Developer Challenges Waltham Office Park Rezoning
Southborough-based Ferris Development is suing the city of Waltham because its office park wasn’t upzoned for housing alongside three BXP-owned properties.
Southborough-based Ferris Development is suing the city of Waltham because its office park wasn’t upzoned for housing alongside three BXP-owned properties.
From rent control to suburban mega-developments, here are the seven biggest stories that happened in Massachusetts real estate in summer 2026 since Memorial Day.
A Needham office campus that sold last year for $132 million received $72.6 million in financing from Barings.
Office giant BXP plans to build up to 2,000 apartments within three rezoned office parks in Waltham.
The region’s historic lab building boom – and subsequent glut – has largely played out. Now, lenders and landlords are looking for alternative uses for their empty buildings.
Waltham city councilors said letting three office parks redevelop with up to 2,000 new homes, saying the project was vital to the city’s future.
BXP got the OK to add multifamily housing to two of its office parks, but Mayor Jeannette McCarthy vetoed a third.
After receiving $25 million in incentives from the Healey administration to create 1,250 new jobs, Boston Dynamics signed a 323,000-square-foot lease at BXP’s Reservoir Place property in Waltham.
The state Supervisor of Public Records ordered the MBTA to release documents on plans for a new commuter rail station on the Weston-Waltham line tied to a proposed housing development.
Early-stage AI companies are driving office space demand in many established tech clusters, but Boston has remained notably absent from the surge.
BXP sold a Boston waterfront residential building for $55.5 million as part of its strategy to focus on downtown office and life science properties in the region.
A Cambridge-based life science company will relocate to Waltham after signing a seven-year lease at BXP’s 180 CityPoint property.
A three-year campaign to establish the Back Bay’s first business improvement district is nearing the finish line, despite opposition from a major landlord.
Developers are pursuing plans for nearly 4,000 homes on sites currently occupied by office buildings, and more are in line for empty parcels in the same commercial parks.
Between office parks it owns in Waltham, Weston and Lexington, the office mega-landlord now has plans to add around 2,300 new homes in the western Route 128 corridor.
Office parks and a high-profile commercial property in Waltham would be rezoned to allow large-scale housing development under a push by developer BXP.
Lab vacancies in Greater Boston hit 34 percent in the fourth quarter despite a pair of big leases in Somerville and Allston.
Fidelity Investments’ real estate arm added a Kendall Square housing high-rise to its portfolio as it pursues a diversification strategy.
BXP sold its 140 Kendrick St. office campus in Needham to a partnership of Lincoln Property Co. and Cross Ocean Partners for $132 million.
BXP executives outlined plans to sell 23 properties and concentrate investments in “premier workplace assets” in coastal urban markets.