Tag Archives: Marine Industrial Park

0 Marine Industrial Park, Copley Place Developments Gain Approval

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Our city’s developers continue to expand available options for office, retail and housing.  Locations range from:

·         Simon’s Copley Place in Back Bay
·         Skanska’s Parcel Q-1 in the Seaport
·         Residential project at 14 West Broadway in South Boston
·         Residential project on East 5th in South Boston
·         The Jewish Community Housing in Brighton

Boston marine industrial park

Credit: Boston Redevelopment Authority

The BBJ reports “the Boston Redevelopment Authority has granted approval to 177,845 square feet of development across the city, totaling $65.8 million in new development costs and including 129 residential units in South Boston and Brighton…In addition to the three new development projects it approved, the BRA authorized revisions to two projects, including the $500 million, 542-unit residential and retail expansion in Copley Place.”

We are in the midst of the largest transformation of our city since the ’70’s.

0 Marine Industrial Park to House New Spec Building

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6 Tide Street in Boston's Industrial Park

Photo Credit: Boston Business Journal

As rents have continued to rise and vacancy has dropped, landlords are becoming more bullish on the office market future.  Spec buildings, previously considered a thing of the past due to the high cost of construction (compared to the cost of renovating an existing structure) are reemerging in the Hub’s commercial landscape with a new addition to Boston’s marine industrial park.

The Boston Business Journal reported, “Danvers-based Kavanagh Advisory Group is expected to break ground by year’s end on the first new building in six years on the eastern edge of the Hub’s Innovation District.”

Details on the spec building are available on the BBJ’s coverage of the new development at Marine Industrial Park.