Commercial & Industrial
Everett Soccer Stadium Again Falls Short on Beacon Hill
Everett elected officials’ latest legislative maneuver to unlock a redevelopment of the city’s soon-to-shutter Constellation Energy power plant fell short again on Beacon Hill yesterday, victim of discord over a late budget bill.
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.
Shelter, Budget Deal Reached, On Hold for Now
Weeks after their talks collapsed, Democrats filed a $3.1 billion compromise spending bill packed with money for the state’s emergency shelter system. But they could not get the overdue legislation across the finish line in the face of frustrated Republicans.
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.
Healey Sketches Out Process to Address Coastal Threats
Massachusetts has more than 1,500 miles of coastline across 78 communities that count nearly 2.5 million people as residents, and the Healey administration on Tuesday mapped out the skeleton of its strategy for preparing those areas to deal with the impacts of a changing climate.
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.
Personnel File – No. 352
Bowditch & Dewy LLP Boston law firm Bowditch & Dewy has hired Matthew Ray for its business and finance and commercial real estate practice groups as a partner. Bristol County Savings Bank Bristol County Savings Bank said it has hired Kelly Masefield to be a...
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.
Plans for Newton Train Stations Up the Ante in Zoning Debate
Newton city councilors are facing pressure to scale back plans to rezone the community’s 13 commercial nodes for more multifamily development to comply with the state’s MBTA Communities law, but one of the mooted suggestions could come at a cost: plans to revamp its commuter rail stations.
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.
Cost of Debt Weighs on CRE Outlook
After a decade-long expansion, real estate investors and developers are confronting the reality that investment will be more selective in 2024 – perhaps even the most challenging financing climate in over a decade.
Transfer Taxes Won’t Increase Competitiveness in the Commonwealth
Instead of focusing on reforms that will boost our economy, the Healey-Driscoll administration is pursuing a policy that will further damage the state’s competitiveness: a new tax on home and building sales.
A Retail to Research Swap at CambridgeSide
Under the direction of Clement Fourny, SmartLabs has begun transforming the top floor of former retail space at the CambridgeSide property into a new life science research center for a broad spectrum of startups.
Bankers’ Help Will Be Key to Downtown’s Next Chapter
Retail vacancies are dropping and the number of restaurants and new, diverse businesses are rising, but downtown property owners need lenders’ help to confront broader headwinds.
The Transit Zoning Rules that Matter
What rules to municipalities have to follow in complying with the MBTA Communities transit-oriented zoning law? What deadlines matter? Who decides if a town is doing the right thing?
Office Construction Slows, But It’s Still a Tenant’s Market
For the foreseeable future, occupiers will have the advantage. Companies considering relocation or lease renewal can leverage the highest amount of vacant office space ever recorded to their benefit in negotiations.
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