Amid CRE Slowdown, Opportunities in Play
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.
Development Drama Surrounds BCEC Lands in Seaport
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.
Convention Center Parcels Re-Do Attract Same Developers
A re-run of an RFP process for a clutch of parking lots next to the Boston Convention and Exhibition Center in South Boston didn’t produce any additional bids, but Boston Global Investors and Cronin Group don’t appear to have scaled back their ambitions for the 6-acre site.
Expansion Will Make D Street ‘Center of Gravity’ At BCEC
In addition to a planned $500 million expansion at the Boston Convention and Exhibition Center, officials are planning at least four other requests to find developers interested in putting hotels, parking or both on MCCA-owned land around the BCEC.
