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.
Jonathan Landau’s Fortis Property Group made its first splash in Boston commercial real estate by buying the One Lincoln office tower in 2007. Now, it’s starting to make its mark in downtown multifamily development.
Developers of a 21-story tower are casting a vote of confidence in Boston’s condo market as they seek a switch to 148 for-sale units at their LaGrange Street project.
Owners of Boston’s Dock Square Garage are switching up their redevelopment plans with a proposed redesign that would increase condo sizes by 64 percent.
After a series of design revisions and height reductions, a plan to add luxury housing atop a downtown parking garage was approved this week by the Boston Planning and Development Agency.
A developer has agreed to reduce the height of a luxury housing development next to Boston’s Faneuil Hall Marketplace in response to neighborhood concerns about shadows on the Rose Fitzgerald Kennedy Greenway.
Boston’s 39-year-old Dock Square Garage would get a new facade and a 10-story addition under a proposal submitted by the new owners, New York-based Fortis Property Group.
The Brooklyn development firm that paid $170 million to buy the Dock Square garage property in September has given its first details on redevelopment plans, and it’s looking to add an eye-catching new landmark overlooking the Rose Fitzgerald Kennedy Greenway.
Two more Boston parking garages are under new ownership with purchasers paying $284.2 million to acquire sites in the thick of the city’s ever-growing list of development hotspots.
Boston’s Dock Square Garage used to be the real estate version of obstructed view seats at Fenway Park, with the elevated Central Artery blocking the best sight lines.
A 698-space parking garage next to Boston’s Faneuil Hall Marketplace is up for sale as a redevelopment site, potentially accelerating the transformation of the Government Center neighborhood.
