Residential Village Expands at Suffolk Downs with Portico Project
Construction of the second building is under way at the largest approved development site in Greater Boston, expanding the residential side of the Suffolk Downs property in Revere.
Who’s Worried? Not Tom O’Brien
The HYM Investment Group chief faces down a tough financing environment and a threat from a prominent politician to force an eminent domain sale of the Suffolk Downs development site.
Suffolk Downs’ Next Building Buoyed with HDIP Money
The long-awaited second building in HYM Investment Group’s massive Suffolk Downs development just notched another piece of its capital stack with state help.
O’Brien Reportedly Set to Enter Mayor’s Race
Real estate developer Tom O’Brien reportedly will announce his candidacy for mayor of Boston next week, joining Josh Kraft in the bid to unseat incumbent Michelle Wu.
Headwinds Delay Suffolk Downs Groundbreakings
The first building in the Suffolk Downs redevelopment is nearing completion, but the once-in-a-lifetime opportunity Revere officials saw is taking longer to materialize than first hoped.
Will Biomanufacturing Make It in Massachusetts?
Biomanufacturing was supposed to be a big part of the next “Massachusetts Miracle,” but tenant requirements have been cut in half in the last year. But its believers have faith in the sector’s durability over the long term.
A Race to the Finish Line
HYM Investment Group CEO Thomas O’Brien makes his living tackling some of the most complex developments in Boston, transforming landmark properties into massive mixed-use projects like Roxbury’s P3, downtown’s Bulfinch Crossing and East Boston’s Suffolk Downs.
Thinking Big on the Blue Line
A recent wave of high-end housing developments in Revere has shifted the conversation to production of affordable and workforce housing, potentially including several large public parcels near transit.
Worrying Data Suggests Boston’s Housing Boom Is Stalling
Something is happening when it comes to the development of new housing in Boston, and it’s not good: the number of homes getting teed up for construction is falling off a cliff.
First Suffolk Downs Residential Building Gets Financing
Developers received a $150 million construction loan for the first residential building at the former Suffolk Downs racetrack property.
Demonstration Projects Test Potential for Timber
Wood-framed construction might historically be associated with single-family homes, but mass timber – an engineered wood product – increasingly appears to offer benefits for a wide range of commercial building types.
Suffolk Downs Equity Goals Will Be Monitored by Roxbury Group
Suffolk Downs is one of the largest construction projects in Boston history, and developers are partnering with a Roxbury organization to ensure that it will be welcoming to a diverse workforce.
Blue Line Up For Two Rounds of Repairs
Four Blue Line stops in East Boston and Revere will go offline to riders for two and a half weeks in May, adding to a previously delayed 14-day shutdown on the line’s other end designed to accelerate repair work, officials announced Monday.
With Endorsements from Key Progressives, Boston’s Edwards Aims for Senate
If Boston City Councilor Lydia Edwards can win the Democratic primary for an open state Senate seat in one week, she hopes to vault into a role that will let her tackle regional housing issues, head-on.
Home Ownership Push Proves Easier Said than Done
Roy Avellaneda, president of the Chelsea City Council, thought his idea was pretty straightforward: Impose a five-year moratorium on construction of new rental properties in the city to give councilors time to re-write zoning laws to promote home ownership.
Next Building Material Requirement: Cut Carbon
Developers weighing the use of mass timber building techniques have to decide whether the higher upfront costs of the environmentally-sustainable material is worth the benefits in trendy biophilic designs.
Hot Property: Suffolk Downs
The East Boston racetrack where thoroughbreds’ hoofbeats thundered for 84 years is now available to the public for recreation as plans proceed for a 16.2-million-square-foot redevelopment.
Bulfinch Crossing Proposes 410K SF Lab Building
The Bulfinch Crossing redevelopment at the Government Center garage property could include one of the highest-profile life science projects built yet in downtown Boston.
East Boston Developers Rethink Resiliency Strategies
As it prepares to break ground on the first building of the Suffolk Downs redevelopment in late summer, Boston-based HYM Investment Group is taking a bigger-picture look at how future flooding and storm surges will affect its 161-acre site and surrounding vulnerable neighborhoods.
Boston Should Demand Better at Widett Circle
When it comes to neighborhood-building, it’s time for Boston to go big or go home. But if Boston can’t build a new neighborhood right this time, then it’s time for Plan B: making Widett Circle a hub for well-paying, blue-collar jobs.
