Revolutionary Spaces is taking a fresh look at how we tell stories about Boston’s past. Local executives have a chance to be part of building a bridge to a more inclusive telling of American history.
A pair of much-maligned below-market loan program for office-to-residential conversions are getting a revamp as part of a $100 million package of incentives to help communities remove barriers to housing production.
Sometimes crisis creates opportunity: a chance for the real estate industry and both city and state political leadership to come together and create a new and better economic engine room for Massachusetts.
Whether or not Boston lowers its residential property tax rate in the short-term, the city’s residential tax rate will likely climb 40 percent by 2029. Building more housing is the only way out.
A new analysis by the Massachusetts Taxpayers Foundation wades into the debate over Boston commercial property taxes, arguing the city’s downtown faces long-term challenges just as bad or worse than other major American metros.
The Greenway ARTbeat series is not just an investment in public art; it is an investment in the reputation of Boston and the downtown economy.
A remarkable transformation is underway that’s redefining Downtown Boston from a 9-to-5, office-driven landscape, via a vibrant retail and cultural revival.
Only days after announcing a plan to seek state approval to raise property tax rates on commercial property owners, Boston Mayor Michelle Wu filed a $4.6 billion budget plan for 2025 that would hike city spending by 8 percent, or $344 million.
The mayor’s proposal would allow the city to lessen increases in residential property tax bills by temporarily levying that increased tax on commercial real estate for up to five years.
The scale of Mayor Michelle Wu’s planned massive hike to tax rates on office, lab and retail buildings comes at a terrible time. And she seems to be ignoring an important alternative strategy.
A Boston developer will use $5.1 million in financing from Rockland Trust to convert a Financial District office building into 15 apartments.
Is Boston headed for a fiscal cliff or a fiscal hiccup thanks to falling office utilization? Two things are for sure: no one should take fears of a calamity lightly, and everyone should use this threat as an occasion to fix what’s long been broken.
Warning about the prospect of a “permanently diminished city,” think tank analysts said a sharp and steady drop in the value of office buildings could soon punch a hole in the city’s budget, endangering resources for schools, first responders and more.
Retail vacancies are dropping and the number of restaurants and new, diverse businesses are rising, but downtown property owners need lenders’ help to confront broader headwinds.
For the foreseeable future, occupiers will have the advantage. Companies considering relocation or lease renewal can leverage the highest amount of vacant office space ever recorded to their benefit in negotiations.
The Biden administration is launching a multi-agency effort to encourage states and cities to convert more empty office buildings into housing units, with billions of federal dollars available to help spur such transitions.
The Downtown Boston Business Improvement District has announced a three-year effort to “forge [a] new identity” for the neighborhood.
Proposed new downtown Boston zoning drew critiques as a developer-driven plan that allows excessive building heights and puts historical properties at risk.
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.
Designs of an $87 million flood barrier protecting downtown Boston will proceed to the next step after receiving state funding for additional engineering studies.
