Tech titans including once set the pace for the commercial real estate market along Interstate 495. But after years of stagnant leasing activity, changes of ownership for three office parks spanning 541 acres are prompting large-scale redevelopments.
Some residents’ opposition to multifamily housing frequently dominates headlines, but developers say understaffed and fragmented town hall bureaucracies are just as big a problem in Boston suburbs.
Jefferson Apartment Group and Principal Real Estate Investors have acquired Highlands at Hudson, a 158-unit apartment complex in Hudson with plans to renovate units and upgrade its amenity package.
A real estate developer that specializes in industrial acquisitions has relocated to a new headquarters space in a Framingham property that it acquired earlier this year.
The owner of a 16.36-acre Hudson industrial property that has struggled for years to reach full tenancy is proposing to redevelop the land into 196 apartments, including 64 in a historic mill building on the site.
New City Microcreamery, an ice cream and coffee shop in Hudson, will expand to a second location in Central Square, Cambridge.
Downtown Hudson’s fortunes seemed to have bottomed out in 2008, with more than two dozen empty storefronts attesting to its steady decline.
