Buyer Sought for Revere Beach Development Site
A development site recently approved for a 59-unit apartment mid-rise overlooking Revere Beach is being offered for sale.
Hot Property: The Addison
Boston developer Redgate has commissioned a giant mural for the road outside its new Orient Heights apartment building The Addison, which is managed by Greystar.
Revere Complex Sold to Rockpoint for $158M
Revere’s two-year-old 500 Ocean apartment complex has been acquired for $158 million by Boston-based private equity firm Rockpoint Group.
An Adviser to Institutions on Monetizing Real Estate
Redgate is best known for major projects such as the 1.7 million-square-foot L Street Station in South Boston and luxury apartments like 500 Ocean in Revere. Kristi Dowd is leading another growing business line for Redgate: its project management division.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
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.
Redgate Submits Plans for 221 Units in East Boston
A 1.6-acre East Boston property where a 9-alarm fire destroyed a casket factory two years ago is Boston-based Redgate’s latest venture into the neighborhood’s multifamily development scene.
Developers Weigh in With Wallets in Mayoral Race
As potential major changes loom in Boston’s development policies, real estate executives are weighing in with their wallets in the mayoral race.
Redgate to Convert Bedford Campus for Biotechs
Boston-based Redgate is the latest local developer getting into the life science game with plans for a conversion of a 52-acre office campus in Bedford.
Revere Beach Developer Names Restaurant Operator
The operator of two restaurants at the 500 Ocean Ave. apartments on Revere Beach is expanding his relationship with developer Redgate with plans to open a 220-seat restaurant at its new Ryder complex this summer.
Redgate Files Plans for East Boston Proposal
Boston-based developer Redgate has filed plans with the Boston Planning & Development Agency for its proposed multifamily building next to a charter school in East Boston.
Redgate Proposes 190 Housing Units in East Boston
Boston-based developer Redgate is planning to redevelop a commercial site off Route 1A in East Boston into a 190-unit multifamily development.
Chelsea Complex Gets $59M in Permanent Financing
A 222-unit Chelsea apartment complex has received $59 million in permanent financing from an affiliate of New York-based Arbor Realty Trust Inc.
Retailers Shift on the Fly
Government stimulus programs so far have missed the mark, retail industry groups say, leaving small merchants to build their own life rafts and search for safe harbors in the COVID-19 economic crisis.
Toll Brothers Buys Development Site in Cambridge Quad for $44M
Housing developer Toll Brothers has paid $44.1 million to acquire a site approved for a 525-unit apartment complex in Cambridge’s Quadrangle neighborhood.
Haemonetics Sells 17-Acre Braintree Property to Illinois Developer
As it prepares to relocate to 125 Summer St. in Boston, Haemonetics Corp. has sold its long-time Braintree headquarters to an Illinois developer for $15.5 million.
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.
Leading the Way to a More Diverse Real Estate Industry
Research has shown that diversity at companies leads to higher profits, increased innovation, and exposure to a broader talent pool. Yet as workplaces become more diverse, this evolution is slow to be reflected in the commercial real estate industry.
