Credit: Boston Globe
The Seaport continues to grow with office towers, residential buildings and hotels.
A recent Boston Globe article notes the Seaport’s impending 14-story tower, on Summer Street in the Raymond L. Flynn Marine Industrial Park…will house both a Hampton Inn and a Homewood Suites hotel following its ribbon cutting, slated for mid-2020.
From the Globe:
The developers [are] aiming to capitalize on a growing business market in the outer Seaport, [with] travelers coming and going from Boston’s Cruiseport, and events at the nearby Boston Convention and Exhibition Center.
Once a seller and now a buyer, the Davis Company is buying 88 Black Falcon Ave. for $60 million. The borders of the Seaport District submarket haven’t changed physically since Davis sold Back Falcon in 2006, but tenants desire to be there has changed. The Seaport office market has blossomed and is now one of the hottest markets in the country with a diverse tenant mix of TAMI, law, and life sciences.
According to a recent article from the Boston Business Journal, “the low-rise complex spans a combined 376,000 square feet, about evenly split between office and warehouse/R&D space, at the far edge of the Raymond L. Flynn Marine Park…Davis Cos. plans to put “tens of millions of dollars into the property,” said CEO Jon Davis, and has tasked architecture firm Dyer Brown with creating a warm industrial aesthetic. Planned improvements include bolstering 88 Black Falcon’s structural underpinnings, adding WiFi throughout the property, and creating a bike storage area and fitness facility. Davis aims to complete work by the second quarter of 2018.”
You can read more on the BBJ, here.