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:
- 1 Beacon St
- 200 Berkeley St
- 222 Berkeley St
- 399 Boylston St
- 105 Broadway
- 1 Center Plz
- 200 Clarendon St
- 1 Copley Pl
- 2 Copley Pl
- 26 Court St
- 21-25 Drydock Ave
- 101 Federal St
- 110 High St
- 125 High St
- 100 Northern Ave
- 53 State St
- 253 Summer St
- 645 Summer St
From the Boston Globe:
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.”
Seven new projects are scheduled to break ground in ’17 in Boston. Fears of a slowdown are not adopted by developers of Boston real estate.
Curbed, Boston outlines the 7 new projects slated for this year. Six of the properties are located in the Greater Boston area and one in Watertown, MA:
- 171 Tremont Street
- 700 Atlantic Ave
- A St & Necco Ct
- 660 Summer St
- Dorchester Ave & Hancock St
- Commonwealth Avenue & Brookline Ave
- 485 Arsenal St
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.
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.
Looking for hi-speed internet access in Boston and hoping to compare two providers? Well you can now Google it, and then hire Google.
According to Bizjournals.com:
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.
Boston’s iconic Citgo sign might go dark after the building is sold.
From the Globe’s website:
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 at 1 Court Street will be getting a new owner. The building is known as the Boston’s “first skyscraper”.
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.
The office and retail real estate border by: Boylston Street, Berkeley Street, St. James Avenue and Clarendon Street has traded hands from Equity Office to Oxford Properties for $1.29 billion.
“The deal crosses the $1,000 per square foot barrier, with the 706,862-square-foot, 25-story 500 Boylston St. selling for $1,068 per square foot, and the 519,608-square-foot, 22-story complex at 222 Berkeley St. selling for $1,029 per square foot. Just a handful of deals have crossed that mark in Greater Boston’s sales history,” according to a BBJ article.
You can read more on the sizable transaction on the Boston Business Journal’s website, Bizjournals.com.
According to CoStar there are 20 Class A properties that can offer 50,000 square feet or more of contiguous office space in the Seaport, Back Bay or the Financial District (see full chart below).
From the Boston Globe:
Despite Boston’s development boom, big chunks of office space are scarce right now. As of Oct. 1, there were 17 tenants looking for 50,000 square feet or more of top-end office space in downtown Boston, according to real estate firm JLL, and just 11 blocks big enough to house them. That means buildings with room are drawing interest.
Three would-be tenants have proposed leasing all 180,000 square feet that Boston Properties has at 120 St. James, in the base of the old John Hancock Tower, president Douglas Linde told analysts recently. The space PWC left behind for the Seaport, at 125 High Street, also went quick. And Goodwin Procter’s soon-to-be-former home at 53 State has seen strong interest.
One addition to that list may soon be Skanska, offering “brand-new space with all the bells and whistles.”
|Building Address||Building Name||Submarket Name||Max Building Contiguous Space|
|200 Berkeley St||Berkeley Bldg||Back Bay||50,266|
|501 Boylston St||Back Bay||62,644|
|200 Clarendon St||John Hancock Tower||Back Bay||121,989|
|2 Copley Pl||Tower 2||Back Bay||122,606|
|101 Huntington Ave||Back Bay||60,858|
|111 Huntington Ave||Back Bay||70,191|
|31 Saint James Ave||Park Square Bldg||Back Bay||91,000|
|1 Beacon St||One Beacon||Financial District||105,786|
|1 Federal St||One Federal Street||Financial District||55,038|
|101 Federal St||101 Federal Street||Financial District||69,873|
|160 Federal St||Landmark||Financial District||54,221|
|One Financial Ctr||One Financial Center||Financial District||59,106|
|125 High St||High Street Tower||Financial District||78,034|
|50 Milk St||Financial District||39,644|
|50 Post Office Sq||Financial District||117,200|
|53 State St||Exchange Place||Financial District||382,332|
|60 State St||Financial District||57,897|
|100 Summer St||Financial District||115,402|
|40 Water St||Congress Square||Financial District||363,834|
|101 Seaport Blvd||PricewaterhouseCoopers||Seaport||77,646|