0 Co-Working Office Space’s Impact on the Commercial Environment

Posted on by

Never had this crossed my mind, the social do’s and don’ts of Co-Working and its larger implications.

Co-working office space graphic

Credit: New York Times

From the NY Times:

To get a glimpse of what manners will be like in the office of the future, it behooves us to look at co-working spaces, those offices peopled by freelancers or by workers who have different employers. Many sources predict that by 2020, half of the work force will be freelance.

One theory of etiquette holds that manners are best in communities with fixed populations: If you know that you’ll see Tina again tomorrow (and Tuesday and Wednesday), you’re less likely to surreptitiously scarf down the rest of the half-eaten boysenberry yogurt she left in the office fridge, because daily exposure to her yogurt-based wistfulness will start to gnaw at you, and ultimately turn you into a Munch painting.

0 Co-working Office Space Portends Modern Commercial Real Estate

Posted on by
WeWork Boston

WeWork

It is clear, Co-working is a valuable resource when launching a company.  Depending on, in part your age, or size of your company, shared space is by far changing the traditional office environment. No longer are we a society of cubes and offices; we now have huddle rooms, phone booths, collaboration stations and quiet spaces.

There’s a variety of co-working options and environments available to applicable enterprises; for instances, at WeWork businesses can receive the following:

HOT DESK
A shared workspace in a common area. When you purchase a Hot Desk, there is no need to reserve a particular workspace in advance each day; you can come and go as needed and use any available desk.

This plan includes access to our digital Member Network, events, and services, 24/7 keycard access at your home location, as well as 2 monthly credits for reserving workspaces and conference rooms.

DEDICATED DESK
An assigned desk space in a large open area shared with other members. This dedicated space comes with a lockable filing cabinet for your personal belongings. Desktops may be set up and left overnight. This plan includes access to our digital Member Network, events, and services, 24/7 keycard access at your home location, as well as 5 monthly credits for reserving workspaces and conference rooms.

PRIVATE OFFICE
A fully enclosed, lockable office space. Your company can add on more offices as you grow. This plan includes access to our digital Member Network, events, and services, 24/7 keycard access at your home location, as well as monthly credits for reserving workspaces and conference rooms that correlate with your office size (minimum of 12 credits for a 1 person office).

You can read more on the Daily Free press website.

0 Reebok Moves HQ from Canton to Boston

Posted on by
Canon office building for Reebok

Credit: Boston Globe

Another major corporate tenant is on the move to Boston. Reebok will surrender is corporate campus life in Canton for a vibrant urban feel.

From the Boston Globe:

Reebok, the athletic shoe and apparel company, plans to shift about 700 employees from Canton to a new headquarters in the city…Reebok president Matt O’Toole said the company is still reviewing a few sites in Boston, all in existing buildings and accessible to southern suburbs and mass transit.

O’Toole cited two reasons for the move. Adidas wants to “clarify the roles” of its offices in the United States. And Reebok wants to be in a vibrant urban area where millennials are eager to work and live. The average age of Reebok employees in Canton is under 30, and many live in Boston already, he said.

 

0 Massachusetts Named ‘Most Innovative economy’

Posted on by
Office buildings in Fenway

Credit: Boston Business Journal

According to the smart folks on the left coast, Massachusetts earned the top spot for startups in the country.

From the BBJ:

Massachusetts took the No. 1 spot yet again on a biennial innovation report from an influential California-based economic development think tank.

The ranking, released Oct. 24, “endeavors to benchmark states on their science and technology capabilities and broader commercialization ecosystems that contribute to company growth, high-value-added job creation, and overall economic growth.”

You can read the full article on the Boston Business Journal.

0 GE’s Fort Point Channel HQ Gains Approval

Posted on by
GE HQ in Boston

Credit: Boston Globe

The new GE headquarters has moved closer to a reality in Seaport District of Boston.

The Boston Globe reports, “the board of the Boston Planning and Development Agency Tuesday approved the three-building complex, which includes a striking new 12-story glass building, topped off by a giant, sail-like solar “veil” and an illuminated GE logo. The project still needs zoning and environmental approvals, but GE said it on track to break ground early next year and have at least some of the three-building complex open in 2018.”

You can read the full article on the Boston Globe’s website.

0 Boston Class A Towers Experiencing Vacancy

Posted on by
Office space on Huntington Ave. in Boston

Credit: BBJ

What Boston Class A towers are experiencing vacancy in the midst of a strong office market?

According to the BBJ, “many professional services firms are leaving the more traditional high-rise for gleaming new offices — most often on lower floors — in Boston’s Seaport District. And the wave of technology tenants taking their place aren’t interested in paying top dollar to take over high-rise leases. Rather, they have shown a preference to live, work and play at the center of a buzzing urban neighborhood…That’s increasingly left Boston with multiple towers with blocks of high-rise vacancy, as space closer to the ground gets ever more unavailable.”

The BBJ article further notes, “at the end of March, vacancy in high-rise offices (floors 23 and above) in the Financial District was at 16.3 percent, compared with 10.9 percent in mid-rise space (floors 13-22) and 7.4 percent in low-rise floors (1-12), per Cushman & Wakefield research.”

More information is available on the Boston Business Journal’s website, here.

0 Seaport Shows New Signs of Development

Posted on by

The Seaport neighborhood continues to grow. The latest announcement doesn’t involve a large office tenant moving from the Financial District to occupy a new tower; rather it allows those that live, work, or play in the Seaport today the ability to visit a local pharmacy: CVS.

boston_seaport_watermark_development

From Bizjournals:

CVS Pharmacy officially opened on Sunday in the luxury apartment building Watermark Seaport at 85 Seaport Boulevard. The new store spans 11,590 square feet.

“From the very early stages of development in the Seaport District, it was our top priority to bring a state-of-the-art pharmacy to the area. The thousands of residents and professionals living and working in the Seaport now have the convenience of a one stop store for their everyday needs; we are proud to fill this void and to do so with a brand as reputable as CVS,” said Brian Sciera, vice president of leasing at building owner WS Development in a statement.

0 Fenway Citgo Sign May Find Protection

Posted on by
Iconic Citgo sign in Fenway

Photo Credit: Boston Globe

The rights of the iconic sign in Kenmore Square are being discussed that might protect it in perpetuity. Some are opposed, citing restrictiveness on future development while others want to preserve Boston’s history.

From the Boston Globe:

A draft report being drawn up by the Boston Landmarks Commission would restrict any new owner’s ability to make drastic changes to the shape or views of the iconic [Citgo] sign, which sits above a building that Boston University is selling to development firm Related Beal.

Commission members put together a list of “character-defining features” they would protect through a landmark designation, everything from its 60-foot-by-60-foot dimensions to its famous red triangle and the pattern of its lighting…Also on the list: “unobstructed visibility” from Fenway Park, the Massachusetts Turnpike, Memorial Drive, and elsewhere, which probably would prevent Related from building anything next door that would be taller than the sign.

0 Wharf District Council Envisions Boston Waterfront Transformation

Posted on by
Boston waterfront offices

Credit: BBJ

The Boston waterfront is seeing an unprecedented transformation of office, residential and retail developments, and the Wharf Council is following suite with a new blueprint for the future.

The Wharf District Council’s “public-realm vision” is a plan to improve public spaces surrounding Boston’s waterfront, spanning from the Northern Avenue bridge through Christopher Columbus park.

From the Boston Business Journal:

The plan’s proponents say it’s a necessary supplement to tie together disparate planning efforts. It would create a showcase for art installations and iconic attractions, historic markers and “active gathering experiences.” The plan includes a combined 212,187 square feet in open-space improvements at three key development sites: Marriott Long Wharf, the Harbor Garage and Hook Lobster.

The total cost estimate for the projects outlined in the visioning plan ranges from $24.8 million to $37.8 million, but financing — not to mention who would take on the actual execution of the vision — is unclear. Ris suggested developers looking to transform the three key waterfront parcels could kick in the money.

0 Summer Street in Boston Seaport Expected Home for New Convention Center Hotel

Posted on by
Summer Street convention center Hotel

Credit: Curbed

Boston appears to be ready to welcome a new 1,000 room hotel to the Seaport District on Summer Street, directly across from the Convention Center.

According to Curbed, “a development team that includes the folks behind the Omni brand have emerged as the top bidder to construct an inn with at least 1,000 rooms on a 2.1-acre site in South Boston…the Massachusetts Port Authority is expected to award the bid within the next three months…The hotel would be one of the biggest in Boston.”

For more information, jump over to Curbed Boston.