Credit: Boston Globe
Winthrop Square tower is being positioned as the last development to cast a shadow.
According to the Boston Globe, “the Walsh administration is willing to write tougher rules restricting the size of shadows that new buildings can cast on Boston Common, as long as there’s an exemption for Winthrop Square, said Brian Golden, director of the Boston Planning & Development Agency. That could effectively cap the height of future buildings in parts of Downtown Crossing.”
Additional details on the proposed skyscraper in Winthrop Square are available on the Boston Globe.
Credit: Boston Globe
Kingston Street has been a jewel for those tenants seeking a value opportunity with quick access to Downtown Crossing and South Station.
According to the Boston Globe, “Buildings like the Kingston Building ‘really sustain the startup scene,’ says Matt Bellows, chief executive of Yesware, a Boston company that creates software for salespeople. ‘It’s got a great location, nice open space, windows on three sides, and it’s cheap.’ After spending two years in the building, Bellows says, ‘we only moved out when we got over 50 people, and the lines for the two tiny bathrooms became too long.’”
Additional details are included in the full Boston Globe article.
Millennium Partners wins the prize for the impending Winthrop Square development. The proposed tower would stand 750-feet, adding office, residential and retail space in downtown Boston.
According to the Boston Business Journal, “the New York-based development firm proposed a 750-foot, $1.02 billion ‘hybrid high-rise’ tower, with 14 stories of office space and 36 levels of residential sitting atop a 65-foot high podium space known as The Great Hall. It would also include a 14,620-square-foot startup accelerator to be developed in partnership with the city.”
You can read the full article on the BBJ, here.
Credit: Banker and Tradesman
Office trades in the Class A and B segments continue northward with the latest on West Street in Downtown Crossing for $16M.
There’s “another category where they [real estate investors] see potential for price appreciation: class B office buildings…The latest example: 33-41 West St. in Downtown Crossing, a fully-leased leased office building recently acquired by a New York developer for $16 million.
At $472 per foot, it’s one of the highest prices paid for a property in the category, said Robert Tito, a principal with NAI Hunneman in Boston…Built in 1899, the 38,000-square-foot structure was last acquired in 2008 by SMC Management of Watertown for $7.2 million.”
Another caffeine fill up station is coming to Downtown Crossing to serve the ever-growing day and night population.
According to the Boston Business Journal, “Millennium Partners has leased a space in Downtown Crossing’s historic Burnham Building to Caffè Nero, a European coffee house, which will bring the 335,000-square-foot commercial space at the building and the adjacent Millennium Tower to full occupancy…The coffeeshop will be located on Summer Street less than half a mile from Downtown Crossing’s first Caffè Nero, which is located at the base of Millenium Place, another high-end condominium complex developed by Millennium Partners. Caffè Nero also has locations in Jamaica Plain, the South End and the Longwood Medical area.”
You can click through to jump to the BBJ article.
Midwood is on the move with a 59-story office tower in Downtown Crossing (DTX) which would surpass Millennium in height. The building would be a combination of residential and retail space.
According to an article on the BBJ, “Midwood originally proposed a 28-story tower on the site in 2008, but the project stalled due to the economic crash…The current iteration of the project is substantially larger than the original proposal. An architectural presentation Midwood will give at the city this week presents plans for a 419-unit, 59-story residential building spanning 605,000 square feet.”
You can more on the DTX tower on the BBJ.