0 Boston Global Investors Moves Offices to Seaport

Posted on November 6, 2015 by Wil Catlin

office building at 1 Post office square in Boston

Credit: Boston Business Journal

Putting their money where their mouth is, Boston Global Investors is moving to the Seaport. They will be moving to Block H along Seaport Boulevard once construction is complete on their 6,00 square foot parcel.

From the BBJ:

Boston Global Investors will move its headquarters from its current office at 1 Post Office Square in Boston’s Financial District to the Seaport…The firm last week spent $2.21 million to buy a 6,000-square-foot parcel at Seaport Square’s Block H, located along Seaport Boulevard…a four-story office is under construction at the site, and Hynes said Boston Global Investors will relocate there when construction is finished.

With the final parcels trading hands last week, Seaport Square’s 23 acres have officially sold for $665.2 million since 2011. The parcels were originally acquired in 2006, in a deal spearheaded by Hynes with financing from Morgan Stanley, for $203.75 million.

0 12 Acres in Seaport Square Sells for $359M

Posted on November 4, 2015 by Wil Catlin

Credit: Banker&Tradesman

Trades continue to happen in the Seaport with W/S Development buying 12.5 acres for $359 million.

Banker&Tradesman reports “the parcels, which stretch from Northern Avenue to Summer Street, are the last available developable tracts within the master-planned Seaport Square that is reshaping the waterfront…They’re preapproved for 2.8 million square feet of development, including 1.25 million square feet of residential buildings, 500,000 square feet of stores and restaurants, 400,000 square feet of office space and three hotels. The land also includes a park currently being built between Seaport Boulevard and Northern Avenue, and the completed Q Park on Stillings Street.”

You can read more about the final developable area within Seaport Square on B&T’s website, here.

0 WiredScore Indicates Office Space Connectivity

Posted on September 6, 2015 by Wil Catlin

Click on the image to view additional property details for 230 Congress St.

The office tenants in today’s market factor many variables as they narrow down the list of potential locations. Today, one of the top three questions my team hears is connectivity; who’s in the building. Gone are the days of just replying by saying, “A T1.”

Tenants what to know who are all the providers, how is the building’s infrastructure set up to handle loads, and what are the annual costs. Some companies demand dual providers for fault tolerant service. A company that is looking to certify the entire U.S. office market is WiredScore with their certification levels of connectivity.

Platinum: Best in class connectivity
Gold: Redundant, diverse internet connectivity
Silver: Meets needs of most commercial tenants
Certified: Meets minimum standards

Beacon Capital of Boston is one of the 1st landlords to certify their entire portfolio. 230 Congress Street is certified platinum.

Related Listings
Follow the link or click on the image to view the property details and availability for 230 Congress Street.

0 Marine Industrial Park, Copley Place Developments Gain Approval

Posted on June 9, 2015 by Wil Catlin

Our city’s developers continue to expand available options for office, retail and housing. Locations range from:

·         Simon’s Copley Place in Back Bay
·         Skanska’s Parcel Q-1 in the Seaport
·         Residential project at 14 West Broadway in South Boston
·         Residential project on East 5th in South Boston
·         The Jewish Community Housing in Brighton

Credit: Boston Redevelopment Authority

The BBJ reports “the Boston Redevelopment Authority has granted approval to 177,845 square feet of development across the city, totaling $65.8 million in new development costs and including 129 residential units in South Boston and Brighton…In addition to the three new development projects it approved, the BRA authorized revisions to two projects, including the $500 million, 542-unit residential and retail expansion in Copley Place.”

We are in the midst of the largest transformation of our city since the ’70’s.

0 Seaport Growth Necessitates Transit Overhaul

Posted on February 11, 2015 by Wil Catlin

Credit: Banker and Tradesman

The fast growing market is the Seaport of Boston. The growth has put a tremendous squeeze on all aspects that connect that part of the city to its surrounding areas and the city is looking at a variety of solutions to ease the commuter pain. This would range from the haul road, ferry service and Silver line. This by no means will happen overnight, but at least it is getting the attention it requires.

Banker and Tradesman outlines the immediate actions recommended within [the next] six months:

• Expand use of the Bypass Road to all vehicles from Richards Street to West Service Road full-time and from I-93 to Richards Street eastbound during the morning rush hour.
• Allow all vehicles to use the northbound HOV lane from I-93 to the Ted Williams Tunnel.
• Speed up the Silver Line by giving it signal priority at the D Street intersection and add real-time arrival information for passengers.
• Install new Hubway bike sharing stations at Thomson Place, the Gillette Co. and Channel Center.
• Consolidate corporate shuttle bus services along A Street.

You can read the full B&T article on its website, here.

0 Final Meeting for South Boston Waterfront Sustainable Transportation Plan

Posted on January 6, 2015 by Wil Catlin

If we can’t get to and from our workplace in a reasonable amount of time, we will find a job that we can. Boston continues to grow its daytime and bedtime population and we need to constantly improve transportation infrastructure.

From the Boston Business Journal:

“One of the central goals of the transportation plan is to improve access and mobility across multiple modes of transportation for residents, workers and tourists throughout the neighborhood, which in theory will maximize economic growth and vitality along the waterfront and, as the draft plan says, “enhance the public realm.” The draft plan also highlights expanding community connections within South Boston and the South Boston Waterfront and enhancing mobility inside the Waterfront itself.”

0 New Collaborative Office Spaces for Boston Startups

Posted on March 13, 2014 by Wil Catlin

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

Posted on March 3, 2014 by Wil Catlin

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 How Startups Pick their Hometowns

Posted on February 18, 2014 by Wil Catlin

Credit: BBJ

Frequently when I meet with young companies their initial request is, what will it cost? My reply is usually is, “ If it was free and the perfect configuration, but in Western Massachusetts, would you take it?” The reply, “No.”

Companies that are in growth mode care about access to qualified potential employees. In the Boston market we see many companies prefer to be within the city core as opposed to be outside the city for that simple reason. The younger workforce doesn’t own or doesn’t want their commute to involve an automobile.

According to a research report on the Boston Business Journal, here’s are the three aspects that entrepreneurs say actually did sell them on their hometowns:

1. Population & talent

2. Livability

3. Strong area supply chains

The full BBJ article is available, here.

0 Boston Startups: Rent Desks from WeWork

Posted on February 6, 2014 by Wil Catlin

Office buildings on Melcher st in Boston

Credit: fortpointchannelboston

Mobility seems to be the cornerstone for the general population. Be it a smart phone or a tablet, we are on the phone and don’t wish to be tethered. The same is true for office space; CEO’s today are looking for flexibility with a collaborative environment, not a long-term lease. Desk and office rental is the solution. Pay for exactly what you need, when you need it.

The wait is over. Boston businesses now have a new, dedicated outlet for desk rentals and office space: WeWork. According to the Boston Herald, “what separates WeWork from other “co-working spaces” is the sense of community they build…there is a sports lounge in the basement of WeWork Seaport in Fort Point, complete with arcade games, a pool table and kegs. Members also get access to WeWork companies across the country for possible partnerships.”

Additional information on WeWork is available in the Boston Herald article.