Credit: Boston Business Journal
New eats are coming to 101 Seaport Boulevard. This is not your traditional eatery, but rather vegan style with roots in NYC.
A BBJ article notes, “Chef Chloe Coscarelli — known for being the first vegan chef to win the Food Network’s popular reality show “Cupcake Wars” — and co-partner Samantha Wasser have plans to open a 48-seat restaurant at 101 Seaport Boulevard. The newly opened 17-story glass office is home to accounting firm PricewaterhouseCoopers.”
You can read more on the BBJ.
Credit: Travel Weekly
DTX is getting its newest amenity online next week, The Godfrey Hotel opening at 505 Washington Street.
“The 242-room Godfrey Hotel Boston was redeveloped out of the adjoining Armory and Blake buildings in the city’s Downtown Crossing district, about a block east of Boston Common…This spring, the property will open a street-level cafe by George Howell Coffee, a local roaster. A 4,600-square-foot restaurant i scheduled to open this summer, but the Godfrey hasn’t announced the restaurateur yet,” according to TravelWeekly.
You can read more on Travel Weekly.
How does the start up sector communicate with the real estate word?
According to a RE:Tech Snap Shot study of fifty New York tech startups, “Brokers who forge an early connection with these startups stand to profit handsomely if the firms take off. Several real estate firms are among the fastest-growing tech startups in New York, attracting millions in venture funding…The research survey also found that the vast majority of tech startups favor flexible, short-term leases. Nearly 80 percent of respondents said they favor a sublease over a lease. About 60 percent said their ideal lease term is between three and five years, while the remaining 40 percent preferred a lease term of between one and two years. None of the respondents were keen on five-year-plus lease.”
You can read the full results on RE:Tech.
Office space is used far differently today than 25 years ago. Production is no longer measured by how much time you log in a seat at your desk, but rather what is accomplished by the day’s end. Some jobs still require sitting in a specific seat — lab technicians and receptionists are the two that come to mind — but those restrictions are becoming less and less applicable to the majority of professions. At our company we offer a wide variety of options for our team members, much of which is a direct result enhanced virtual desktops. Only a few years ago, you had to sit at your desk in order to access your computer and critical electronic files; now your electronic desktop can follow you.
An article from MBAcentral on coworking spaces observes “the changing nature of business and the workforce [noting] 4 in 10 U.S. workers…will be temps, freelancers or contractors, 8 in 10 Large corporations [are] planning to increase use of flexible workforce, Nearly 90% of businesses have already adopted some cloud computing. [and] 80% of companies offer flexible working arrangements, including telework.”
You can read the full article, here.
When the value of your real estate exceeds the value of your business what do you do? Macy’s investors are putting pressure on the retail to separate the entities.
According to the Bizjournals website, Macy’s investors are considering “spinning off the 556 stores it owns nationwide, including its 34th Street store in midtown Manhattan, into a separate company…By spinning off the real estate as a separate business, Macy’s would be able to rent out space or even sell part of its holdings at a time when commercial real estate market is hot, and brick-and-mortar retailers are facing greater competition from online sellers. Analysts have suggested the upper floors of Macy’s in Herald Square could be sold off as condos or a hotel.”
You can read more about Macy’s estimated $21 billion real estate portfolio on the Bizjournal.com/newyork.