0 Seaport Office Market Expands with Growth of 22 Boston Wharf Rd.

Boston Wharf road office building

Credit: Banker and Tradesman

The Seaport office footprint continues to grow upward. 55,000 square feet is being added to the top of 22 Boston Wharf Road.

According to Banker&Tradesman, “Bentall Kennedy, the real estate manager for landlord Multi-Employer Property Trust, is overseeing construction of two floors of open-format office space totaling 54,712 square feet. Another 55,000 square feet is available on the seventh and eighth floors in space previously occupied by TRO Boston and Red Thread…The space will be ready for tenants to begin interior fitouts as soon as this fall, said David Fitzgerald, a partner at CBRE/New England which is representing ownership.”

The full article is available on the Banker and Tradesman website, here.

0 Harbor Way Key to Seaport Square Development

Harbor Way lot in South Boston

Credit: Boston Globe

The Seaport has evolved as a live, work and play destination recent years and WS has an interesting spin on, Harbor Way.

From the Boston Globe:

Seaport Square is a 23-acre parcel that stretches from Northern Avenue to Summer Street and represents the last chance for the district to save itself from becoming a sea of generic office and condo buildings and a playground for those who can only afford it.

WS thinks Boston’s answer to Manhattan’s High Line is the Harbor Way, a tree-lined pedestrian promenade that will connect Summer Street to the water’s edge by Fan Pier. The thoroughfare will extend a third of a mile through Seaport Square and hook up with the HarborWalk in an attempt to finally make the Seaport District pedestrian friendly.

0 South Boston Office Space Planned for 105 W. First Street

Proposed South Boston office building

Credit: BBJ

Southie is looking to have a new office building at W. First Street totaling 266,000 square feet.

A recent BBJ article notes the South Boston building’s proposal includes “space for a retail, cafe or restaurant; a “convener” space that could host a co-working-style office; and an enclosed pedestrian connector that will connect West Second and West First streets in South Boston.”

More information is supplied in the complete article on the Boston Business Journal’s website, here.

0 Solution Needed for Truck Traffic in Boston Seaport

Traffic in Boston’s Seaport continues to frustrate all that try to navigate the area. Truck traffic continues to increase, but the city is looking to mitigate the congestion with some innovative solutions.

Trucks at night in South Boston Seaport

Credit: Boston Herlad

From the Boston Herald:

Container and delivery trucks are rumbling through South Boston and the Seaport 6,000 times a day on average, according to a new Massport survey, rattling the high-priced loft and condo tenants

“A lot of folks moving to the Fort Point area, they weren’t necessarily expecting the volume of trucks,” he said. “That’s the polite way of putting it.”

The state has sought to address that, investing $75 million to build a freight corridor from the terminal to divert container trucks off of nearby West First Street.

0 Rose Kennedy Greenway Realizing Potential

Greenway in South Boston

Credit: Boston Business Journal

Growing up, the Central Artery that hosted Interstate 93 was anything but a place to hang out; today it is a vibrant park hosting food trucks, Wifi and people on 15 acres stringing our city together.

According to the Boston Business Journal, “Lawn On D in South Boston, owned and operated by the Massachusetts Convention Center Authority…is on track to reach more than $1.2 million in net revenue for 2016. That represents 300 percent growth over revenue of $400,000 generated the year prior…Since 2009, when the Greenway was first opened and some people in Boston were referring to the open space as the “Emptyway,” the Greenway has tracked growth by a number of metrics: food trucks and their patrons; third-party events along the Greenway and their attendees; wireless Internet users; and carousel riders, to name a few.”

More information on the Greenway’s growth is available on the BBJ, here.

0 Dorchester Ave in the Crosshairs of Boston’s Next Development Boom

Map of Dot Avenue

Credit: Banker & Tradesman

Growth is inevitable, but where and when it happens fosters much debate.  Dot Ave appears to be in the crosshairs of the next development boom for Boston.

According to Banker and Tradesman, “the South Boston Dorchester Avenue plan sees potential for up to 16 million square feet of new development on 144 acres of predominantly industrial parcels over the next two decades. The product of a 10-month study and community review, the plan will go to the Boston Redevelopment Authority board of directors for approval this summer…The study anticipates that the forces of gentrification that have swept through other sections of South Boston and the South End will transform the corridor, which is bookended by the Broadway and Andrew T stations.”

You can read more about the development of Dorchester Avenue on B&T.

0 South Station Tower Adds International Investors

Rendering of a proposed office tower over South Station

Credit: Boston Globe

The proposed 51-story tower at South Station has attracted Gemdale Properties of China. Development rights for this project expire in April of 2017.

From the Boston Globe:

Houston-based Hines said the upper floors of the 51-story tower now include plans for 175 condominiums, with office space below. Thursday night, it won approval from the Boston Redevelopment Authority to bring a new majority investor — an arm of big Chinese builder Gemdale Properties — into the project.

“We are delighted to join in this venture with Hines to develop such an important and well-located project in a city which is exhibiting some of the strongest office and residential condominium market fundamentals in the US,” Gemdale said in a prepared statement.

0 Range of Boston Offices Considered for GE HQ

GE Fort Point Seaport offices

Credit: Boston Business Journal

The selection for GE’s site didn’t come without evaluating many other options that ranged from Back Bay to North Station.

From the BBJ:

Boston officials initially considered 20 development sites, both a mix of private and publicly owned buildings and land parcels, to pitch to GE. And first on the list that Boston officials considered was Fort Point’s “100 Acres Area” — a master-planned effort to transform the existing surface parking lots around the Procter & Gamble/Gillette plant, and GE’s ultimate final choice for its permanent headquarters locations.

The sites were eventually narrowed to seven final options, five of which were located in the Seaport District, in a Dec. 1 pitch book to GE (NYSE: GE) executives. GE’s ultimate choice for a headquarters — a 2.5-acre plot on the Fort Point Channel owned by Procter & Gamble Co. — was not highlighted in the final pitch book.

0 Interest Renewed in South Station air-rights Development

Architects rendering of south station air-rights development

Credit: BBJ

Texas and South Station come together. It appears that Hines from Texas is dusting off the plans of South Station that last saw the light of day over 10 years ago.

From the Boston Business Journal:

The Boston Redevelopment Authority in 2006 initially approved a development plan from Hines and Tufts University affiliate TUDC Inc. for a 1.8 million-square-foot mixed-use air-rights development, to be built in three phases between the back of South Station and the existing bus terminal. At the time, plans included a 40-story office tower, a nine-story office building and a 13-story building that contained 200 hotel rooms as well as up to 195,000 square feet of residential space. The three towers were slated to range in height from 183 feet to 678 feet total, according to a 2006 development plan.

Representatives from Hines have been to Boston’s City Hall several times in recent months to discuss the project and potential changes. If Hines were to move forward with a project that’s significantly different than the project the BRA approved in 2006, the firm would need to file a notice of project change, said BRA spokesperson Nick Martin. That would kick off additional project reviews such as a public comment period and approval from the BRA board, Martin said.

0 Downtown Boston Parcel near I-93 is Available for Redevelopment

Downtown Boston real estate for sale

Credit: Boston Business Journal

New development opportunities in the city of Boston are being offered up by the State.  Are you looking for 5.5 acres for your new corporate headquarters within walking distance of South Station?

From the BBJ:

A 5.5-acre state-owned parcel of land between Chinatown and South Station is being made available for redevelopment, creating as much as 2 million square feet of new construction, Massachusetts Gov. Charlie Baker and Boston Mayor Martin J. Walsh announced this morning.

The site is located at 185 and 165 Kneeland St., currently home to the District 6 headquarters for the Massachusetts Department of Transportation, the Rose Fitzgerald Kennedy Greenway Conservancy office and the Veolia Energy steam plant. The MassDOT district headquarters will be relocated or replaced, and a scaled-down version of the Veolia North America plant will be included as part of the redevelopment, state officials said.