As Labs, Offices Struggle, Massport Open to Renegotiating Ground Leases
Massport is sounding out landlords who ground-lease its properties about modifying terms, reflecting the difficult commercial real estate climate in Boston.
Massport is sounding out landlords who ground-lease its properties about modifying terms, reflecting the difficult commercial real estate climate in Boston.
A vision to turn West Cambridge into a second Kendall Square is coming apart amid record lab vacancies across the region, as the fundamentals of development look set to shift back in favor of multifamily housing.
The first decade of the Boston Seaport District development boom full of low-hanging fruit. Today, Oxford Properties Group and the owners of Pappas Commerce Center have to navigate a trickier path.
Proposed changes to one of the last big development frontiers in Boston’s Seaport District include replacement of warehouses and parking lots with eight new buildings, including 1.3 million square feet for research and development tenants and 205 housing units.
Industrial parcels on the far reaches of the Seaport District are due for their first major changes in decades with development plans being drawn up by Oxford Property Group.
One of Boston’s biggest office tower landlords is partnering with a mainstay of the Seaport District’s marine industrial park on long-term real estate opportunities.