0 Seaport Traffic Signs Attempt to Minimize Gridlock

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Traffic sign in Boston Seaport

Credit: The Boston Globe

What is the quickest way home from the office via car? As we all know, this can change based on the day or time of day. Well, there’s an app for that, kind of. The city will be trying out LED signs that are updated remotely with real-time data. The longer-term goal is to make this available online as well.

My plan would be to integrate Google Traffic on a street by street basis and make that available on the LED signs.

The Boston Globe reported “the LED boards will be posted at the exits of high-volume parking garages, providing drivers with real-time driving estimates to help them make more educated decisions — and to help them get the heck out of Dodge as quickly as possible. Three of the signs are set to appear next month.”

Additional details are available on the Boston Globe’s website: Signs to Ease Way out of Seaport

0 Fenway Center Hits Roadblocks

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Architects rendering of Fenway Center in Boston

Credit: The Architectural Team via Boston Business Journal

Does building over the Turnpike have to make roadblocks?  Projects of this nature — like Fenway Center — simply take time and patience.

Amid a number of delays, the BBJ has directed it’s readers to one of the project’s positives to date:

“one part of the development is nearing completion. The new $13.5 million Yawkey Commuter Rail Station reconstruction project, a major component of the development paid for by the state, is underway and ahead of schedule and could be open in a few months.”

The full article is posted on the Boston Business Journal

0 Indoor Cycling Chains Enter Boston Market

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Obesity map by US state

Credit: ncsl.org

When we Bostonian’s think about New York and rivalries we think about Yankees and Jets.  Now we have a fresh New York rivalry coming to our hometown, indoor cycling.  Truth be told, I am not an expert on this, but I strongly believe in healthy competition.  According to the NCSL, Massachusetts has an obesity rate of 22.7 percent compared to New York of 24.5 percent.  So if you want to get healthy and reduce you body mass index visit Flywheels new center at the Prudential complex.

Additional health statistics, along with a state-by-state analysis are available on the National Conference of State Legislatures website.

0 Boston Harbor Garage version 2.0

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Boston Harbor Garage plans for redevelopment

Credit: Boston Globe

It seems that the new vision for the Boston Harbor garage is far more aligned with the community interests. Community interest at times can be hard to quantify, but when they are against you, you know it.  The real question is the height of the parking structure.

The Boston Globe reports “after shelving a prior scheme for two skyscrapers on the garage site, Chiofaro is pitching an array of new ideas, with one key difference. This time, he is trying to focus the public’s attention on what could be constructed on the building’s ground floor, instead of along the skyline.”

The insightful piece on the new plans for the Harbor Garage redevelopment can be found on the Boston Globe’s website.

0 Eight Leases at 85 Devonshire St / 262 Washington St in Boston

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85 Devonshire St/262 Washington St in Boston

Office Building at 85 Devonshire Street / 262 Washington Street in Boston

Our downtown leasing team has assisted KS Partners in in leasing over 24,000 square feet at 85 Devonshire and 262 Washington Street.

CityBizList reported on the results:

“New tenants include Barletta Engineering, represented by Vesper Realty Advisors, Inc., Executive Offices for the Massachusetts Community Colleges and AnnKissam, both represented by Colliers International, Autism Speaks, represented by Newmark Grubb Knight Frank and REsurety on a direct basis….The building is located in Downtown Crossing and provides access to all major MBTA T stops and food and retail amenities, including the new Walgreens flagship store.”

The full CityBizList article is available here

0 Wellesley Bank Opens Location at 1 Federal Street

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Wellesley Bank logo

Credit: Wellesley Bank

A new bank branch combined with a new logo at 1 Federal Street.  Wellesley Bank is one of many banks targeting downtown customers with their new branch.

An article on the Wall Street Journal’s website notes, “the new logo coincides with the opening of the new Boston office location at One Federal Street in the heart of Boston’s Financial District.”

For additional details on the logo and new location at 1 Federal Street, real the full article on the WSJ’s website.

0 Ice Skating at Rowes Wharf this Winter

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Rendering of an ice skating rink at rowes wharf

Credit: Equity Office via BBJ

The BBJ reported today that “Equity Office is planning an ice skating rink this winter under the iconic rotunda of Rowes Wharf, home of the Boston Harbor Hotel.”

This is the type of news that all readers can enjoy and think about; perhaps when their parents took them skating for the first time or a first date with someone special? Either way, what a great use for the space and I look forward to taking a few laps with my family.

Full details are available on the Boston Business Journal.

0 Millennium Tower Breaks Ground in Downtown Crossing

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Rendering of Millennium Tower in Downtown crossing Boston

Credit: rebusinessonline

What does $630M get you in Boston?  A 1.4 million square foot development in the heart of Downtown Crossing.  It will create new residences, office and retail opportunities.

Rebusinessonline is reporting that “Millennium Partners, a New York-based developer, has kicked off construction of its Millennium Tower and Burnham Building development in Boston’s Downtown Crossing neighborhood. Located at the site of the former Filene’s Department Store, the $630 million project consists of the 1912 Burnham Building and the 62-story, 450-unit mixed-use Millennium Tower.”

Continue on to rebusinessonline.com for more info.

Related Office Space Listings
Downtown Crossing Commercial Real Estate

0 Downtown Crossing’s Millennium Project Gets Grocery Store

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Millennium Place in Downtown Crossing

Rendering of Millennium Place in Boston

Our city continues to grow and expand. The addition of grocery stores helps establish a community, which we are seeing at Downtown Crossing’s Millennium project. Now those future residents can really live and work without relying on their car for milk, bread and batteries for the next Nor’easter.

“Massachusetts-based grocery store chain Roche Bros. will open its first downtown Boston location in late 2014…Roche Bros…[joining] advertising firm Arnold Worldwide as the first tenants of the new tower, and will move in by September 2014,” a BBJ article covering the Millennium Project’s future tenant, reports.

For more information on the announcement, continue on to the full article on the Boston Business Journal.

Additional details about the property are available on our residential website: Millennium Project in Downtown Crossing.

0 Boston Office Market Tilts in Favor of Landlords

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Office Building at 116 Huntington Ave. in Boston

116 Huntington Ave. office building in Boston

Rents are up and vacancy is down; this is a good sign for landlords, but not as beneficial for the tenants. Value options still exist in the low rise Class A space and Class B space, particularly within second generation space.

The Boston Business Journal offers some numbers to help explain what started this current trend:

“Over the past year, three million square feet of office space has been absorbed as tenants inked deals in the Financial District, Midtown, North and South Station and Charlestown. Boston’s overall availability rate fell slightly to 15.1 percent from July through September, down from 16.6 percent for the same period one year ago. As availability fell, rents in the Hub’s submarkets swelled by nearly 6 percent to $51.96, up from $49.07 one year ago.”

For more information, read the Boston Business Journal’s article: Market Improving for Landlords