0 North Station Office Market’s Growing Appeal

The North Station market is growing up. Yes, it is still home to The Garden, but with 2.5 million square feet of new developments, it is poised to rival any Boston submarket.

North End office market activity plan

Credit: BostonPlans.org

Unlike the Seaport, it offers a commuter rail hub in North Station, light rail service from the Green and Orange lines, and Interstate 93 – making it a commuter’s dream.

Banker&Tradesman reports, “by 2020, the addition of more than two and a half million square feet of new development promises to reshape the neighborhood with the inclusion of retail, office and hospitality developments…It will also include market-rate and middle-class housing, which will contribute to Boston Mayor Martin Walsh’s goal of creating 56,000 new units by 2030. Growth has been so explosive that the city is developing a North Station Area Mobility Action Plan to account for the thousands of commuters, residents, visitors and arena-goers that ebb and flow in and out of the area daily.”

You can read the full article on Banker and Tradesman: Boston’s New Gateway

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0 North Station Tower Complex: Construction Set to Begin Oct. 27

rendering of North Station tower

Credit: Boston Globe

North Station’s first new tower is set to break grown.  This will add 688,550 rentable square of office and retail.

From Banker & Tradesman:

“The first leg of the 1.9-million-square-foot North Station tower complex, one of Boston’s biggest mixed-use developments, is set to begin construction.
AvalonBay Communities will break ground Oct. 27 on Avalon North Station, a 38-story apartment tower located between the TD Garden and Nashua Street. The project was approved by city regulators in 2013. Plans call for 497 apartments in a 636,550-square-foot structure…The complex also will contain a 306-room hotel, 668,000 square feet of office space, restaurants and retail space including a supermarket. Developers received a $7.8-million, 15-year tax break from the administration of former Boston Mayor Thomas Menino.”