Category Archives: Mixed-use Development

0 Residential High-Rise in Kendall Square to Follow Zoning Changes

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Boston Properties logoLooking to make Kendall Square your new home? Boston Properties will be bringing 240 residential units and ground floor retail space to Ames Street.

Boston.com is reporting that “the zoning change [approved last week] will allow the construction of a high-rise up to 250 feet tall along Ames Street, where the city is also selling Boston Properties a 20-foot-wide strip of land between Main Street and Broadway for about $2 million.”

Further information on the zoning changes, along with details about the impending high-rise building, can be found in the original article from Boston.com, here.

0 TD Garden Project a Go

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Rendering of the proposed renovation at the TD Garden

Credit: Boston Business Journal

Our outgoing mayor and Boston Properties have struck a deal on the TD Garden project.

According to an article on the Boston Business Journal, “the Menino administration is set to announce that they have reached an agreement with Boston Properties and Delaware North Cos. to allow construction of a 45-story residential tower near North Station and provide a lucrative tax break to support the $1 billion development.”

Full details are available in the original article on the BBJ.

0 TD Garden Project Awaits Resolution

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Boston TD Garden project

Credit: Boston Business Journal

The changing of the guard may have already begun in the corner office at city hall.  It will be interesting to see the outcome of the vote on December 19th by the BRA on a 1.8-million square-foot project around the TD Garden.

According to the Boston Business Journal, “Menino has bristled at suggestions from mayor-elect Walsh and former mayoral candidate John Connolly that the BRA lacks transparency. But the administration’s unwillingness to talk about the negotiations or even allow members of the mayor-appointed Boston Garden Impact Advisory Group participate in the talks has raised questions about what is happening behind closed doors.”

Additional information on the ‘compromise’ is available on the BBJ’s website.

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 South Station Redevelopment: Back to the Drawing Board

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South Station in Boston

Credit: Boston Business Journal

The starts and stops at South Station redevelopment – will we see condos or more office space?

A recent article on the BBJ’s website, quotes a senior vice president in Hines’ Boston office:

Seven years after getting permits for a 1.9-million-square-foot mixed-use project anchored by a 47-story office tower, Houston-based developer Hines is headed back to the drawing board. It plans to reduce office space and eliminate a 200-room hotel while increasing the number of residential units, said David Perry, a senior vice president in Hines’ Boston office.

For the full article, head over to the Boston Business Journal.

0 Boston Office Towers: Occupancy Drop; Rents still Climbing

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State street offices in Boston

28 State Street – Office Building

Where is the value in office space within Boston? Low and mid-rise Class A.

Tenants in recent years have worked on space efficiency like State Street with their new facility in the Seaport, which will have less than 100 square feet per employee. Additionally, tenants have sought out a flight to quality by moving up in floors during the recent economic downturn and locking in rates for a longer term.

The Boston Business Journal cites a survey by Jones Lang LaSalle, “which examined 46 towers in the Back Bay, Financial District and the Seaport, found 22 buildings where occupancies dropped, while 21 saw increases and three were flat, year-over-year. Within the 31.8 million-square-foot office market, 5.7 million is available to lease – the equivalent of three John towers.”

More information from the survey is available on the BBJ’s website.

0 MassDOT Approves Back Bay Hotel, Retail, and Condo Project

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Back Bay development project

Credit: Banker & Tradesman

At Boylston Street and Mass Ave a new project has just gotten approvals from MDOT.

Details on the new project are available in Banker & Trademan, and included the following overview:

“A project at the corner of Boylston Street and Mass. Ave. in Boston’s Back Bay neighborhood involving the construction of a hotel and residential development over the MassPike received approval from the Massachusetts Department of Transportation today…The 99-year lease agreement between MassDOT and ADG Scotia covering two plots of land, known as Parcels 12 and 15, will provide the Commonwealth project value of $18.5 million for the two parcels in the form of fixed payments early in the lease period combined with annual rent payments.”

The full article can be found here on B&T.

0 Copley Place will see $500M Expansion

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Copley place expansion, graphic rendering

Credit: Bisnow.com

Changes are coming to Copley Place, a 52-story tower to house rental apartments and condos. Currently there is no change to the existing office towers.

Bisnow is reporting that “Simon Property Groups $500M expansion of Copley Place–is advancing with the recent city approval of its revised plan to add rental apartments to the residential mix…Simon will build 433 rental apartments and 109 condos instead of 318 condos in the 625-foot, 52-story tower.”

Additional details are available online, here.

Related Property Listings
Copley Office Space for Lease

0 Downtown Boston a Mix of Commercial, Residential, and Retail

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Walgreens and convenience stores in Back Bay Boston

Credit: Boston Herald

Yes people do live here.  Some think of downtown as a place to work while others think of it as a place live, work and play.

In a Boston Herald article Greg Vasil, CEO of the Greater Boston Real Estate Board, noted the confluence of office, retail, and residential elements in Boston, “Downtown Crossing is on its way to becoming another ‘living district,’ where you have the amenity retail, such as the Walgreens superstore, Roche Brothers grocery store, as well as more fitness centers, retail and restaurants.”

The full Boston Herald article is available, here.

0 South Station Redesign?

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Is the commuter hub, South Station poised for a makeover? Well, yes. It seems that the Governor’s team is looking to make an upgrade of the 114-year old terminal.

rendering of a proposed south station redesign

Credit: Boston Business Journal

According to a report on the Boston Business Journal, “Gov. Deval Patrick’s transportation spending plan includes an $850 million expansion of South Station…the architect’s rendering (right) appears to show the 114-year-old train terminal with its roof blown off, replaced by a glass canopy that stretches out to pedestrian walkways extending over the train platforms.”

The full article, along with additional renderings is available on the Boston Business Journal website.