Scape Redesigns 406-Unit Fenway Apartment Tower
Housing developers submitted a new design for a 30-story Fenway tower to comply with regulations on properties bordering the Emerald Necklace.
Spec Industrial Project Gets 444K SF Tenant
A medical equipment distributor leased 444,413 square feet at an industrial development in Uxbridge, in the region’s largest lease at a speculative project in 2023.
A Rare Low-Rent Deal Materializes in South Boston
A Portland, Maine exchange program organizer is marketing 45,000 square feet of new office space to nonprofits at 69 A St. in South Boston.
BPDA Approves Whole Foods Redevelopment, Fast-Track Decarbonization
Boston Planning & Development Agency directors opened a fast lane to approval of decarbonization projects at municipal properties, including an estimated $1.2 billion to remove fossil fuel systems at public housing.
Davis Cos. Completes $72.5M Everett Tank Farm Purchase
The Davis Cos. paid $72.5 million to acquire the 100-acre ExxonMobil property in Everett, prompting Conservation Law Foundation to announce a settlement of a seven-year-old lawsuit seeking a cleanup of the fuel storage facility.
Gillette Factory Redevelopment Plan Due in January
Gillette Co. will begin its permitting in January for a mixed-use development transforming 31 acres of South Boston waterfront into a mixed-use campus.
128-Room Cape Hotel Sold to Lexington Investor
A Lexington hotel management company is expanding its portfolio with the $10.7 million acquisition of a 128-room Cape Cod Hotel.
Developer Estimates $100M Pricetag for Everett Cleanup
Environmental cleanup of the ExxonMobil fuel storage property in Everett will cost $100 million, Boston-based The Davis Cos. estimates, but could unlock over 4 million square feet of development.
Arson Attempts Hit Delayed Allston Development
Two fires set at a compact living development under construction in Allston were attempted arson, according to a Boston Fire Department investigation.
Rockland Trust Finances Project to Add Affordable Housing on Cape
Nonprofit Preservation of Affordable Housing will use a $12.5 million loan from Rockland Trust Co. to develop a project designed to address the housing crisis on Cape Cod.
Vicinity Energy Begins Electrification of Cambridge Plant
Decarbonization of a 75-year-old Kendall Square power plant passed a milestone this week with delivery of an electric boiler that will replace gas-fired turbines to heat buildings in Boston and Cambridge.
Real Estate Developers Rally Around Midwood Project
Boston restaurant owners, business groups and commercial real estate developers argued that a proposed office tower that’s been subject to a lengthy review is a necessary element of downtown’s post-COVID recovery.
14-Story Dana-Farber Tower Will Take Seven Years to Build
Construction of New England’s first dedicated cancer hospital would span a seven-year period and create 320 inpatient beds at a new 14-story tower in Boston’s Longwood Medical Area.
Fellsway Development Revived after 40B Ruling
Boston-based Davis Cos. is seeking approval of 289-unit development following a state board’s ruling that Medford is subject to the Chapter 40B affordable housing law.
Davis Cos.’ Acquisition of ExxonMobil Property Back in Play
The sale of the 100-acre ExxonMobil fuel storage facility in Everett is progressing as a proposed environmental cleanup could clear the way for a multi-million-square-foot redevelopment.
WinnDevelopment Begins $55M Mill Housing Conversion
A $55.3 million adaptive reuse project will create 88 affordable senior apartments in a historic mill complex that’s sat vacant for decades in downtown Holyoke.
Gibbons Ousted as MCCA Boss
David Gibbons is out as Massachusetts Convention Center Authority’s executive director following an 8-year tenure that attracted recent criticism of management’s handling of real estate development and diversity efforts.
St. Regis Gets $240M Loan from Cottonwood
The developer of the St. Regis Residences in Boston’s Seaport District received a $240 million mortgage from a company that developed the nearby Echelon Seaport complex.
Watertown Mall Redevelopment Approved After Office-Housing Swap
A 1.2 million-square-foot makeover will replace the bulk of the Watertown Mall property with life science buildings and multifamily housing after a major biotech developer dropped plans for an office building.
BPDA Approves 656 Housing Units, New Harvard Theater
Developers received approval for 656 housing units at a series of multifamily projects planned across Boston, including a new American Repertory Theater that will provide 275 housing units for Harvard students and staff.
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