BPDA Seeks to Standardize Community Benefits
Changes designed to streamline Boston’s complex and often unpredictable development review process will get a first public airing at a series of neighborhood meetings starting this weekend.
Hydrogen Energy Company Expands Production in Billerica
A Billerica hydrogen technology company that received $44 million in federal funding this spring renewed its lease for a Rivertech Park property as it ramps up production.
Boston Apartment Rent Increases Led U.S. in April
Greater Boston’s apartment market has the highest rent increases among the 30 largest metro areas in the U.S., reflecting increases in both the high-end and “rent-by-necessity” categories.
Oliver Street-Bain Partnership Get Financing to Expand Peabody Property
A partnership that owns a Peabody distribution center leased to an e-commerce company refinanced its debt with $52.7 million from MassMutual’s Barings subsidiary.
Condo Development Sought in Marlborough Office Park
A Southborough-based real estate developer wants to rezone a Marlborough office park to allow construction of residential condominiums.
WeWork Plans to Keep Two Boston Locations
WeWork locations totaling nearly 275,000 square feet in downtown Boston and Back Bay would remain open under a motion submitted in the coworking provider’s bankruptcy case.
Boston Proposes 2026 Deadline for Net Zero Developments
After imposing carbon emissions-cutting requirements on existing commercial buildings, the city of Boston is planning to add zoning regulations applying to new construction starting in January 2026.
Skanska Awarded $40M Contract at Logan Airport
Massachusetts Port Authority awarded a $40 million contract to Skanska USA Building for a scheduled 2-year-long parking garage renovation project that will begin this summer.
Broker Sought to Market $70M Development in Bankruptcy Case
A trustee asked a federal bankruptcy court to appoint brokerage Cushman & Wakefield to market an approved Readville multifamily development that’s been stalled since 2020.
Harvard Square Tenants Get Temporary Reprieve
Tenants at The Garage in Harvard Square are getting a reprieve because of the headwinds in commercial real estate development.
Related Beal Closes on Financing for Vertex Lab Project
A development group led by Related Beal completed its financing for development of a Vertex Pharmaceutical-leased research center that’s ramping up construction in South Boston’s Raymond L. Flynn Marine Park.
Wakefield Turns Down MBTA Communities Zoning
Wakefield joined Marshfield and Milton in the suburban resistance to the MBTA Communities housing production law, rejecting three proposals to rezone an area near transit for multifamily development.
Developer Alleges Fraud in Delayed West Roxbury Project
The developer of a delayed West Roxbury apartment complex claims that its general contractor engaged in “rampant misconduct” by withholding over $2.2 million in payments to subcontractors.
WeWork Seeks to Drop One Lincoln Lease
One Lincoln owner Fortis Property Group faces another big office vacancy to fill if a bankruptcy court approves WeWork’s motion to reject the lease on its 241,000-square-foot coworking center.
Developer Submits Hotel Plan at former CBT Offices
Redevelopment plans by Rhino Capital Advisors would restore the historic facade of a Bulfinch Triangle office building while creating an 82-room hotel with an “urban contemporary aesthetic.”
EMC Data Center Sold for R&D Conversion
An EMC office building and data center in Hopkinton will be repositioned for R&D and flex tenants following its sale to a Boston developer.
Uniqlo Announces Opening Weekend Events in Braintree
Clothing chain Uniqlo will mark the opening of its fourth Greater Boston store this week with a series of promotions in partnership with local institutions including the Museum of Fine Arts.
Life Time Fitness Announces Back Bay Expansion
A high-end fitness club that operates five suburban locations in Massachusetts will expand into Boston in 2025.
Developers Line Up to Lure Vertex HQ
As Vertex Pharmaceuticals weighs whether to relocate its headquarters, Boston-based Beacon Capital Partners is aggressively pursuing a new lab project that could lure the life science firm from its Fan Pier perch.
Insurer Breaks Ground on Campus Expansion in Norwood
Insurer FM Global has broken ground on a new all-electric-powered campus expansion in Norwood that utilizes 221 geothermal wells to reduce its energy consumption.
This Week’s Newspaper
