0 North Station Office Market’s Growing Appeal

The North Station market is growing up. Yes, it is still home to The Garden, but with 2.5 million square feet of new developments, it is poised to rival any Boston submarket.

North End office market activity plan

Credit: BostonPlans.org

Unlike the Seaport, it offers a commuter rail hub in North Station, light rail service from the Green and Orange lines, and Interstate 93 – making it a commuter’s dream.

Banker&Tradesman reports, “by 2020, the addition of more than two and a half million square feet of new development promises to reshape the neighborhood with the inclusion of retail, office and hospitality developments…It will also include market-rate and middle-class housing, which will contribute to Boston Mayor Martin Walsh’s goal of creating 56,000 new units by 2030. Growth has been so explosive that the city is developing a North Station Area Mobility Action Plan to account for the thousands of commuters, residents, visitors and arena-goers that ebb and flow in and out of the area daily.”

You can read the full article on Banker and Tradesman: Boston’s New Gateway

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0 Boston Office Tower Construction Surging

back bay south end gateway

Credit: Banker&Tradesman

They all won’t happen in this cycle, but it will be interesting to watch the Boston skyline evolve as projects come out of the ground.

From Banker & Tradesman:

Three office towers totaling 113 stories and nearly 2.5 million square feet, already bearing the Boston Redevelopment Authority’s stamp of approval, are to be built near the MBTA’s Haymarket, North and South stations.

The transit tower trend ratchets up with Boston Properties’ latest vision of a 1.3-million-square-foot development at Back Bay station, including a 26-story office tower. And the BRA is getting into the high-rise act as it seeks an “iconic” redevelopment up to 700 feet for its defunct Financial District garage at 115 Federal St.