0 Fenway Center Attracts new Partner

The construction of Fenway Center in Boston over the Pike could be getting closer. Developer John Rosenthal is looking to partner up with Gerding Edlen to get the project in the ground.

rendering of Fenway office development in Boston MA

Credit: The Boston Globe

The development of “Fenway Center calls for the construction of five buildings on 4.5 acres of land and air rights over the Turnpike. The 1.3 million-square-foot complex would contain about 550 homes, 80,000 square feet of stores and restaurants, and 167,000 square feet of office space. Multiple garages, including one straddling the Turnpike, will contain space for 1,290 cars. A revamped Yawkey commuter rail station has already opened at the edge of the property, according to the Boston Globe.

More information on the Fenway Center project is available on the Boston Globe website, here. You can also read more general information on office space in Fenway on our submarket page.

0 Looking for Coworking Office Space in Back Bay?

shared office space in Boston's back bay

Credit: The Metro

Not ready for prime time space, but ready to get out of the garage?  The Back Bay submarket appeals to a wide variety of firms for a number of reasons. Access to transportation, an educated vast work force, and a large concentration of employers in a small area all contribute to this submarket’s popularity among Boston office space users.

In an interview with the Metro, Oficio co-founder and managing partner Nima Yadollahpour notes, “because an entrepreneur needs less to run a business (a laptop and cell phone), it only makes sense to keep their overhead low, and using a shared co-working or office space is the perfect answer to that…It’s economical, efficient and communal.”

Prominent Coworking Office Space in Back Bay Boston:

Oficio
30 Newbury St. 3rd Floor
or
129 Newbury St. 4th Floor

Idea Space
867 Boylston St., 5th Floor

LearnLaunch
31 St James Ave. #920

Unfamiliar with the area? Read our submarket page to learn more about Back Bay Office Space.

0 Open Office Experiment in Boston Fosters Inclusion and Collaboration

open office space in Boston

Credit: Harvard Business Review/hbr.org

Looking for a new office?  Thinking you simple want private offices because that’s what you have always had?  Well, have a look at how that has changed for some companies.

According to the Harvard Business Review, a working ‘office experiment’ was carried out by The Bridgespan Group in its Back Bay offices, to determine what impact an open, shared workspace would have on employee collaboration and production. The HBR article includes the following:

At the end of our design lab, we handed off to our architects a “radical” plan which they built out over the next few months.

It included:

  • an open café, where staff bump into each other making coffee, or making sandwiches and catch up or take care of business
  • a “laboratory” space with tables, sofas and white boards at the heart of the office, where teams meet and discuss work previously done in closed conference rooms
  • a large, closed-off library space with lots of natural light that we call the “quiet car,” where people can work without interruption
  • several small comfortable seating clusters throughout the office for small-group conversations
  • a bank of small private rooms for people to use when they truly need privacy for meetings, phone calls, or individual work–but no private offices even for the most senior staff
  • sitting and standing work stations where people can park themselves day-to-day
  • glass-walled conference rooms so most meetings are seen by everyone, even if they aren’t heard
  • background noise masking, so that conversations in the open are heard as mild hubbub rather than distinct, distracting words
  • lockers in which staff can keep personal items

Six months in, we continue to be amazed at how differently we work in the new space and how much the spirit of our office has changed. We used to make appointments to see each other; now, we often just run into each other, and all kinds of new ideas emerge from these unplanned collisions of two or three or four people….Formal meetings are routinely held in the open areas, where it’s easy to bring in someone else on the spur of the moment—just because they’re passing nearby, or sitting in view.

0 ‘Get Paid While You Wait’ in Boston Real Estate

extra office space in boston for rent

Credit: Kinglet

If we’ve heard it once, we’ve heard it a thousand times: A company has outgrown its space and they’re growing. Fast. But, how much space will they need a few years from now is anyone’s best guess. Unfortunately, guessing games won’t cut it. Guess too low and they’re moving again in no time. Guess to high, giving them room to grow, and they won’t be able to afford the rent today.

Countless businesses have sprouted up to solve this challenge. The solutions include incubators and hubs, as well as daily and even hourly rentals, including relative newcomers LiquidSpace and Breather.

There’s another approach that’s picking up steam. Instead of downsizing, a host of new startups have enabled emerging companies to super-size their office space. Companies like PivotDesk and Kinglet, available only in Baltimore for now, help organizations rent out their extra desks, on a month-by- month basis.

While PivotDesk and competitors are still new, the approach isn’t. In fact, in the investing world, it’s an age-old approach known as dividend investing. And fans of this approach aptly refer to it as the “getting paid while you wait” model. Meaning, you buy the stock today and get paid a dividend while the stock slowly grows in value. In the office space analogy, you may only need 2,500 square feet today, but instead, go for 5,000 square feet and rent out the empty desks until you need team.

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0 State Requests Proposals for Parcel 13 in Back Bay

Back Bay Boston office space

Credit: BBJ

Is now the time for Parcel 13?  Well yes it is. Between residential, retail and office developments there is strong demand for more new development projects. Our city population continues to grow along with our daily workforce population.  More companies are seeking locations that allow their employees live, work play environments that don’t include driving, but rather rely on public transportation or models like ZipCar and HubSpoke.

From the Boston Business Journal:

Known as Parcel 13, the site represents 54,500 square feet of air rights over the Massachusetts Turnpike, adjacent to the MBTA’s Hynes Convention Center Station on the Green Line. State officials say the site will accommodate up to 320,700 square feet of development that could include a mix of housing, dorms, retail and hotel uses.

0 Tower Considered at Back Bay Station

rendering of proposed tower at Back Bay station

Credit: Boston Globe

The Back Bay skyline could see yet another change on the horizon.  Plans state that there would be one high rise and at least one mid-rise tower on the site.  The present building was designed by Kallmann McKinnell & Wood and opened in 1987.  That building replaced the older station that opened in 1928 for New Haven Railroad.

The Boston Globe reported on the considered remodeling of Back Bay Station, nothing “the owner of the John Hancock Tower in Boston is negotiating with Governor Deval Patrick’s administration to renovate and manage the MBTA’s Back Bay Station in exchange for the right to build a towering complex of residences, stores, and offices… [it would include] a skyscraper and at least one other building above the rehabilitated station, which would get a new retail arcade, ventilation upgrades, and a glass facade along Dartmouth Street.”

The full Globe article is available online, here.

0 888 Boylston Street to Join Back Bay Skyline

The skyline of Back Bay will see its newest member come out of the ground starting late this summer.

888 Boylston Street is Boston Properties final component of the Prudential Center that consists of: 800 Boylston Street (Prudential Tower), 101 Huntington Avenue, 111 Huntington Avenue along with the Shops at Prudential.  This site is 23 acres that sits between Boylston Street and Huntington Avenue. It consists today of 2.6 million square feet of Class A office space, and 550 square feet of retail space, combined with underground parking for 3,660 cars.

Curious how Back Bay has changed over the years? Take a look at this aerial view of Copley Square taken from a plane in 1957, courtesy of BostonStreetCars.com:

Old Copley Square in Boston, from 1957

Credit: BostonStreetCars.com

0 171 Newbury St. Sold for $13.2M

gallery space at 171 Newbury St. in Boston

Credit: The Real Reporter

Mike d’Hemecourt of our Retail Capital Markets Team produces a great outcome for 171 Newbury Street.

Details, posted by The Real Reporter, indicate that “the landmark Pucker Gallery is relocating within the Back Bay following a sale of its longtime home at 171 Newbury St. to Dutch capital at an eye-popping $1,553 per sf, an all-cash $13.2 million transaction negotiated by Boston Realty Advisors. The five-story, 8,525-sf building that has housed the multi-level gallery since 1967 and is now home to international retailer Clarks Shoes on the ground floor attracted a range of investors from around the corner and around the globe, relays BRA principal Michael d’Hemecourt in acknowledging the agreement that closed on Friday.”

Further information on the gallery and its sale, are available on The Real Reporter website.

0 Boston Realty Advisors Exclusively Retained to Lease 360 Newbury St. in Back Bay

Back bay commercial space at 360 Newbury St. in Boston

360 Newbury Street

Looking for cool creative office space at the gateway to Boston? Check out 360 Newbury St. in Boston’s Back Bay.

From BostonSF.com:

Boston Realty Advisors (BRA) announced that it has been exclusively retained to lease 360 Newbury Street, offering 40,640 square feet over three levels. In addition to excellent Mass Pike visibility and a unique architectural dynamic – penned by famed architect Frank Gehry — this iconic stalwart of the Boston skyline maintains flexibility for tenants with a variety of square footage requirements. 360 Newbury Street presents an unsurpassed opportunity in the market. Commanding an unrivaled presence in the Back Bay.

360 Newbury Street Property Brochure

360 Newbury Street Floor Plan

 

Back bay office space at 360 Newbury Street

0 Former Dunkin’ Donuts Location in Financial District Lands New Occupants

Commercial space for rent at 176 Federal Street in Boston

Credit: chartercm

A recent instance of this trend is evident in the move of Pret A Manger made to snag the 2,000 sq. ft. space in the Financial District, formerly occupied by Dunkin’ Donuts.

The BBJ reported on the new occupants of 176 Federal St. in the Financial District, noting it may be just the first of many similar moves for the London-based eatery, “Pret A Manger has been looking to expand in Greater Boston with plans to open a dozen cafes over the next five years. James O’Mara, an attorney representing the eatery, said Pret A Manger will be opening a shop as early as this spring at 101 Arch St. in Boston’s Downtown Crossing at the former Men’s Wearhouse.”

Additional information on the location at 176 Federal Street is available on the Boston Business Journal.