How New Projects Are Responding to Climate Concerns in Boston
Like other waterfront cities, Boston faces existential risk from climate change – not just rising sea levels, but also sudden rainstorms and extreme temperatures.
Hot Property: Worcester’s The Cove
Residents of V10 Development’s new Worcester apartment complex can take in the minor league baseball action at Polar Park without ever leaving the property.
Relationships Lead to Creative Real Estate Opportunities
William Grogan is leading one of Greater Boston’s most prolific affordable housing developers, Planning Office of Urban Affairs, as it pushes forward with big projects downtown and in Roxbury.
Hot Property: ThirtyOne Elm
A historic former office building, hotel and theater originally constructed in 1892, downtown Springfield’s 13-31 Elm St. fell into disrepair and vacancy for the past three decades.
319-Unit Housing Development Proposed Near Lexington Center
Lexington’s MBTA Communities rezoning prompted another major multifamily development proposal, replacing a trio of office buildings near the town center with a 319-unit apartment complex.
Back Bay Property Elevates Food and Beverage
The architects and development team behind Raffles Boston sought to create vitality and community through the way food and beverage offerings were integrated into the building’s public and common spaces.
WinnDevelopment Begins $55M Mill Housing Conversion
A $55.3 million adaptive reuse project will create 88 affordable senior apartments in a historic mill complex that’s sat vacant for decades in downtown Holyoke.
Hot Property: The Cordwainer
Anthemion Senior Lifestyles’ recently completed Cordwainer complex was designed to fill a gap in the assisted-living built environment with bright and airy designs reflecting research about the specific needs of memory care patients.
591-Unit Development Proposed on Everett Riverfront
A developer active in Everett multifamily projects is proposing a 591-unit apartment complex on a 25-acre site once occupied by a General Electric factory.
Hot Property: The Cove
The Cove, a 173-unit multifamily development next to Worcester’s Polar Park, will include interior designs inspired by a former music club that formerly occupied the property.
Peebles Kicks Off Back Bay Air Rights Review
One of the most complex recent air rights projects in Boston would bring a 300,000-square-foot life science tower to Back Bay along with 100 percent affordable housing and accessibility upgrades to the MBTA’s Hynes station.
Watch the CRE Insider Webinar: Hotels in 2022
Banker & Tradesman commercial real estate editor Steve Adams hosted from TAT, citizenM and law firm Freeman, Mathis & Gary for a virtual panel discussion about the state of the hotel and hospitality sector in Massachusetts
How Urban Infill Can Unlock Housing Production
The Boston-area housing market is surging. Recent reporting puts vacancy rates at a 10-year low and apartment rents at the highest year-over-year jump in two decades.
Three Trends Shape the Future of Adaptive Reuse
For developers and owner-operators throughout New England, adaptive reuse has long proven a cost-effective, sustainable and market-responsive means of generating new housing units, creating successful mixed-use communities and preserving our region’s architectural history.
Community Good Works
From scholarships to diversify architecture to million-dollar gifts to prevent homelessness and promote solutions to climate change, the commercial real estate industry’s philanthropic efforts had a big impact this week.
TAT Founder Remembered as Leader of Adaptive Reuse Movement
Robert J. Verrier valued historic architecture and adaptive reuse projects that preserved New England buildings, playing a role in extending their useful life by transforming remnants of the industrial age into housing.
Proposals Turn up Heat Island Focus
At a gateway parcel in Roxbury’s Nubian Square, three potential developers have another box to check: designing buildings and public spaces to minimize the neighborhood’s asphalt-covered urban heat island and its negative effects on residents’ health.
WinnDevelopment Kicks Off New Bedford Mill Reuse Project
Boston-based WinnDevelopment has begun construction of 71 additional units of mixed-income for 55-and-over residents at New Bedford’s Cliftex Mill complex.
Raffles Bets on Rebound in Downtown Luxury Condo Market
After a broad-based dip in Boston’s luxury condo market in 2020, developers of the Raffles Boston Back Bay Hotel & Residences have a brighter post-pandemic outlook for sales of 146 condos at their 35-story tower.
Boutique Hotel Proposed in North End
While hotel occupancy rates in Boston have cratered during the pandemic, developers are taking the long view with plans for a 134-room hotel project in the North End.
