Category Archives: Fenway Office Space

0 Boston Experiencing Historic Commercial Building Boom

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rendering of office tower at Belvidere and Dalton East

Credit: Boston Globe

The Boston skyline is on the move.  A Boston Globe editorial notes, “Boston is in the midst of a building boom never seen in its history, with an influx of new residents and companies giving rise to skyscraping towers, thousands of homes, and retail businesses that are redefining commercial districts citywide.” The Globe followed the article with a list of 50 of the largest development projects organized by expected square feet.

Among these office developments are projects at the Government Center Garage, South Station air rights, Tremont Crossing, and Landmark Center in Fenway.

Jump over to the Globe to read through its complete list of the top Boston Office Developments in progress.

 

0 BXBS of Massachusetts Moves to 101 Huntington Ave

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101 Huntington Avenue in Boston

Credit: Boston Business Journal

Gone are the tall private cubes, now, contemporary office space is much more open and collaborative with bright colors. Healthcare in particular has gone through a tremendous transformation over the year. One of the most visible changes is how they use their office space.  BXBS is showing off their new headquarters at 101 Huntington Avenue owner by Boston Properties.

According to a post on the BBJ, accompanying a slideshow of the new Blue Cross Blue Shield of Massachusetts HQ, the new space “takes up the 11th through the 20th floors of the building, with the exception of the utility floor on the 14th floor. The new space is 60,000 square feet smaller than its previous space — clocking in at 308,000 square feet and will save the insurer $2 million annually…The space has also been renovated to have the signature white and blue color scheme throughout. The color scheme mixed with bright LED lights give the headquarters a futuristic feel.”

Follow the link to view the BBJ’s full office slideshow.

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Fenway office space for lease
Back Bay office space

0 Recounting the Transformation of Fenway

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Vision, patience and persistence have given Steven Samuels high marks in the real estate community with his transformation for the Fenway.

Van Ness in Fenway during construction

Credit: Boston Magazine

Boston Magazine put together an editorial that tracks Samuels’s personal development along with that of Fenway. Here’s an excerpt:

But the Verb and the new Fenway also tell a story about how to amass power in the most elegant of ways. Since acquiring his first Fenway properties more than 14 years ago, Samuels has united the neighborhood’s middle-class residents with top-tier financiers and the city’s notoriously fickle bureaucracy to arrive at a workable vision of what this dump of a place could become.

The full editorial is available on BostonMagazine.

0 Fenway Center Attracts new Partner

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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 Report: Search for new Boston Globe HQ Down to Fenway, Charlestown

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Landmark Center office space in Fenway

Credit: BBJ

The Boston Globe is narrowing its search for its new home. Reports on the BBJ name Fenway and Charlestown as potential destinations for Globe’s new HQ.

The Boston Business Journal states, “local real estate sources have confirmed that two of the newspaper company’s possible destinations are in Charlestown, while the third site under consideration is the Fenway, just a stone’s throw from another prominent asset owned by Henry, the Boston Red Sox. The article also notes, “The Landmark Center in Boston’s Fenway neighborhood will have approximately 360,000 square feet of available space following the departure of Blue Cross/Blue Shield.”

You can real the BBJ article, here.

0 Rosenthal Tax break at Fenway Center Gets Support from Mayor Walsh

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rendering of fenway center project

Credit: Boston Business Journal

Mayor Walsh is looking to offer some reprieve to the Fenway Center Project.  Will this stimulus be enough for the $550 million project to get off the ground?  The residential and commercial market are both very strong and seem to be poised to continue upward; the real concern is the cost of construction.

The BBJ offered some underlying details on the tax agreement:

“The proposed 121A tax agreement, first reported by the Boston Globe Monday, is intended to provide property tax relief in a designated “blighted” areas. The Rosenthal tax plan is expected to be on the Boston Redevelopment Authority agenda at its board meeting on Thursday. The state would also have to approve the arrangement.”

The full article is available on the Boston Business Journal’s website.

0 Development underway on $320 million mixed-use building near Fenway

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Rendering of proposed mixed-use development in Fenway on Boylston Street

Credit: Boston Business Journal

Would you take a $320 million gamble? It appears the Boston office market will embrace it. We have seen office vacancy’s drop while rents have continued upward over the recent years. The Boston office market has tremendous barriers to entry for new product, thus creating a supply and demand problem. Tenants are anxious to capitalize on the benefits of new construction, which allows them to be more efficient with the square footage per employee.

Developer Samuels & Associates is attempting to capitalize on the trend, beginning construction on a new office building on Boylston Street in Fenway. An article on the Boston Business Journal’s website reports:

Samuels & Associates is underway with construction of VanNess, a $320 million mixed-use project fronting on Boylston Street near Fenway Park. Slated for completion in 2015, the project is designed to include two buildings: an 8-story building housing 232,000 square feet of office space and another 11-story building with 172 residential apartments. The development also will include 210,000 square feet of retail space anchored by a 170,000-square-foot City Target, a new small-footprint store format launched by Target Corp. last year. There will also be about a dozen other retailers.

The full article is available on the BBJ.

Related Office Listings
Fenway Office Space

0 Fenway Center Hits Roadblocks

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Architects rendering of Fenway Center in Boston

Credit: The Architectural Team via Boston Business Journal

Does building over the Turnpike have to make roadblocks?  Projects of this nature — like Fenway Center — simply take time and patience.

Amid a number of delays, the BBJ has directed it’s readers to one of the project’s positives to date:

“one part of the development is nearing completion. The new $13.5 million Yawkey Commuter Rail Station reconstruction project, a major component of the development paid for by the state, is underway and ahead of schedule and could be open in a few months.”

The full article is posted on the Boston Business Journal