The Newbury Street ‘super-sub’ market has continued to develop and flourish since that time into its current iteration, where “the spaces above the ground floor are now some of the most desirable workspaces in Boston. These 207 buildings in Back Bay form a submarket within a submarket, a working enclave totaling over 3M SF. Properties on Newbury Street are able to leverage a built-in cool factor that most office buildings and new developments can’t duplicate. Unlike other Boston submarkets with seasonal attractions, Newbury Street is a year-round destination — the neighborhood has a perpetual energy,” according the Bisnow.
“You never have to leave the street. Every possible food and beverage option, as well as every type of service, is just steps from your office front door,” Back Bay Association President Meg Mainzer-Cohen said. “Newbury Street is also a stone’s throw from a park system that is one of the best in the country, including Boston Public Garden and the Esplanade, making it easy to step out and recharge.”
You can read the full Bisnow article on its website, here.
Boston office design still includes the basics, but now a genuine focus is placed on employee retention. Flexible, creative and communal space are the buzzwords that are exchanged when office tenants share their ideas of what their new space should embody.
Biznow takes a deep dive into a recent report released by architecture firm Ted Moudis Associates, assessing the evolution of office design over the last year, notes the following in its conclusion:
Instead of trying to find one seamless solution for everyone, organizations are working to develop new spaces that will cater to different working styles in order to encourage a balance between effective and efficient workspaces.
“People come to the office to connect with colleagues and so that interaction with the education aspect and learning from their peers and the senior leadership in the office [is important],” [Ted Moudis Associates Director of Workplace Strategy Jamie] Feuerborn said. “I think they want choice. If I want to do heads down focus work I have a place to go, if I want to connect with colleagues I can choose to sit in a different environment to do that.”
Amazon has 19 options to look at that have between 100,000 – 200,000 square feet of available space — now or in the near future — from East Cambridge to the Seaport and the Financial District to Back Bay.
As of today the availabilities would be in the following buildings:
Amazon already has a large and growing presence in Kendall Square, but is eying downtown Boston in part because it has cheaper rents and more available space than in nearby Cambridge. It would also join a string of tech companies that have set up shop downtown, helping to reinvent the traditional business district as a hub for a new industry.
“Downtown Boston already has tremendous street cred in the tech world,” said Brendan Carroll, head of Encompass Real Estate Strategy, which tracks Boston’s office market. “But Amazon moving in would be a really big thing.”
The Boston Classic, Old City Hall is going up for sale. The building, constructed in 1862, contains 106,508 RSF over 9 stories with a typical floor plate of 11,834 RSF. Boston’s Old City Hall was home to its city council from 1865 to 1969. It was one of the first buildings in the French Second Empire style to be built in the United States, according to Wikipedia.
Credit: The Real Reporter
A recent article on The Real Reporter notes, “by some estimates, value of its ground lease that runs to 2069 could eclipse $30 million, or $358 per sf at that starting point. Held by the Boston Planning and Development Agency, aka Boston Redevelopment Authority, the ground lease is controlled by the non-profit Architectural Heritage Foundation. The nine-story, 83,700-sf property whose address is 45 School St. was repositioned in 1972 as a mixed-use property and today is 98 percent leased to 18 office tenants and Ruth’s Chris Steakhouse, the eatery in where popular French restaurant Maison Robert was a fixture for decades serving Boston’s elite.”
You can read the full Real Reporter article, here.
Google Fiber agreed to acquire a company called Webpass, an internet service provider based in San Francisco that already serves Boston, Miami and Chicago, among other cities. ..Webpass, which offers residential internet service for $60 per month, says it has tens of thousands of customers across five major markets in the U.S. Google’s service is $70 per month, according to its website.
Google Fiber, a subsidiary of parent company Alphabet offers internet speeds of up to 1,000 megabits per second. It already serves cities such as Kansas City, Nashville, Atlanta and Austin. By comparison, Verizon FiOs offers internet speeds of up to 500 megabits per second.
As several prominent development companies angle to buy the nine-building package [Boston University is selling in Kenmore Square], they are weighing a delicate question: how to redevelop them — as any new owner would be likely to do — without blocking or moving the sign so it is no longer so visible from so many places around the city.
Moving the sign and replacing 660 Beacon with a taller building wouldn’t be difficult, said Arthur Krim, a faculty member at Boston Architectural College and the sign’s unofficial historian. But move it much, and the views would be altered forever.
“Sightlines would be skewed,” Krim said. “Anything above 15 stories and it’d be hard to see up there at all.”
The Ames Building is a skyscraper located in Boston, Massachusetts. It is sometimes ranked as the tallest building in Boston from its completion in 1893 until 1915, when the Custom House Tower was built. However, the building was never the tallest structure in Boston. The steeple of the Church of the Covenant, completed in 1867, was much taller than the Ames Building. Nevertheless, it is considered to be Boston’s first skyscraper.
Located at 1 Court Street and Washington Mall in downtown Boston, the Ames Building was designed by the architectural firm of Shepley, Rutan and Coolidge inRichardsonian Romanesque and paid for by Frederick L. Ames. It is the second tallest masonry load bearing-wall structure in the world, exceeded only by the Monadnock Building in Chicago, completed that same year. It is thirteen stories high with a three-story granite base and sandstone and brick. The sandstone is from the Berea formation in Ohio and was supplied by Cleveland Quarries Company. Construction was completed in 1889, but interior work was not completed for occupancy until 1893. It became the corporate headquarters for the Ames families’ agricultural tool company.
The Ames Building was added to the National Register of Historic Places on May 26, 1974.