0 40 Broad St. in the Financial District Sells for $110m

Posted on by
40 Broad St. in the Financial District, Boston

Photo Credit: The Boston Globe

The Financial District in Boston sees another Class B trade; the lucky bidder was TIAA-CREF. Now all eyes move to 50 Congress Street as final bids are due next week.

An article today on The Boston Globe’s website, reporting on the sale of 40 Broad St., notes the larger trend, “prices on high-end commercial properties in Boston have shot up since the end of the recession. In January, the 12-story tower at 11 Beacon St. fetched $34.9 million — just three years after it sold for $16 million. Late last year, the rehabbed 11-story building at 2 Oliver St. went for $52 million. Its previous sale two years earlier was for $10 million.”

Follow the link to read the Globe’s full article on the sale of 40 Broad St.

Related Commercial Property Listings
Office Space for lease in the Financial District

0 Filene’s Groundbreaking Set

Posted on by

 

Filenes in Downtown Crossing construction
Photo Credit: Boston Business Journal

The transformation of our city continues.  The former Filene’s site in downtown crossing is active with construction workers on the new tower complex.

A BBJ article reports, “nearly five years after construction ground to a halt at the former Filene’s site in Boston’s Downtown Crossing leaving a crater in the city’s shopping district, the new development team has set a groundbreaking for next month.”

The complete Boston Business Journal article is available here: Filenes Groundbreaking

0 Twin Towers Proposed at TD Garden

Posted on by
Rendering of proposed towers at TD Garden in Boston

Photo Credit: Boston Redevelopment Authority (via BBJ)

The North Station submarket area could be home to more than our beloved Celtic and Bruins. This project would bring more than just sports fans to the area, it would add 1.7 million square feet of office, retail, and residential space to that area.

According to a Boston Business Journal report, “a joint venture of Boston Properties and Delaware North Cos. have filed plans to build a pair of office and residential towers on Causeway Street next to the MBTA’s North Station…the 1.7-million-square-foot mixed-use development to be built on a 3-acre parcel will feature up to 300,000 square feet of multi-story retail space, 500 residential units in a 600,000-square-foot tower, a 200-room hotel, an office tower containing 600,000 square feet of Class A office space and 800 underground parking spaces.”

To read the full article, continue on to the Boston Business Journal online.

0 Seaport Apartment Development Seeks Approval

Posted on by
Office Building at 281 Summer St. in Boston

281 Summer St. in Boston’s Seaport

The Seaport continues to attract new construction in different production classes. Apartments and a hotel is the newest looking for approval.

The BBJ notes, “Madison Properties is seeking approval for a 22-story apartment tower that would include a 12,900-square-foot lobby with retail, and innovation space. The apartments would be a mix of studio, one-, two-, and three-bedroom units and parking for 132 vehicles.”

For more information on the proposed development, follow the link to the Boston Business Journal’s article: Seaport Apartments Proposed

Related Commercial Real Estate Listings
Available Office Space for lease in Boston Seaport

0 Brighton Commuter Rail Station Receives Approval

Posted on by
Office building at 1330 Boylston St. in Boston

Office Building at 1330 Boylston St.

How do you get to work? Would you take public transportation if it stopped close to your home or office?  Do you select office space based on its proximity to North or South Station?

A Boston Business Journal article reports that the station development is heavily influenced by New Balance’s proposed corporate world headquarters, “the station would be built next to New Balance’s proposed $235 million corporate world headquarters. As mitigation for the 1.4 million-square-foot mixed-use development, the sneaker giant has agreed to cover the cost to design, build and maintain the station. The plan received initial approval from the Massachusetts Department of Transportation’s Finance Committee on Tuesday. A vote of the full board will take place next week.”

For additional information on the station and New Balance’s new development, jump over to the BBJ’s article here: Commuter Rail Approved in Brighton

Related Office Listings
Office Space for Lease in Allston and Brighton

0 Boston to become more Bike Friendly

Posted on by
Bike lanes in Boston make the city more bike friendly

Photo Credit: Boston Globe

We have all seen them, some of us know them, and others are them. I am a firm believer in sharing the road, but all that use the road need to obey the same laws. Countless times I have nearly been hit by cyclists heading the wrong way on Boylston Street. I’m not too sure what they are thinking, but I know as a driver, it’s against the law.

An editorial in the Boston Globe, based on a comprehensive multi-year study on city-wide bike collision data, reports “city transportation officials hope to introduce cycle tracks, bike lanes separated from the street by a barrier, on a few sections of busy roads…Police, who have for years ­issued warnings to cyclists who run red lights or glide through stop signs, will now hand out $20 citations…and city officials are considering a plan to push city councilors to pass a law requiring all cyclists to wear a helmet.”

You can read the complete article on the Boston Globe website: Boston Bicycling Safety

0 Tavern at the Office?

Posted on by
Beer tap in office computer

Photo Credit: DarkRoastedBlend.com

As tenants think about space layouts and efficiency factors some tenants are creating a far more relaxed atmosphere. Imagine your own pub at the office; 51 Melcher Street in Boston Seaport will have it.

Bert Jacobs, CEO (Chief Executive Optimist) and co-founder of The Life is Good Company, in an article on the Wall Street Journal, states, “when we move our headquarters from Boston’s Back Bay to the Seaport District this fall, we’re going to build a tavern in the office…we’ll put some beers on tap, like Harpoon IPA and maybe Guinness. It will have lounge seating, a big fireplace and a bar area. People can work there or hang out with friends or co-workers. The idea is to blur the lines between work and play.”

WSJ subscribers can read the full article, here: I’m Building a Tavern at My Company.

0 Fenway Center Project Cleared

Posted on by
Rendering of the Fenway Center project in Boston

Photo Credit: Boston Globe

Projects that seems only to be dreams in years past are moving forward to reality.  The Fenway Center development will bring a 27 story office and retail complex along with 550 apartments to the area along the turnpike.

According to a Boston Globe article, “Governor Deval Patrick’s administration has struck a deal to allow construction of Fenway Center, a $500 million mega-development in Boston that would transform scrubby parking lots near the storied ballpark into a bustling complex of homes, stores, offices, and parking.”

To read the full article, continue on to the Boston Globe online.

Related Commercial Real Estate Listings
Fenway Office Space

0 With Bike Lanes, Retail Sales up 49% in NYC

Posted on by

Is a bike lane coming to a street near you?  Our neighbors to the South in NYC have seen a surge in retail sales traffic after lanes have been added.

According to an article on the Boston Business Journal website — citing a report from the New York Department of Transportation from November, 2012 — “after the city of New York installed bike lanes on 8th and 9th avenues in Manhattan, retail sales on 9th Ave. from 23 to 31st streets grew 49 percent, compared to 3 percent boroughwide.”

Graphic detailing the impact Bike lanes have on retail sales

Photo Credit: NYC DOT via Boston Business Journal

You can read the full BBJ article, here.

0 DNA Testing Truck Roves Boston

Posted on by
Boston vending truck, DNA testing vehicle roaming the city

Photo Credit: Brian Jipson via Boston Magazine

So, if you were touring office space would you worry about what vending trucks were selling on your block?  Me, no, after all that’s what makes our country great!

Boston Magazine reported on an unusual truck roaming the streets of downtown Boston:

“Parked along the corner of Summer and Otis Streets, the “Who’s Your Daddy” paternity testing truck, which takes swabs and samples on the spot, caused quite the stir. ‘Today was insane, there must’ve been a thousand pictures people were taking,’ says Jared Rosenthal, owner and operator of the truck, and employee of the company that runs it, Health Street. ‘We are looking to expand services here. We have clinics in the area, but this is the first time we have really had the truck [in the city].’”

Follow the link to read the full article on BostonMagazine.com

Related Office Listings
Commercial Real Estate for Lease in Downtown Boston