0 Renovations Planned for Seaport World Trade Center

 Seaport World Trade Center

Credit: Boston Business Journal

Real estate changes keep coming to Boston, not only in new construction, but also an assortment of renovations planned throughout the Seaport submarket. One notable update is slated for The Seaport Word Trade Center, which is poised to add 30,000 SF of retail space to its existing 804,000 SF footprint.

Among the intended modifications to Seaport World Trade Center are “plans to close Commonwealth Hall, an existing exhibition space at the Seaport World Trade Center, and create new conference and event facilities at the Seaport Hotel,” a recent article on the BBJ notes.

Further details on the expected renovations are available on the Boston Business Journal.

0 How Stable is Boston’s Flourishing Seaport?

Boston’s Seaport will continue to be on the forefront by planning ahead as construction and development continues. Lower-Level and 1st-floor space is no longer used for utility infrastructure, developers and landlords. New projects house these systems on the 2nd floor or the roof, where appropriate.

Seaport Square Boston

Credit: The Architect’s Newspaper

290 Congress Street, owned by Boston Properties, utilizes a water fence that gets installed should it be necessary. To-date this has only been used once in March of 2018.

From the Financial Post:

in this old city’s booming Seaport District, General Electric is building its new world headquarters, Amazon is bringing in thousands of new workers, and Reebok’s red delta symbol sits atop the new office it opened last year. Three businesses are testing self-driving cars, other dynamic companies are planting their flag, and trendy restaurants and apartments have gone up virtually overnight. But after bad flooding during a storm this past winter, critics wonder whether it was a bright idea to invest so much in a man-made peninsula that sits barely above sea level.

Environmental activists warn much of the district, transformed from a wasteland of surface parking lots, rotting piers and abandoned rail yards into an economic engine and one of the city’s most expensive neighbourhoods in a matter of years, simply isn’t prepared for the long haul.

 

0 Northern Avenue Bridge Renovation Billed as ‘Postcard for Boston’

Seaport Bridge on Northern Ave

Credit: Boston Globe

Boston Seaport continues to be a destination for those who want to live, work and play in Boston’s newest neighborhood. The result of this influx has been traffic and headache. The Northern Avenue Bridge rehab won’t reduce traffic, but it will add a vibrant pedestrian connection back to the Financial District.

According to the Boston Globe, “the City of Boston has come up with this concept: an elevated, steel-truss bridge with dedicated lanes for pedestrians, bicyclists, and cars. The fixed span could be covered, and piers could be built to extend over the water. Cafes, shops, and public art could also line the bridge.”

‘It has the potential of being one of those places that serves as a postcard for Boston,’ said Rick Dimino, the president of A Better City, a Boston business group, and chair of the city’s advisory task force on the bridge.

The full Globe article is available on its website, here.

 

 

 

 

 

0 New Seaport Tower on Summer St will Include a Hampton Inn, Homewood Suites

rendering of new office building in seaport

Credit: Boston Globe

The Seaport continues to grow with office towers, residential buildings and hotels.

A recent Boston Globe article notes the Seaport’s impending 14-story tower, on Summer Street in the Raymond L. Flynn Marine Industrial Park…will house both a Hampton Inn and a Homewood Suites hotel following its ribbon cutting, slated for mid-2020.

From the Globe:

The developers [are] aiming to capitalize on a growing business market in the outer Seaport, [with] travelers coming and going from Boston’s Cruiseport, and events at the nearby Boston Convention and Exhibition Center.

 

0 The Davis Company Moves on Major Seaport Developments

Rendering of modern seaport office complex

Credit: Bisnow

The Davis Company has big plans for the Seaport area of Boston, which includes the construction of the Seaport’s largest hotel to date, along with the renovation of a 376-square-feet of industrial space in the heart of Boston’s most bustling commercial submarket.

From Bisnow:

“Our goal is to help continue the transformation of South Boston’s waterfront district, as there has already been significant development over the last several years,” Omni Hotels & Resorts CEO Jim Caldwell said.

The Omni project is not the only development the company has underway in the neighborhood. Davis announced in April a return to a stretch of the Seaport it famously revived before the rest of the neighborhood began its current building boom.

“The Seaport, and in particular the Raymond L. Flynn Marine Park area, is arguably becoming Boston’s most innovative research and development cluster,” Davis Cos. founder and CEO Jonathan Davis said.

0 Davis Co. Returns to Boston Seaport District, Purchases 88 Black Falcon Ave.

Once a seller and now a buyer, the Davis Company is buying 88 Black Falcon Ave. for $60 million. The borders of the Seaport District submarket haven’t changed physically since Davis sold Back Falcon in 2006, but tenants desire to be there has changed. The Seaport office market has blossomed and is now one of the hottest markets in the country with a diverse tenant mix of TAMI, law, and life sciences.

Seaport office building on Black Falcon

Credit: Bizjournals

According to a recent article from the Boston Business Journal, “the low-rise complex spans a combined 376,000 square feet, about evenly split between office and warehouse/R&D space, at the far edge of the Raymond L. Flynn Marine Park…Davis Cos. plans to put “tens of millions of dollars into the property,” said CEO Jon Davis, and has tasked architecture firm Dyer Brown with creating a warm industrial aesthetic. Planned improvements include bolstering 88 Black Falcon’s structural underpinnings, adding WiFi throughout the property, and creating a bike storage area and fitness facility. Davis aims to complete work by the second quarter of 2018.”

You can read more on the BBJ, here.