0 1,700-car Garage Plotted for South Boston Waterfront

Posted on November 24, 2014 by Wil Catlin

The growth of the Seaport District has created a number of challenges and one of the prominent ones is parking. Massport is looking to offer some relief to this by building a 1,700 car garage atop the Pike.

Credit: WaterSideBoston.com

The Boston Globe offers details on the proposed parking additions, noting it “would be built over a strengthened section of the turnpike tunnel near the World Trade Center complex. Although the site is about a third of a mile from the Seaport Square area, where visitors to Fan Pier and attractions like the Institute of Contemporary Art vie for parking with workers from the adjacent financial district, Massport said the parking garage would be vital for apartments and a planned hotel near the convention center.

For more information on the proposed South Boston Waterfront Garage, jump over to the Boston Globe’s website

0 Boston Office Towers: Occupancy Drop; Rents still Climbing

Posted on November 10, 2013 by Wil Catlin

28 State Street – Office Building

Where is the value in office space within Boston? Low and mid-rise Class A.

Tenants in recent years have worked on space efficiency like State Street with their new facility in the Seaport, which will have less than 100 square feet per employee. Additionally, tenants have sought out a flight to quality by moving up in floors during the recent economic downturn and locking in rates for a longer term.

The Boston Business Journal cites a survey by Jones Lang LaSalle, “which examined 46 towers in the Back Bay, Financial District and the Seaport, found 22 buildings where occupancies dropped, while 21 saw increases and three were flat, year-over-year. Within the 31.8 million-square-foot office market, 5.7 million is available to lease – the equivalent of three John towers.”

More information from the survey is available on the BBJ’s website.

0 Tavern at the Office?

Posted on May 14, 2013 by Wil Catlin

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 Boston’s Small Businesses Leading the Recovery

Posted on March 28, 2013 by Wil Catlin

After just attending the Bisnow 2nd Annual State of the Seaport District it is very clear that small business are in fact leading the recovery. Dave Greaney, president of Synergy Investment, who’s company caters to these firms, has seen an impressive upswing in new tenants gravitating downtown and specifically to the Seaport/Innovation District. Rents have risen more than 50% in the last 24 months and are expected to continue to climb.

The Boston Globe reports, “From a bread maker in Andover to an auto parts maker in New Bedford, small businesses are reporting growing demand, increasing sales, and an improving outlook.”

More information on the Boston recovery is available on the Boston Globe website.