Credit: Boston Globe
The city of Boston will no doubt entertain towers that exceed the 790-feet of 200 Clarendon Street, formerly known as the John Hancock Tower.
The location of Boston’s next tallest tower will most likely fall in the Back Bay neighborhood. This is due to the restriction imposed by the FAA from the Seaport and Financial District, as well as the shadow effect on Boston Common in the Mid-Town area.
According to the Boston Globe, “many Bostonians have come to love the relatively modest scale of the city’s neighborhoods. That affection surfaces every time someone proposes a building of substantial height. Invariably, issues like shadows and wind are raised.
‘Our neighborhoods, from the North End to the Back Bay to the South End, are full of people who love living in what appears to be a 19th-century community,” said Robert Brown, managing director at architecture firm Perkins+Will. “To them, tall buildings mean more density, more parking, more shadow.’”
Related Real Estate
• Back Bay Office Space for Lease
• Boston Financial District Real Estate
Boston Realty Advisors represented Christopher Kimball’s Milk Street search for a new location in the Financial District. According to Wil Catlin, Managing Principal at Boston Realty Advisors, 177 Milk Street was the perfect fit for Chris’s new venture. The building known as the Grain Exchange was completed in 1892 and sits one South from the Custom House on the Greenway. The space occupied by Milk Street is on the retail level with direct access from India Street with expansive ceilings and windows.
Client Testimonial Tenant Representation from Boston Realty Advisors on Vimeo.
1 Federal Street in Boston’s Financial District
1 Federal Street is headed for the sales block by Eastdil Secured. The building is expected to trade in excess of $682 per square foot.
According to Realert, “the 38-story tower is 98% occupied, with a weighted average remaining lease term of almost seven years. The largest tenant, law firm Morgan Lewis, occupies 301,000 sf on a lease that runs until 2023. Records-management company Iron Mountain is leasing 133,000 sf until 2024. Others tenants include Credit Suisse, J.P. Morgan, Oppenheimer & Co. and U.S. Bank.”
Additional information is available on realert.
Credit: Boston Business Journal
Ayr Muir, the founder and CEO of Clover wants to be in the middle if it all, choosing to put his office in the center of the flagship location at 160 Federal Street in the Financial District of Boston.
According to Bizjournals’ Boston publication, “it’s a move that likely has its roots in the transparency that Muir has been espousing since he opened the business in 2008 as a single food truck. The company’s employee handbook is posted online and mentions that ‘we’re going to ask you to learn (and help us learn) from EVERY SINGLE mistake you make. We love NEW MISTAKES, but we hate seeing the same mistakes again and again.’ Clover, which specializes in using data to track customer behavior and modify menu items, currently has nine locations in the Boston area.”
You can read more on Clover’s flagship location, here.