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.
Medford to Rezone Wellington Area, and Maybe More, Under State Law
Medford officials will consider whether to rezone properties at and around the MBTA’s Wellington station to comply with the MBTA Communities law encouraging multifamily development near transit.
Drone Researchers Will Relocate to Schrafft Center
A Boston company that develops drone technology for the agriculture sector expanded with relocation to the Schrafft Center in Charlestown.
Trinity Financial Named Top Pick to Develop Charlestown Property
Boston-based Trinity Financial is the recommended pick for a $495-million development at a Charlestown property that is the first major test of Mayor Michelle Wu’s program to turn surplus municipal real estate into affordable housing.
Brookline Overwhelmingly Approves Housing Plan
Voters approved zoning amendments that could spur redevelopment of Brookline’s main commercial corridor from low-rise retail buildings to multifamily housing complexes.
Pier 4 Office Building to Add Life Science HQ
A Rockland life science company will relocate to Boston’s Pier 4 office pier complex this summer with a lease of 60,500 square feet for its new headquarters.
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