Tag Archives: Commercial real estate in Needham

0 Needham Crossing Progressing

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Needham Crossing development

Credit: prnewswire

The Town of Needham is experiencing a boom in development. With an abundance of newly-constructed office buildings in Needham, recent zoning changes as well as the state’s add-a-lane highway project –- which will include on- and off-ramps for Route 128 at Kendrick Street -– Jeremy Freid, a partner in the suburban arm of Boston Realty Advisors, believes said change will send positive signals to the business community.

A Needham Times editorial on WickedLocal, Let Needham Crossing thrive, includes a progress report on the commercial development:

“The biggest boon to Needham Crossing came in late 2012 when TripAdvisor agreed to move its headquarters there after Needham Town Meeting approved $1.8 million in tax breaks for the company in exchange for construction of a new headquarters and the hiring of 250 additional employees over five years. The new headquarters is slowly coming to fruition. Its steel frame is already up, and the project is moving toward a 2015 completion date.”

0 Needham Business Leaders Push For Change

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Center 128 office building in needham

Credit: Boston Globe

In an uncharacteristic move by the Town of Needham, two permitting changes were made this June. Needham residents have expressed an urge to enhance Downtown Needham with the hope that the reform will pave the way for more significant growth. Among the changes that have taken place, businesses will now have an easier time altering the façade of their office, flex and industrial buildings. Will this have an impact on the look and feel of Needham/Newton office buildings and their asset class?

Newton.WickedLocal notes, “this will save small business owners the hassle of getting on a Planning Board agenda and posting a public notice, plus the optional expense of hiring a lawyer.”

You can read the Wicked Local article, here.