Tag Archives: Fort Point neighborhood

0 Seasoned Fort Point Landlords Ready to Cash Out

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The Seaport is for sale!  The landlord’s that have participated in the lease of up to 3.7 million square feet of new tenant space since 2010, are looking to cash out and move onto new opportunities.  Class B rents have surpassed the $40.00 per square foot mark on Summer Street.

Boston's fort-point neighborhood in the downtown Seaport district

Credit: cityofboston.gov

Banker and Tradesman points out that “nearly 750,000 square feet of office space is currently on the market, or nearly one-fifth of the neighborhood’s office inventory. The six properties include the Thomson Reuters office portfolio, an assemblage of 10 buildings containing 414,000 square feet of brick-and-beam space.The transactions will go a long way toward determining whether Fort Point can retain its status as an Innovation District, or whether rents set by the new owners will force startups to look elsewhere.”

Additional information on the transformative Fort Point neighborhood is available on B&T’s website.

0 ‘Life is Good’ Moving from Back Bay to Fort Point

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Office building in fort point bostonLife really is good in the Fort Point and Seaport District! The influx of amenities and direct access to transportation had led the area to become a destination location for many office tenants. Vacancy rates have decreased and rents have risen, but employers along with employees love the vibrant atmosphere the area has to offer.

An editorial on the Boston Business Journal covering the relocation of the apparel company, Life is good, notes that the company is “taking 22,000 square feet in a renovated industrial building at 51 Melcher St. – space for about 70 workers.”

The BBJ coverage also expands upon the company’s expectations of Fort Point neighborhood.

0 French Restaurant, Bastille Kitchen, to Open on Melcher Street

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Dining room at Bastille Kitchen

Photo Credit: Grub Street Boston

The Seaport/Innovation District is not only a live/work area of the city, but now a destination location for a great dining experience. Restaurateur Seth Greenberg’s new bistro will add a touch of French flavor to Boston’s Fort point neighborhood.

Grubstreet.com quotes Greenberg’s vision, “Bastille Kitchen will be the destination dining anchor to Boston’s Fort Point neighborhood that Pastis is to New York’s Meatpacking District.”

0 Melcher Street Grows into Hub

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Offices on Melcher Street in Boston named 'M Block'

Photo Credit: Stuart Cahill for the Boston Herald

The Seaport District continues to evolve with a new micro market on Melcher Street, designated as “M Block.”  This is a combination of residential, office and retail on what was once a cut through.  Now it will be a destination location accommodating todays changing lifestyle that is mirrored Meatpacking District in New York.

Office rents for Class B space have jumped to the low $40’s PSF with very few available options.

According to a report by Donna Goodison of the Boston Herald, “a new campaign branding it as the “M Block” is designed to draw attention to the restaurant, office and residential projects bringing new life to the street of former warehouse buildings probably best known for the old elevated pedestrian bridge that stretches above it.”

Follow the link for more information on the development of Boston’s M Block.