Embracing Sustainability Offers a Solution to Boston’s Office and Housing Crises
There is a clear opportunity to embrace sustainability strategies while reconfiguring Boston’s building stock for a more sustainable future.
There is a clear opportunity to embrace sustainability strategies while reconfiguring Boston’s building stock for a more sustainable future.
The study recommendations offer “consistent and fair baseline and bonus heights” for new projects, the draft plan states, replacing a mishmash of more than 20 height limits.
It’s becoming clear that things are going to get worse in downtown Boston before they get better despite the city’s office-to-residential conversion pilot program. The scale of the problem is just too great.
More than three years after downtown Boston’s office workers went remote, there is no sign of a sea change that will entice them to leave their kitchen tables for their offices full-time. And it could stay that way if the city, state and industry don’t work together.
Under its new CEO Peter Gottlieb, Hobbs Brook Real Estate is diversifying the geography and asset mix of its real estate portfolio from its traditional office and lab stomping grounds along Route 128 to different asset classes and regions of the country.
A lot more goes into renovating an older class B building into a class A than just adding a coffee bar or flat-screen TV in the lobby. A big part of the decision to renovate is the owner’s appetite for risk and how far they are willing to go to achieve a higher rate of return.
Multifamily properties in the northern suburbs, class B office buildings in Boston and industrial conversions in the inner-ring communities could attract strong interest from investors in 2017, commercial real estate brokers and analysts predict.