Developer Skanska USA pulled building permits for a $363 million office tower near Copley Square, less than three months after a Massachusetts Appeals Court dismissed a lawsuit by residents of a Back Bay condominium building seeking to block its construction.
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.
Over the past 12 months, office tenants’ active space requirements have increased nearly 26 percent, according to new JLL research.
The Boston City Council and BRA Director Ed Logue found themselves at loggerheads amid accusations of backroom negotiations over a 40-story office tower planned as part of the Government Center urban renewal project.
A developer that bought an office-retail building next to Faneuil Hall Marketplace for $81.8 million in 2019 is seeking to build a 138,000-square-foot addition at a prominent location facing the Rose Fitzgerald Kennedy Greenway.
Construction crews topped off the 43-story One Congress tower at Boston’s Government Center as a brokerage report detailed signs of a recovery in the city’s office market including an uptick in asking rents.
