Bridj is on the move and parked on Newbury Street. 283/285 Newbury Street offered an experience that aligned well with vision of Matt George, Bridj founder and CEO. Off street parking, roof deck and 3 floors of creative space.
Bridj has elected to share this experience through Pivotdesk, have a look and see if it works for your growing team.
The company moved out of a co-working space at the Cambridge Innovation Center into a 5,400-square-foot space at 283 Newbury St. in Boston earlier this year.
“We were outgrowing the CIC and while co-working spaces are great and they have lots of benefits and amenities, it’s really hard to start building your own culture (there),” said Ryan Kelly, Bridj’s marketing manager.
The Seaport/Innovation District is not only a live/work area of the city, but now a destination location for a great dining experience. Restaurateur Seth Greenberg’s new bistro will add a touch of French flavor to Boston’s Fort point neighborhood.
Grubstreet.com quotes Greenberg’s vision, “Bastille Kitchen will be the destination dining anchor to Boston’s Fort Point neighborhood that Pastis is to New York’s Meatpacking District.”
The Back Bay office and retail markets continue to push valuations to pre-recession pricing, while maintaining the lowest vacancy rate in both segments. Pricing for Class A upper floor tower space is up to $80 a square foot.
A New York Times editorial on the boom of back bay commercial real estate notes that “last fall, Jamestown Properties paid $226 million for a 130,000-square-foot portfolio spread over 28 buildings, mostly on Newbury Street…Jamestown bought in Boston’s Back Bay because the district had long been a sound property market, said Michael Phillips, chief operating officer at Jamestown. The current boom “is an added benefit,” he said.
More information on Jamestown Properties, continue reading the complete NY Times editorial.
New eats on High Street; Ian Just of Sorriso and Les Zygomates of South Street will open Society at 99 High Street sometime in November.
Thomas Grillo of the Boston Business Journal reported today that “Ian Just, chef-owner of Les Zygomates and Sorriso in the Leather District, is planning his newest venture: Society on High in Boston’s Financial District…Under construction at 99 High Street, the restaurant will feature 140 inside seats with another 60 in an outdoor plaza. The 5,500-square-foot space is being designed by Peter Niemitz, and includes dark cream, red and black colors.”
Another Seaport portfolio is poised for the market with rents now of $40 PSF and vacancy at a record low.
Banker & Tradesman is reporting that, “in response to rising rents and hot investor activity, National Development is attempting to unload a six-building portfolio in Boston’s Fort Point district…The assets, totaling more than 407,000 square feet of office space, are in the so-called Innovation District, where some rents have jumped significantly over the last year, more than five percent in some places.”
Back Bay has a new bridge. The sky bridge over Stuart Street is a phase of construction connecting Liberty’s new headquarters on 157 Berkeley Street with their existing offices at 30 St. James Street.
According to a Boston Curbed report, the bridge will connect “the new Liberty Mutual headquarters going up at 157 Berkeley Street with one of the company’s existing offices at 30 St. James Street. Construction on the second-story sky bridge over Stuart Street is expected to start early next month.”
The Seaport continues to attract tenants with vacancy just below 5 percent. Zipcar will be expanding its footprint by taking 45,000 square feet that Thompson will be vacating.
Banker & Tradesman staff writer, Jim Cronin, reports that “Zipcar will likely fill about 45,000 square feet of space that Thomson Reuters is expected to vacate at Thomson Place in Boston’s Fort Point neighborhood in 2014.”
The Seaport continues its reach with DivcoWest’s investment of $105 million for four buildings off Congress Street. Market vacancy is less than 5 percent while rents have just reached the $40 PSF mark.
Casey Ross, of The Boston Globe reports, “DivcoWest made its name in Silicon Valley, buying and developing properties that house some of the nation’s most prominent technology firms, including Apple Inc. and cellphone maker Motorola…Now it is trying to replicate that tech success in the Boston area by snapping up properties in the Seaport District and East Cambridge.”