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0 Boston Residents: Text In Your Choice to Fill Storefront Vacancies

Posted on April 23, 2014 by Wil Catlin

This is a very interesting idea. I would love to see the results and read the texters’ suggestions; I imagine they would likely differ from the residents of the community. Either way, a great reach out program.

Credit: Boston.com

According to Boston.com, city officials are looking to use crowdsourcing to “help reduce the number and duration of business vacancies, increase community involvement, and promote innovation, according to municipal workers spearheading the pilot program.”

Back bay commercial space at 360 Newbury St. in Boston

360 Newbury Street

We’re using our Twitter feed (@bradviors) to garner opinions on what you’d like to see occupy 360 Newbury Street.

Tweet your suggestions using #360Newbury in your message.

You can see the responses here: 360 Newbury Street

0 Rosenthal Tax break at Fenway Center Gets Support from Mayor Walsh

Posted on April 22, 2014 by Wil Catlin

Credit: Boston Business Journal

Mayor Walsh is looking to offer some reprieve to the Fenway Center Project. Will this stimulus be enough for the $550 million project to get off the ground? The residential and commercial market are both very strong and seem to be poised to continue upward; the real concern is the cost of construction.

The BBJ offered some underlying details on the tax agreement:

“The proposed 121A tax agreement, first reported by the Boston Globe Monday, is intended to provide property tax relief in a designated “blighted” areas. The Rosenthal tax plan is expected to be on the Boston Redevelopment Authority agenda at its board meeting on Thursday. The state would also have to approve the arrangement.”

The full article is available on the Boston Business Journal’s website.

0 Mass. Pike Project to Alter Allston/Brighton Neighborhood

Posted on April 22, 2014 by Wil Catlin

Birds-eye view of the Mass Pike curves near Allston and Brighton

Credit: The Boston Globe

If you commute from West of the city using the Pike, it seems that your drive to Boston could get shorter, well kind of. The now-shuttered rail yards at the Allston/Brighton exit is the focus of an undertaking that aims to straighten the Mass. Pike roadway in that area.

According to coverage from The Boston Globe, “the state Department of Transportation project is simple: Rebuild Allston’s section of the Massachusetts Turnpike to make it less curvy, allowing for cars to travel through new, all-electronic toll plazas without slowing.,,But the $260 million construction project, scheduled to begin in 2017, has attracted the hopes and dreams of transit activists, business bigwigs, and leaders from around the region, all of whom believe the project, and the 60 acres of land to be opened up by the highway straightening, has the potential to dramatically redefine Allston-Brighton.”

Details on the proposed highway project are available on the Boston Globe’s website.

0 Public Food Market Approved for Greenway

Posted on April 22, 2014 by Wil Catlin

Credit: The Boston Globe

This will be a great addition to community and Greenway. Looking forward to visiting when it goes live; the concept reminds me of the Ferry Plaza Farmers Market in San Francisco.

The Boston Globe reports:

“Plans for the year-round market along the Rose Fitzgerald Kennedy Greenway were approved Thursday night by the Boston Redevelopment Authority. The project, expected to cost $14 million, will include up to 45 vendors as well as a bakery, seafood raw bar, and demonstration kitchen staffed by local chefs….’For people who live close to the market looking for fresh produce, this is going to be a godsend,’ said Liz Morningstar, executive director of the nonprofit Boston Public Food Market, which will develop and manage the facility.”

0 Cambridge Co-working Office Space Sends Five Entrepreneurs to Shark Tank

Posted on April 22, 2014 by Wil Catlin

Workbar, coworking space in Cambridge MA

Credit: BBJ

Co-working office spaces continue to create a platform where innovative ideas can turn into companies. Yes, I’m a fan of Shark Tank and I love how the show boils a product pitch down to five minutes from pitch to investment.

Reporting on the local angle on the show, the BBJ notes that “entrepreneurs drove from New York, New Jersey and Connecticut to pitch their business ideas at Cambridge co-working space Workbar on Thursday in hopes of getting national exposure on ABC’s Shark Tank…About 100 people were standing in line an hour before pitches started.

The growing interest and relevance of co-working office space in Cambridge is beneficial to both the entrepreneurs, who will spur future growth, as well as the environment and infrastructure that surrounds it.

For details on the five selected entrepreneurs, read the full article on the Boston Business Journal.

0 129 Tremont Street Lands New Capital One 360 Café

Posted on April 19, 2014 by Wil Catlin

Credit: BostonSF.com

A bank becomes a coffee shop. Well, I walked into this establishment for a quick meeting and I must admit, it was pretty cool. I got a cup of coffee and a quick bite to eat and I sat down to watch the comings and goings of the operation. In the 20 minutes I was there I noticed moderate coffee customers, but I didn’t notice any bank customers. Not sure why, but I sure this will become the rage as more of us are looking for service and convenience. After all, who would have thought 10 years ago that a bank would open in a supermarket and have office hours on Sundays.

An article on BostonSF.com notes additional details of the new establishment at 129 Tremont St.:

The café features a full service coffee bar, LCD video walls incorporated into an all glass façade, and a warm and inviting ambiance. Venetian plaster, faux brick walls and a wood slat ceiling define the space. Polished concrete floors are intricately inlaid with an elliptical reclaimed wood floor product. The café offers music and Wi-Fi to customers, as well as information on Capital One services via multiple LCD displays throughout the space. All of this while hiding the inner workings of a fully functioning café in the background.

0 Boston Waterfront: $20M Upgrade Proposed

Posted on April 19, 2014 by Wil Catlin

Credit: Bisnow.com

This is terrific news and should be implemented immediately. Public access to our natural beauty is imperative to the City’s continued growth in the years to come. Not too far back, the suppression of the Central Artery bridged many areas of our city and created the Greenway.

From Bisnow:

“The City’s new proposal to spend $20M to upgrade 40 acres along the waterfront from the North End to Fort Point with open space, cultural attractions, and entertainment (fingers crossed for Ferris wheel) will elevate the rapidly changing district, BRA deputy director for waterfront planning Richard McGuiness tells Bisnow. The aim: upgrade the border of “our greatest natural resource: Boston Harbor.”

The complete Bisnow article is available on its website, here

0 Boston Realty Advisors Exclusively Retained to Lease 360 Newbury St. in Back Bay

Posted on April 18, 2014 by Wil Catlin

360 Newbury Street

Looking for cool creative office space at the gateway to Boston? Check out 360 Newbury St. in Boston’s Back Bay.

From BostonSF.com:

Boston Realty Advisors (BRA) announced that it has been exclusively retained to lease 360 Newbury Street, offering 40,640 square feet over three levels. In addition to excellent Mass Pike visibility and a unique architectural dynamic – penned by famed architect Frank Gehry — this iconic stalwart of the Boston skyline maintains flexibility for tenants with a variety of square footage requirements. 360 Newbury Street presents an unsurpassed opportunity in the market. Commanding an unrivaled presence in the Back Bay.

360 Newbury Street Property Brochure

360 Newbury Street Floor Plan

0 Boston Emerges as State’s Tech Startup Hub

Posted on April 10, 2014 by Wil Catlin

Has Boston really become the state’s capital for startups? Well yes. This came to be for two primary reasons; public access and cost of real estate. Downtown Crossing, DTX, is serviced by the T’s Red, Green Orange and Blue lines. Combined with the Silver Line and a short walk from South Station it offers employers a great recruiting tool as they vie for new talent.

Economics. Plain and simple. DTX is the last real value play within the Class B market and is what most startups are seeking. Opportunities can still be achieved with in the upper $20’s PSF while most buildings are pricing in the low to mid $30’S PSF.

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The Boston Globe’s niche online business publication, betaboston.com, notes the following:

Last year…Boston accomplished a previously unheard of feat in the tech world by having more venture capital deals than Cambridge — for years the center of gravity of the startup scene in Massachusetts. And a large number of those deals went to companies located outside the Innovation District, in neighboring business zones such as the Financial and Leather districts and Downtown Crossing.

0 Boston Office Market Maintains Strong Results for Landlords

Posted on April 10, 2014 by Wil Catlin

155 Federal Street

The Boston Office market continues to produce strong results for landlords. The low rise Class A and Class B market in the Financial District continue to offer a value option to prospective tenants.

According to news site, news.gnom.es, “First quarter 2014 marked Greater Boston’s fourth consecutive quarter of positive absorption. The market also posted its highest four-quarter positive absorption total since 2007, with 3.6 million square feet absorbed from second quarter 2013 through first quarter 2014.”

The article quotes 542,000 SF of positive adsorption in Boston in the First Quarter. You can read the full article, here.