Channel Center Loan Transferred to Special Servicer
Following State Street Corp.’s recent decision to vacate the property, the One Channel Center office building in Boston’s Fort Point has been transferred to a special servicer.
Following State Street Corp.’s recent decision to vacate the property, the One Channel Center office building in Boston’s Fort Point has been transferred to a special servicer.
The scope of the massive Dorchester Bay City project is expanding further to nearly 6.5 million square feet with developers’ acquisition of a neighboring parcel containing the Boston Teachers Union headquarters.
Accordia Partners’ proposed 5.9 million-square-foot Dorchester Bay City development is rekindling a running dispute between University of Massachusetts-Boston and a developer that owns 50 acres just south of the site.
Boston’s first-in-the-nation fair housing zoning law is already influencing key elements of the city’s largest proposed development, Dorchester Bay City, as Accordia Partners spells out how its affordable housing strategy will exceed what’s typically expected in new projects.
A master-planned development on 34 acres could bring 1,740 housing units and 4 million square feet of commercial space to the Dorchester waterfront.
Accordia Partners’ plans for a nearly 6 million square-foot development in Dorchester join a series of high-profile projects bringing large-scale multifamily units, office space and hotel rooms to the Morrissey Boulevard corridor.
Developers are proposing a 5.9-million-square-foot mixed-use development including 1,700 housing units on the former Bayside Expo Center property in Dorchester and a Morrissey Boulevard parcel they bought last year.
A 1-acre South Boston industrial property approved for 250,000 square feet of office and lab space has been sold to Tishman Speyer for a potential speculative development.
State Street Corp. is offering to sublease its office space at two of the four buildings it occupies in Quincy, where it’s had a major back office presence for decades.
A Waltham real estate investment firm has acquired the Fairlawn Apartments, a 347-unit apartment complex in Boston’s Mattapan neighborhood.