The Boston’s Globe’s former office site is poised to be an “Innovation Campus” to foster growth and creativity for our economy. Expected delivery is in the Fall of ’19.
“The BEAT” (The Boston Exchange for Accelerated Technology) will be a life science, technology, and advanced manufacturing facility, a Nordblom spokesman said, its name an homage to the beat reporters who worked in the newsroom headquarters for more than 60 years before the paper moved downtown in 2017, a nod to the nearby Red Line as a neighborhood artery, and a gesture at the lively and open space they hope to cultivate at the fortress-like site.
“Our job is to create something to which people want to go, a great place where they want to work,” [Todd Fremont-Smith, senior vice president and director of mixed-use projects for Nordblom] said. “The city is out of space. The Seaport is done; Back Bay’s done.” And given the need for office, tech, and light industrial workplaces, he said, “we’re trying to do it in a creative and funky way that captures people’s imaginations.”
Where will our next round of innovators set up camp? Some hot spots in Boston and Cambridge are simply too expensive so Marc Bernsau of the BBJ has provided a great comparison of various Boston locations with their respect pro’s and con’s combined with market price. Where can you find a low $20’s rent per square foot?
In a previous post on Boston’s new innovation district, we discuss Mayor Marty Walsh’s recently-formed task force, which is considering an innovation district in four specific Boston neighborhoods: Bowdoin-Geneva and Fields Corner in Dorchester, Dudley Square in Roxbury, and East Boston.
The accompanying article on the Boston Business Journal notes, “Gilad Rosenzweig, founder and executive director of Smarter in the City, thinks Roxbury has the potential to be a home for startups.”
Credit: The Boston Herald
The new ownership is in the midst of some significant changes on the look and feel along with the location. It will be interesting to see what becomes of the 16.5 acre complex in Dorchester that has housed The Globe since the ’50. Additionally, a 150K tenant in the market with garnish many developers and may be the catalyst to get another project out of the ground.
From the BBJ:
“Boston Globe owner John Henry has hiredColliers International to search for the space that would house the Globe’s editorial, advertising and administrative offices. Commercial real estate sources familiar with the search say Colliers has looked in the Seaport area, among other locations in Boston.”