0 Boston Flower Exchange Redevelopment Plans Introduced

The proposed plans for the Flower Exchange have been released by the Abby Group.

Rendering of office building at Boston Flower Exchange in the South End

Credit: Boston Globe

Plans for the former Flower Exchange, centered on a 1-acre public plaza are cited in a recent Boston Globe article, noting “Abbey is targeting companies that want to be near Boston Medical Center and Boston University Medical School. The cluster of four buildings of lab or tech office space would total some 1.6 million square feet, rising 200 feet or more near the Southeast Expressway. Offices would have large open floor plans, while restaurants and stores would go at street level, as well as a cultural center and plaza Abbey has dubbed ‘Albany Green’.”

The article also includes a quote from Bill Keravuori, a managing partner at Abbey, defining the vision for the project as “a sort of European plaza…[which would] extend public space across the entire ground floor of the project.”

You can read the full article on the Boston Globe, here.

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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 Globe Photographer Captures Evolution of Boston Waterfront, Seaport

121 Seaport development

Credit: Boston Globe

The evolution of a Seaport submarket through the lens of Boston Globe photographer David L. Ryan from 1982 to present.

According to the Boston Globe, “more than $1.5 billion worth of apartments, condos, storefronts, and office space is under construction in the Seaport right now, all within the span of a few blocks. Another $850 million in projects is set to break ground soon.”

Click over to view a the evolution of the Boston Seaport as captured by the Boston Globe.

0 Social Managers Cultivate Culture, Shape Workplace Environment

Mary Landucci Social Manager at 451 D Street in Boston’s Seaport

Credit: Mary Landucci

Competition breeds a better product and Boston’s office landlords are adding key differentiators. No longer are lobby and common area upgrades the most notable factors when considering a new location for your company. Now tenants might consider items like: Green Factor, Hubway location and Bike Storage, after hours HVAC and Social Managers.

451 D Street in Boston’s Seaport has added Mary Landucci as the Social Manager to assist with coordinating all events for the building.

In an article with Biznow, Landucci notes that “from a recruitment standpoint, it’s become essential for companies, in Boston specifically, to provide their employees with space that caters well to Millennials. My role is a meaningful way for the building landlord to add to that lively, social environment. Also, by having our own building programming as well as a 3,300 SF building lounge, we’re seeking to take some of the pressure off of our tenant companies to be forced to create that space and programming within their own workplace.”

You can read the entire Landucci interview on Biznow’s website.

0 New Commercial Development Planned at Boston Edison plant in Southie

Plant Development in South Boston

Credit: BBJ

Live, work play is coming to an old power plant near you Southie.

According to the BBJ, “The former Boston Edison power plant, a sprawling pink and red-brick behemoth that has long been a South Boston landmark, could be transformed into a ‘live-work-play’ mixed-use project with ‘a broad mix of adaptive re-use and new development.’”

From the Boston vertical of Bizjournals.com:

At last week’s community meeting, Cox and the Boston Edison development team highlighted eight “guiding principles” for the site’s redevelopment potential, including:

  1. Decommission and continue the clean-up of this heavily industrial site so that it is healthy and safe
  2. Take down the walls and fences surrounding the site, and create connections into and through the site, so that it is accessible and inviting to the South Boston neighborhood, and all the way down to the water’s edge
  3. Convert the site to a ‘live/work/play’ mix of uses that fit with the neighborhood.
  4. Preserve and protect the continuing operation of an active, thriving Conley Terminal
  5. Include retail and other uses, and significant public spaces, that will be used by the neighborhood
  6. Preserve some significant building elements, to give the site character and a sense of history
  7. Minimize the use of cars, by providing better transportation alternatives
  8. Make the site green, sustainable and resilient

 

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 Multiple Winthrop Square Proposals Under Consideration

Rendering of Winthrop square development

Credit: Banker and Tradesman

The Winthrop tower development site can take a couple of different paths, mixed use or all residential.

From Banker & Tradesman:

The two largest development proposals for Boston’s Winthrop Square have starkly different visions for an overlooked corner of the Financial District. Both developers Steve Belkin and Thomas O’Brien propose 725-foot-tall towers with a substantial allotment of luxury condominiums, reflecting the current market’s hottest category. But their approaches diverge in satisfying the Boston Redevelopment Authority’s requirements for an innovative economic development strategy and new downtown public spaces.

Six developers submitted mixed-use proposals for the 1-acre municipal garage site at 115 Federal St. The BRA will hear presentations from them in coming weeks with a goal of designating a developer by the end of June. That would set the stage for a review under the BRA’s Article 80 process for large developments later this year.

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0 Seaport Transportation Center Defined

South Boston Waterfront

Credit: Boston Globe

The new name is the Seaport Transportation Center.  No longer is it just a place to park your car, it will house Zipcar vehicles and Hubway bikes.

From the Boston Globe:

‘The goal, chief executive Thomas Glynn said, is to reflect the wider services that Massport hopes to accommodate at the complex. Along with Zipcar and Hubway, there could be space for Seaport shuttles and information for people walking through the area…Calling it the Seaport Transportation Center, that really captured more of the ancillary services it can provide,’ Glynn said. ‘We have the opportunity here to do more than just a garage.’

Construction could begin as soon as this fall, he said, and could be complete by the end of 2017, depending on how long it takes to secure permits. The project could cost as much as $90 million.

0 Real Estate Developments Planned for Boston Train Stations

proposed developments at Boston train stations

Credit: Boston Globe

Train and towers will be the combination for three large-scale projects at prime Boston locations, including South Station, Back Bay Station and North Station.

Brief excerpts on each impending Boston train station development from the Boston Globe:

North Station
Boston Properties and Delaware North have already begun construction at North Station. That project will eventually include a 38-story residential tower, two shorter buildings, and a massive retail complex at the long-empty site of the old Boston Garden on Causeway Street.

Back Bay Station
Across town, Boston Properties recently unveiled an ambitious vision to remake Back Bay Station and a neighboring parking garage as the base of a trio of buildings that would join the Back Bay and the South End.

South Station
And at South Station, the Houston developer Hines is attempting to kickstart long-stalled plans to build what would be among the tallest buildings in the city.

According to the Boston Globe article, “all three projects are complex, in terms of engineering and economics. But for the cash-strapped Massachusetts Bay Transportation Authority, they bring deep-pocketed partners who could help pay for needed transit improvements…In return, the developers would get access to some of the best locations in a crowded city with a growing population, where getting around can be a challenge.”