Watertown Lab Project Gets Tenant, Permanent Financing
A new lab building at Watertown’s Arsenal Yards was refinanced following a Novartis subsidiary’s lease bringing it to full occupancy.
A new lab building at Watertown’s Arsenal Yards was refinanced following a Novartis subsidiary’s lease bringing it to full occupancy.
Watertown leaders hit pause on new building emissions regulations after objections from the business community and condominium associations about the potential costs and complications.
The plans for a 236-unit apartment complex in West Cambridge illustrates Greater Boston’s shifting development economics.
Potential new requirements to discourage fossil fuel use at approximately 150 large buildings in Watertown would drive up housing costs and penalize developers of recent lab projects, opponents say.
An Allston co-living project that’s 97 percent leased just 10 months after tenants started moving into its shared living spaces obtained $58 million in permanent financing.
A 112-room boutique hotel in Boston’s Bulfinch Triangle reopened in October following a renovation and rebranding project.
Boylston Properties received approval to develop a 295-unit apartment complex in Newtonville under the Chapter 40B affordable housing law.
Watertown’s LINX lab development received $94 million in permanent financing from a Paris-based lender.
A vision to turn West Cambridge into a second Kendall Square is coming apart amid record lab vacancies across the region, as the fundamentals of development look set to shift back in favor of multifamily housing.
Despite the region’s historic lab vacancy rate, Boylston Properties is planning a new 175,000-square-foot life science building next to its Arsenal Yards property in Watertown.
Boston’s newest co-living complex opened in January in Allston. And a prominent developer has figured out how to make it work. But city officials have put a pause on more housing developments like this.
Boylston Properties will seek approval for a 307-unit apartment complex on a cluster of commercial properties in Newtonville under the Chapter 40B affordable housing law.
Boylston Properties is looking for growth opportunities in the multifamily housing sector with an active $300 million development pipeline, after hiring a former AvalonBay Communities executive to lead the housing push in Greater Boston.
Allston is a microcosm of Boston’s housing affordability dilemma, as developers target virtually every buildable parcel. But locals say the city isn’t approving the kinds of family-friendly units that would help stabilize the community.
As a downturn in lab space demand throws doubt on future development prospects, fully leased properties appear to offer a safer haven for lenders.
The next wave of arrivals at Arsenal Yards includes health care and service-oriented tenants ranging from a 365-day vet to a body scanning clinic.
A Roslindale industrial site would be replaced by a 230-unit apartment complex under a partnership between two local developers.
The owner of one of the first major life science developments in Watertown has proposed a second building that would bring the combined complex up to 290,000 square feet.
A team of Boylston Properties and Medford-based Velney Development is seeking to redevelop a century-old industrial property near Arnold Arboretum Roslindale for 230 apartments.
The initial tenant of a speculative Watertown lab development is more than doubling its space after recently reporting progress on its drug development pipeline.