0 Millennium Partners Lands Winthrop Square Project

Rendering of winthrop square office building

Credit: Bizjournals

Millennium Partners wins the prize for the impending Winthrop Square development. The proposed tower would stand 750-feet, adding office, residential and retail space in downtown Boston.

According to the Boston Business Journal, “the New York-based development firm proposed a 750-foot, $1.02 billion ‘hybrid high-rise’ tower, with 14 stories of office space and 36 levels of residential sitting atop a 65-foot high podium space known as The Great Hall. It would also include a 14,620-square-foot startup accelerator to be developed in partnership with the city.”

You can read the full article on the BBJ, here.

0 Broomfield Street in Downtown Crossing in the Crosshairs of Change

Bromfield street in Boston

Credit: Wbur

Boston continues to grow and change, the result of which, is larger developments with big footprints. Change is at the forefront for some neighborhoods that are witnessing redevelopment on a grand scale.

Bromfield Street in Downtown Crossing is in the crosshairs of change, and it is possible that the two-block street might follow that of the 8-track player.

From Wbur:

On Wednesday night, the Boston Redevelopment Authority will consider plans for this new curved, irregular tower at 1 Bromfield St. And that could portend huge changes for the little street once described as Boston’s “hobby street,” where there’s still just a little bit of the old Boston left.

The proposed building would be 700 feet tall — as tall as Millennium Tower — which is in the final stretches of its construction across the street at 1 Franklin St. The New York developer, Midwood, would have to get the height restriction in the neighborhood changed to build the project.

0 Rents Continue to Climb for Downtown Boston Office Tenants

100 high street in Boston

Credit: B&T

The recent trades on the Class A and B will provide the fuel for increased rent growth for 2015 as new owners justify their investment.  Rent concessions and tenant improvement dollars will move the opposite direction.

“Rents in Boston’s Downtown Crossing have risen from $25 to $35 per square foot in the last two years, with growing demand from tech tenants…for tenants looking for pockets of value, good deals remain in the low-rise floors of Financial District buildings, where vacancies remain in the mid-teens and rents average in the low $40 range,” according to a quote from Joseph Sciolla, managing principal at CresaPartners Boston on Banker&Tradesman.

You can read the full article on the B&T website.

0 Downtown Crossing Farmers’ Market: Roche Bros. Can’t Wait

Roche Bros. farmers market in downtown crossing

Credit: Boston Business Journal

The newest tenant to downtown crossing has opened, kinda, even though their space isn’t ready yet.  Looking for fresh fruit an vegetables, stop by daily from 10 AM to 6 PM!

Roche Bros. to set up a farmers’ market outside of its coming Downtown Crossing location to introduce itself to the neighborhood until the store officially opens in early Spring, 2015.

According to a news release today, printed in the BBJ, “the grocer is setting up five fresh produce stands outside the historic Millennium Tower/Burnham Building where construction is currently underway on the company’s 25,000 square-foot flagship supermarket. The open-air offerings are scheduled to operate seven days a week, from 10 a.m. to 6 p.m. The produce stands will primarily feature fresh fruits, as well as some vegetables, flowers, and seasonal baked goods. The Roche Bros. team will keep the stands open through October.”

You can read the complete statement and related article on the Boston Business Journal’s website.