As our working population grows, so does our parking demand. In Back Bay, a month parking pass at the Prudential has increased from $445 to $460, while Copley has risen from $320 to $360. SpotHero is trying to help those that are looking for spots.
“SpotHero, which partners with large parking lots and parking and valet garages around the city to offer users thousands of parking spots to choose from, plans to also expand to other neighborhoods in the greater Boston area this year…’Boston is a key market for us that we’re going to put a lot of time into, and that starts with getting inventory in the downtown area and expanding it from there,’ SpotHero co-founder and COO Jeremy Smith remarked to the Boston Business Journal.
Changes are coming to Copley Place, a 52-story tower to house rental apartments and condos. Currently there is no change to the existing office towers.
Bisnow is reporting that “Simon Property Groups $500M expansion of Copley Place–is advancing with the recent city approval of its revised plan to add rental apartments to the residential mix…Simon will build 433 rental apartments and 109 condos instead of 318 condos in the 625-foot, 52-story tower.”