Category Archives: Downtown Crossing Office Space

0 Boston Emerges as State’s Tech Startup Hub

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Has Boston really become the state’s capital for startups?  Well yes.  This came to be for two primary reasons; public access and cost of real estate.  Downtown Crossing, DTX, is serviced by the T’s Red, Green Orange and Blue lines.  Combined with the Silver Line and a short walk from South Station it offers employers a great recruiting tool as they vie for new talent.

Economics. Plain and simple.  DTX is the last real value play within the Class B market and is what most startups are seeking.  Opportunities can still be achieved with in the upper $20’s PSF while most buildings are pricing in the low to mid $30’S PSF.

Map of boston office space

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The Boston Globe’s niche online business publication, betaboston.com, notes the following:

Last year…Boston accomplished a previously unheard of feat in the tech world by having more venture capital deals than Cambridge — for years the center of gravity of the startup scene in Massachusetts. And a large number of those deals went to companies located outside the Innovation District, in neighboring business zones such as the Financial and Leather districts and Downtown Crossing.

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

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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.

0 New Collaborative Office Spaces for Boston Startups

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collaborative office space for boston startups

Credit: dailyfreepress.com

“Collaboration” seems to be the most common term in the lexicon of today’s emerging companies. A company dedicated to dynamic, collaborative office space is helping to ensure the trend has an increasing presence in Boston.

From the Daily Free Press:

“WeWork is a collaborative office space, with more than 2,000 members expected to call the Boston offices home by summer. The office space is shared primarily by early-stage startups that would otherwise not have access to many of the amenities available within the space.”

Additional information on WeWork is provided in the Daily Free Press article.

0 South Station to stock new Bitcoin ATM

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Bitcoin ATM image, going to Boston

Credit: coindesk.com

Looking to convert your cash?  South Station is home to a new Bitcoin ATM.

According to the BBJ:

“the controversial and sometimes confusing digital currency Bitcoin, launched an ATM dispensing machine that has been set up by a Boston company called Liberty Teller.”

To read more changes headed to South Station, jump over to the Boston Business Journal’s full article.

0 87 Summer Street office space: affordable Downtown Boston option?

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Office building on Summer Street in Boston

Credit: Loopnet

Boston Realty Advisors represent the 2,162 RSF on the Mezzanine level of 87 Summer Street that is priced in the mid to upper $20’s.  This building is owned and managed by Synergy Investments that controls in excess of 3.5 M RSF of Class B product in Boston.

In the heart of Downtown Boston, 87 Summer Street offers cool collaborative space with full floor identities. This property offers Verizon & Comcast with high speed connectivity, and many other local amenities.

87 Summer Street is located within the Downtown Crossing Business Improvement District. Just a short walk to public transportation such as the Red, Orange & Green Line T stops, along with the commuter rail at South Station. There is also a wealth of parking within the area.

0 BRA: Big Groundbreakings in Boston in 2013

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rendering of Millennium Tower in Boston Seaport neighborhood

Credit: Boston Business Journal

2013 was a big year for construction starts in the city of Boston. Will 2014 be the same as projected? Will construction commence above the Turnpike?

The Boston Business Journal posted a robust review of the top development projects in Boston over the course of the previous year. Among its findings:

One of the biggest events of the year saw construction crews returning to the former Filene’s site in Downtown Crossing…But Filene’s was not the only major development to see construction crews: Across town in Brighton, New Balance began work to convert a previously shuttered manufacturing plant into a new facility; in Westwood, a new team took over the stalled Westwood Station project and now promise to deliver on 2 million feet of mixed-use development along Route 128; in Chinatown, a section of the neighborhood that decades ago was taken to build the Southeast Expressway is now home to construction of a 21-story tower that will provide much needed affordable housing; and in the Seaport District, Skanska got underway with the first office for Seaport Square.

The complete article is available on the BBJ website, here.

0 Downtown Crossing: Strong Value for Class B Office Space in Boston

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map of Boston office marketWhere are the value options for a Class B tenant in Boston? Current market data shows that Downtown Crossing has it. Seaport rents have pushed into the low to mid $40’s PSF with limited supply.  Options within downtown crossing can still be found with pricing in the mid to upper $20’s depend on building amenities and tenant improvement needs.

Check out our office space in Downtown Crossing listings to determine if the pricing and available options are right for your business needs.

0 BRA Approves $2.3B in New Projects

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BRA approves new projects in downtown Boston

Credit: Boston Business Journal

So what does $2.3B look like in the City of Boston? We’ll soon find out. The BRA has just approved seven new projects collectively totaling $2.3 billion.

The Boston Business Journal published a gallery showcasing each of the seven projects. You can view the gallery via the following link: BBJ Slide Show.

 

 

0 Millennium Tower Breaks Ground in Downtown Crossing

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Rendering of Millennium Tower in Downtown crossing Boston

Credit: rebusinessonline

What does $630M get you in Boston?  A 1.4 million square foot development in the heart of Downtown Crossing.  It will create new residences, office and retail opportunities.

Rebusinessonline is reporting that “Millennium Partners, a New York-based developer, has kicked off construction of its Millennium Tower and Burnham Building development in Boston’s Downtown Crossing neighborhood. Located at the site of the former Filene’s Department Store, the $630 million project consists of the 1912 Burnham Building and the 62-story, 450-unit mixed-use Millennium Tower.”

Continue on to rebusinessonline.com for more info.

Related Office Space Listings
Downtown Crossing Commercial Real Estate

0 Downtown Crossing’s Millennium Project Gets Grocery Store

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Millennium Place in Downtown Crossing

Rendering of Millennium Place in Boston

Our city continues to grow and expand. The addition of grocery stores helps establish a community, which we are seeing at Downtown Crossing’s Millennium project. Now those future residents can really live and work without relying on their car for milk, bread and batteries for the next Nor’easter.

“Massachusetts-based grocery store chain Roche Bros. will open its first downtown Boston location in late 2014…Roche Bros…[joining] advertising firm Arnold Worldwide as the first tenants of the new tower, and will move in by September 2014,” a BBJ article covering the Millennium Project’s future tenant, reports.

For more information on the announcement, continue on to the full article on the Boston Business Journal.

Additional details about the property are available on our residential website: Millennium Project in Downtown Crossing.