Credit: Curbed Boston
Could the Midtown Hotel site be the home to the next office or residential tower in Boston Back Bay? Speculation says Back Bay would be most receptive to height.
A sale of the one-acre site would likely lead to a much larger building in the 159-room hotel’s place, per the Globe’s Tim Logan. And that sale would likelier be on the pricier side, reflecting the skyrocketing land values of prime development sites in downtown Boston in general.
For instance, the MidTown site’s lease could go for as much as $80 million—$15 million more than developer Carpenter & Co. paid in 2014 for the smaller site that became One Dalton, which is on its way to being one of the five tallest towers in New England.
Additional information is available on Curbed Boston.
The new norm is ‘where can we build more options?’ 1000 Washington Street could be the new home of office space on top of the existing garage.
A BBJ report notes, “Nordblom Development Co. has proposed building the office space at 321 Harrison Ave., a parcel that’s adjacent to an existing 11-story office building and 300-space parking garage. The existing office, located at 1000 Washington St., is primarily leased by the commonwealth’s division of capital asset management and maintenance…Nordblom’s proposal states it would build the office as “an addition to the existing parking garage… with a new lobby and significant pedestrian realm improvements.” The project would take 60 spaces away from the garage.”
You can read the full BBJ article, here.
Boston’s hotel community is hoping to welcome a new player to the scene, AC Marriot. The brand has started in Europe and has recently expanded into the U.S. market. If you are thinking about where your clients will stay when visiting your office, the following map outlines a 15 minute walk to the new proposed hotel.
The Boston Globe indicates, if approved, “the six-story AC Marriott would be on Albany Street, adjacent to the Ink Block site. It would replace a pair of low-slung brick buildings that formerly housed offices for Independent Taxi and F.W. Webb…The company wants to start construction in the fall, with the hotel’s opening scheduled for early 2017.”
You can read more on the Boston Globe’s website.