Rockland Trust Finances Downtown Office Conversion
A Boston developer will use $5.1 million in financing from Rockland Trust to convert a Financial District office building into 15 apartments.
A Boston developer will use $5.1 million in financing from Rockland Trust to convert a Financial District office building into 15 apartments.
It’s becoming clear that things are going to get worse in downtown Boston before they get better despite the city’s office-to-residential conversion pilot program. The scale of the problem is just too great.
As remote and hybrid work entrench themselves, Boston’s class B office market looks like potentially fertile ground for conversion into thousands of new housing units.