0 Dukakis: North-South Rail Link Would ‘Pay For Itself’

Former Gov. Dukakis speaking in Boston

Credit: Wgbh

Transportation is a key driver to a city’s economic success.  Former Massachusetts Gov. Michael Dukakis met with Gov. Charlie Baker to discuss a underground rail connection between North and South Station.

From Wgbh:

“It’s important to understand that both South and North station are getting increasingly congested,” [Former Governor Michael Dukakis] said. “We’re getting perilously close to a point where we’re not going to be able to get any more trains into those stations. Both of them, by the way. The answer from the [MBTA] over the course of the past few years, under administrations of both parties has been that we ought to expand South Station and add another seven tracks. We are paying consultants, even as we speak, to plan that for $1 billion or $600 million for seven tracks—that’s insane. Nobody in the railroad business is expanding 19th-century stations, they’re connecting them. There must be 50 major cities, all over the world, that have the same problem we do, and they’re connecting them. That’s exactly what we should do, not spend any more time on this foolishness about expanding South Station, it won’t solve the problem.”

To get from North Station to South Station, Amtrak and commuter rail passengers must travel through the city via other means— there is no commuter rail directly between the two stations. The North-South Rail Link, proposed by former Governors Dukakis and Bill Weld, would connect both stations, uniting both stations and bringing passengers North, as far as Maine.

0 North Station Transportation Plan gets $400k

development near Boston north station

Credit: B&T

The integration of transportation, services and infrastructure is paramount to a city’s success. Boston’s North Station is now benefiting by receiving $400K towards a transportation plan that will look at short and long term solutions.

Banker&Tradesman reports, “the nine-month project will encompass the West End, Bulfinch Triangle and Government Center, where nearly 8 million square feet of commercial and residential projects are expected to be completed in the next few years…The Boston Redevelopment Authority (BRA) and the city’s transportation department are overseeing the project designed to analyze the existing network and future needs…The $400,000 is expected to cover the entire cost of the project, BRA spokesman Nicholas Martin said.”

More information is available on B&T, here.

0 Boston Garden Gets Design Approval

BP is on the march in North Station area of Boston with approvals Boston Civic Design Commission.

Boston Garden project rendering

Credit: Boston Business Journal

From Bizjournals’s Boston vertical:

When fully built out, Boston Garden will be a 1.87 million-square-foot mixed-use development with a residential tower and an office tower sitting atop a multi-level podium connecting North Station and TD Garden to Causeway Street…The project’s first phase is a $285 million steel-and-glass podium named “Champions Row.” Beyond creating a transportation hub for North Station commuters as well as crowds at TD Garden, the “Champions Row” podium is slated to include a Star Market grocery store; a 20,000-square-foot sports bar that can hold up to 500 patrons; a 50,000-square-foot entertainment venue that could seat up to 1,000 people; a movie theater; a bowling alley; and additional retail space.

0 226 Causeway Street Sold to Invesco for $92M

226_causeway_st_boston

The Causeway

Invesco is the new owner of 226 Causeway Street for $476.68 per square foot. Tenants include the following:

• TripAdvisors
• Oxfam America
• Grant Thornton
• Stantec
• Boston Celtics
• March Communications

According to the BBJ, “the property was sold by Spear Street Capital, a real estate investment fund with offices in New York and San Francisco. Spear Street acquired 226 Causeway St. in 2011 for $43 million…First-quarter office rents averaged $32.95 in the North Station neighborhood, with 4.5 percent office vacancy, according to JLL.”

You can read more about the Causeway Street sale on the Boston Business Journal.

0 North Station Offices to Resemble ‘Old Boston Garden’

rendering of North Station office development

Credit: Banker&Tradesman

Boston Properties is on the move in North Station with a $10.9 million new site at 80 Causeway Street. Boston Properties plans to build 2-million square feet including low-rise offices with a familiar facade.

Banker & Tradesman reports “new renderings by Gensler Architects show a pair of office buildings facing Causeway Street including one with oversized windows resembling the exterior of the old Boston Garden, which was demolished in 1998…Boston Properties is partnering with the Jacobs family, owners of the TD Garden and Boston Bruins, on the mixed-use project.”

You can read more on the North Station Development on B&T.

 

0 Uber Moving to North Station Area of Boston

uber bostonUber is on the move and headed for new digs in the North Station area of Boston.  The North Station office market still reigns as a value option compared with Back Bay and the Seaport.

The Boston Herald describes the scale of Uber’s new space at 239 Causeway St., noting “The 17,494-square-foot office is nearly three times the size of the company’s current office near South Station, and comes with an option to expand to another floor in the future.”

Rents in the Class B market can range from the low to mid $30’s PSF.