion and renewal at 745 Boylston Street after conducting a thorough search for alternate options. We chose to stay and expand based on our attraction to the area’s amenities, proximity to highways and our customers.
Office rents on Boylston Street, however, do rank among the priciest in the country, according to the Boston Herald.
From the Boston Herald:
The Back Bay’s main thoroughfare has an average rent of $67.44 per square foot, thanks to its marquis office properties and tenant list dominated by hedge funds, and private equity and law firms, according to a report by Jones Lang LaSalle, a Chicago commercial real estate company…Those factors have allowed Boylston Street landlords to raise rents 1.3 times faster than on other cities’ most expensive streets since 2013, the JLL report states. And Boston Properties’ 888 Boylston St., a 17-story office tower set for completion next summer, already has signed record-high leases.
Boylston Street in Boston’s Back Bay continues to one of the nation’s top technology roads for retailers. Tesla @800 Boylston will open shorty and will accompany other tech retailers like:
- Apple @ 815 Boylston
- Verizon @ 699 Boylston
- AT&T @ 745 Boylston
- Microsoft @ 800 Boylston
Some history of Boylston Street from Wikipedia:
Boylston Street is the name of a major east-west thoroughfare in the city of Boston, Massachusetts. The Boston street was known as Frog Lane in the early 18th century and was later known as Common Street. It was later again renamed for Ward Nicholas Boylston (1747–1828), a man of wealth and refinement, an officer of the Crown, and philanthropist. Boylston, who was a descendent of Zabdiel Boylston, was born in Boston and spent much of his life in it. The Boylston Market was named after him as was the town of Boylston, Massachusetts.
According to the BBJ, “A second new store will open in the Derby Street Shoppes in Hingham in December…Tesla spokeswoman Alexis Georgeson said the company also has an interest in opening a store in Chestnut Hill, but has no plans right now.”
You can read more on Tesla’s planned Boston expansion on the Boston Business Journal.
Boylston Street continues its technology leadership role with anchor stores from Apple, Verizon, AT&T, Microsoft to its newest Tesla Motors. Tesla will be one of the newest addition to the Shops at Prudential in Boston’s Back Bay. The Prudential complex consists of:
- 800 Boylston Street
- 101 Huntington Avenue
- 111 Huntington Avenue
- 888 Boylston Street
A BBJ article, covering the announcement of a Back Bay Tesla store, notes the following:
“We are excited to have a larger presence in Boston,” said a Tesla spokeswoman in an email, adding the store would host an “opening event” in the next several weeks. She declined to discuss any other other details of the retail store. Tesla already has two stores in Massachusetts, one in Natick and one in Dedham. The company also has a service center in Watertown. A company spokesman recently told the Boston Herald that it has plans to open more stores in Massachusetts over the next two years.
More construction is headed to Back Bay’s Copley Square with Simon’s upgrade of their Copley Place.
The BBJ notes, “the renovations will include physical upgrades such as new flooring and ceiling treatments, upgraded escalators and glass handrails and an upscale food court component.” Expected to wrap up next summer, “the interior retail work is a part of Simon’s $500 million, 1.96 million-square-foot expansion of Copley Place, which includes a new 52-story, 542-unit residential tower that’s currently under construction. The Boston Redevelopment Authority in May approved an updated affordable housing agreement for the project, as well as a redrawn boundary agreement that now prevents facades from encroaching outside the project site.”
You can read the full article on the Boston Business Journal website, here.