Lender Buys Fort Point Lab Conversion for $57M
Starwood Property Trust acquired a Fort Point office building that was converted into lab space by the previous owners for $57.2 million.
Wu Says $11M Will Turn Controversial Mattapan Apartments Affordable
A Mattapan apartment complex that’s been at the heart of conversations around displacement and transit-oriented development in Mattapan will become permanently affordable housing, Boston’s mayor said Monday.
Will Lab Slump Translate into Housing Gains?
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.
Converse Extends Lease for Boston HQ
Converse signed a long-term lease extension for its Lovejoy Wharf headquarters with a German real estate investor that has owned the property since 2016.
Vertex HQ Renewal Deals Blow to Lab Projects
Vertex Pharmaceuticals’ headquarters move to the Fan Pier in 2014 put Boston’s Seaport District on the map as a life science industry destination. Vertex’ reported decision to remain at the Fan Pier beyond 2028 deals a blow to a growing list of major lab projects still seeking tenants in the neighborhood.
Related Beal Closes on Financing for Vertex Lab Project
A development group led by Related Beal completed its financing for development of a Vertex Pharmaceutical-leased research center that’s ramping up construction in South Boston’s Raymond L. Flynn Marine Park.
Related Beal Picked to Develop Roxbury, Marine Park Projects
Developer Related Beal received approval to move forward with projects on city-owned properties in South Boston and Roxbury that could include more than 400 housing units and nearly 320,000 square feet of lab space.
Over 400 Housing Units Included in Harrison Avenue Proposal
Two development teams are seeking to build hundreds of apartments and condominiums in a neighborhood where a history of redlining created barriers to wealth-building through real estate ownership.
Two Developer Teams Bid for Roxbury Parcels
Two teams of active local developers have responded to the city of Boston’s offer of 4.4 acres in Roxbury for housing development.
Personnel File – No. 356
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Community Good Works
Hanover bank Rockland Trust Co. donated $150,000 through its charitable foundation to Brockton Hospital. The money will help modernize its emergency room to include a behavioral health section. See who else gave back.
Beacon Hill Hotel Trades for $57M After Upgrades
A boutique Beacon Hill hotel that underwent a series of upgrades under Related Beal’s ownership sold for $57 million to a private equity investor.
A Checklist for Change in Charlestown
Developers would find a clear pathway to build higher-density projects lining the upper deck of Interstate 93 at Boston’s northern gateway under a rezoning plan nearing the finish line.
Personnel File – No. 341
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
BPDA Approves New Lab Projects and Office Conversion
The largest community benefits agreement to support arts and culture in Boston history is the price that a lab developer will pay to replace Brighton’s Sound Museum with a life science campus.
Related Beal Proposes South Boston Labs and Incubator
As the life science market retreats in a challenging financing climate, Related Beal is making a long-term bet on an expanding lab cluster in South Boston.
Related to Propose South Boston Labs
An affiliate of Related Beal hopes to add more lab space to a second biotech cluster in South Boston anchored by the redevelopment of the L Street Power Plant property.
Redevelopment of BFIT Campus Approved in South End
The Boston Planning and Development Agency approved seven projects that will create 485 housing units, including a three-building redevelopment of Benjamin Franklin Institute of Technology Campus in South End and an affordable housing tower in Chinatown.
Lab Project Gives Marine Economy Seat at the Table
Labs and Boston’s traditional marine industrial economy have increasingly operated side-by-side in the Seaport District in recent years. The next area’s major development project would combine them under one roof.
Channelside Approval Hailed as Lifeline for Fort Point Artists
Related Beal’s newly-approved 1.1 million-square-foot Channelside project addresses critiques of past Seaport District developments, setting aside space for affordable artist housing and studios, a 900-seat waterfront amphitheater and publicly-deeded park space.
