40B Developers Take the Long View
A cluster of new 40B development proposals highlight how this 56-year-old state law could be an important tool as landlords explore alternative uses for suburban office and lab sites.
96-Room Hotel Proposed in Allston
City Realty Group submitted a proposal for a 96-room hotel catering to business travelers and visiting student families in Allston.
City Realty Proposes All-Housing Redevelopment of Office Park
After reducing the project size last year in an attempt to appease neighbors, developer City Realty Group will pursue approval of a 738-unit development in Brookline under the state’s Chapter 40B zoning law.
BPDA Approves Newmarket Labs, Harvard Benefits
Boston planning officials approved a new hybrid building prototype in Boston’s Newmarket district and $200,000 that Harvard University will donate to local organizations as community benefits associated with its institutional projects in Allston.
Prominent Newton Corner Property Sold to City Realty
Allston-based City Realty Group acquired a prominent Newton Corner property best known for its ground-floor tenant Buff’s Pub from a Wellesley developer for $8 million.
City Realty Cuts 266K SF from Brookline Project
City Realty Group presented a redesign of its redevelopment plans for a Brookline office park, reducing the height of the tallest buildings and cutting the overall square-footage by 266,000 square feet.
Hotel-Condo Tower Anchors Chestnut Hill Development Proposal
City Realty Group unveiled plans to redevelop a Brookline office park as a 1.2 million-square-foot development including a 20-story hotel-condominium tower, medical offices and senior housing.
Community Good Works
Rollstone Bank & Trust, based in Fitchburg, pledged $15,000 through its foundation to the Montachusett Veterans Outreach Center in Gardner, a nonprofit organization that supports military veterans and their families. See who else gave back.
Community Good Works
KeyBank announced a $20,000 gift to the Springfield Boys & Girls Club to support a summer learning program at the club called “Brain Gain.” See who else gave back.
City Realty Adds to Leather District Portfolio
City Realty Group took advantage of the steep discounts available in the office market to acquire a Leather District property from MCRE Partners for $13 million.
Overnight Fire Ravages Jacob Wirth Co. Property
A Theater District blaze caused an estimated $3 million in damages to the historic former Jacob Wirth Co. restaurant which was undergoing renovations in preparation for reopening in August.
Community Good Works
The Cummings Foundation, the philanthropic arm of suburban Boston CRE giant Cummings Properties, gave $2 million to Regis College to help train more nurses and establish a healthcare clinic in Woburn. See who else gave back.
City Realty Eyes Redevelopment of Route 9 Office Park
A high-visibility potential redevelopment site on Route 9 has been acquired by City Realty Group with plans for housing and commercial uses replacing a 60-year-old office park.
Community Good Works
Bristol County Savings Bank gave a $10,000 grant to support a local micro-lending program for businesses that can’t ordinarily qualify for bank credit. See who else gave back.
Community Good Works
Fall River-based BankFive announced the first annual recipient of money from its President’s Scholarship Fund: a $40,000 scholarship for a local high school senior. See who else gave back.
Project Delays Start to Stack Up
The next generation of developments with the potential to reshape the Boston skyline are under threat from a combination of higher construction costs, rising interest rates and questions about the region’s housing market.
Community Good Works
City Realty Group Managing Partners Fred Starikov and Stephen Whalen visited the AME Zion Church in Boston, part of Boston-based CRG’s yearly tradition of donating turkeys and pies to help those in need.
Community Good Works
From helping local children make up learning they lost during the pandemic, to boosting local farmers while taking a bite out of hunger, local banks, credit unions and a developer gave back to the community in many ways recently.
Community Good Works
Banks, credit unions and a developer made big donations to fund racial equity and teen health, among other investments in their communities.
Community Good Works
From creative ways to fight hunger and boost local businesses to funding to preserve vital history, banks and real estate developers gave back in several ways in recent weeks.
