MCCA Made the Right Call
The Massachusetts Convention Center Authority has a chance to make a dent in several problems problem by rethinking what it does with its 6.5 acres of empty D Street and E Street lots.
The Massachusetts Convention Center Authority has a chance to make a dent in several problems problem by rethinking what it does with its 6.5 acres of empty D Street and E Street lots.
The Massachusetts Convention Center Authority will drop its immediate plans for development of 6.5 acres near the Boston Convention and Exhibition Center, opting for a broader look at its strategy and the changing market conditions in commercial real estate.
Boston’s limited number of hotel rooms makes the city one of the country’s most expensive convention destinations, state officials were told last week. That information could weigh on an in-limbo process to redevelop parking lots near the city’s biggest convention center.
2024 promises to be a year of reckoning for many Boston-area commercial property owners as rising vacancies and expiring mortgages threaten their once-lucrative business plans.
Staff at the state convention center authority got pushback from its board for recommending a developer for a 6-acre South Boston site through an allegedly opaque process. Now, it’s unclear when a project team will be chosen.