Blackstone Buys UPS-Anchored Development for $59M
A UPS-leased industrial development in Saugus developed by Hilco Redevelopment Partners was acquired by Blackstone Real Estate for $58.5 million.
Housing Replaces Labs to Begin South Boston Development
Developers plan to build the 636-unit housing portion first at the 1.7-million-square-foot 776 Summer St. project in South Boston, reflecting lack of current demand for 860,000 square feet of approved office and lab space.
Boston Plans Big Renovation of Development Reviews
Boston Mayor Michelle Wu’s administration is trying to cut through the murky process that forces real estate projects to shell out millions in unpredictable community benefits payments.
Commercial Space to Be Built First at L Street Station
The first new building at the L Street Station development is designed with a nod to the marine cargo industry that maintains a presence at Massport’s nearby Conley Container Terminal.
Braintree Redevelopment Gets 100K SF Lease from Integra LifeSciences
A medical device company is leasing 100,000 square feet at 400 Wood Road in Braintree, the redevelopment of the former Haemonetics Corp. headquarters.
Work Halted at South Boston Redevelopment Following Collapse
Three construction workers were taken to the hospital following a collapse at the former Boston Edison power plant property Wednesday afternoon.
Community Good Works
From turkeys and stuffing to headshots and new housing, local banks and developers gave back in recent days.
Hot Property: 41 Seyon St.
Cambridge-based Generation Bio will build out a cGMP facility in Waltham after leasing over 100,000 square feet from the developers that acquired the property in December 2020.
Hot Property: Abcam Offices and Labs
The Boston office of tenant representation brokerage Cresa was selected by global life sciences company Abcam to manage its relocation from Cambridge’s Kendall Square to Waltham.
Massport, Leave the Bus Lanes Alone
Massport is right to be concerned about attempts to construct housing next to the exit from the state’s only container port. But trying to push their freight trucks into bus lanes is a step too far.
Massport Wants Say over L Street Station Housing
Massport is redoubling its objections to plans for new dedicated MBTA bus lanes in South Boston and wants a say over details of 636 housing units approved for the former Boston Edison property.
Massport Seeks Payment from L Street Station Developers
Massport will seek a payment from developers of the 1.7 million-square-foot L Street Station project, which won approval this month for 636 housing units, to remove a residential deed restriction that it holds on the 15-acre South Boston property.
BPDA Approves 1.7M SF Edison Redevelopment
The 1.7 million-square-foot redevelopment of the former Edison power plant in South Boston will bring nearly $20 million in community benefits including upgrades to MBTA service in City Point, and new public parks on Boston Harbor.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Redgate Retains Housing in Southie Redevelopment Proposal
A proposed planned development agreement submitted to the city by prospective South Boston Edison plant developers Redgate Capital Partners and Hilco Redevelopment Partners still includes hundreds of units of housing.
Housing May Be Dropped from Southie Power Plant Redevelopment
Multifamily housing may be dropped from the proposed redevelopment of the former Boston Edison power plant property, developers said as they prepare to submit revised plans to the Boston Planning and Development Agency.
CLF, Lawmakers Question Massport Role In South Boston Development
State lawmakers have jumped into the debate over a 2-million-square-foot redevelopment of the former Edison plant in South Boston, seeking to protect a deed restriction against housing on the 15-acre property.
Lynch Calls for Smaller South Boston Project, More Parking
U.S. Rep Stephen Lynch issued a letter to the developers of a 2 million square foot mixed use project on the site of the former South Boston Edison Plant, calling for the project to be dramatically reduced in scope.
Hotel, Housing, Offices Considered For Southie Power Plant Site
The new owners of the Exelon power plant property in South Boston are considering a mix of housing, offices, retail and possibly a hotel for the 14-acre site.
With Market In Transition, Colliers Looks For Opportunities
Timing is critical in real estate and the first...
