Auction Scheduled for Condemned Revere High-Rises
An affiliate of Boston-based The Davis Companies scheduled a foreclosure auction after acquiring the mortgage on three Revere residential high-rises that were condemned in August.
Two Biotechs Lease Half of Big Watertown Development
A speculative life science development completed in June landed its first two leases committing to more than half of the 225,000-square-foot building outside Watertown Square.
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.
Beacon Hill Stalemate Could Hold Back Everett Docklands Project
Greater Boston’s clean energy sector has emerged as the nation’s fourth-largest industry cluster, but the fate of high-profile projects in Boston and Everett hinges upon approval of new procurement laws left in limbo in the past legislative session.
Davis Cos. Unveils ‘Docklands Innovation District’ Plan for Everett
The new owner of the former ExxonMobil property in Everett presented a master plan for redevelopment of the 100-acre property over the next two decades.
Will Money Pool Move the Housing Needle?
Developers and brokers say a new, albeit small, pool of state funding called the “Momentum Fund” will break through a logjam that’s severely reduced groundbreakings of major multifamily projects.
Healey Inks $5.16B Housing Bill
A notable provision: A $13 million allocation for a Davis Cos. residential development in Allston as part of a “momentum fund” to help get approved developments off the ground.
Luxury Market Takes a Breather
Boston’s luxury multifamily market is showing signs of a slowdown, and it is unlikely things like luxe amenities will move the needle in generating more sales.
Cleanup Deal Unlocks Everett Tank Farm Redevelopment
Attorney General Andrea Campbell announced Thursday her office has entered into an agreement with The Davis Cos. that will enable the company’s planned redevelopment of the 100-acre former Exxon Mobile tank farm in Everett.
Hot Property: 1515 Commonwealth Ave.
Leasing and presales of 252 apartments and condominiums is beginning at a Brighton property that had previous incarnations as a granite quarry and hospital.
Hot Property: The Davis Cos. Headquarters
Boston-based developer Davis Cos. hired architects Fogarty Finger to redesign its longtime headquarters overlooking the Rose Kennedy Greenway in the firm’s first project in Boston.
Davis Cos. Spec Project Lands Full-Building Tenant
The first phase of a speculative industrial development by The Davis Cos. in Wilmington landed a full building lease from a medical device company.
Allston Food Hall Will Include Sous Vide Accent
The Studio Allston Hotel is partnering with Craft Food Halls on their 10th location, which will include a focus on the sous vide method of slow-cooked cuisine.
An Evangelist for Well-Designed Environments
Jeff Speck has spent decades advocating for the benefits of dense and walkable environments. As cities confront the future of urban spaces in the post-pandemic era, he’s teaming up with transit advocate Chris Dempsey.
Augustus, Driscoll Tapped to Chart More Housing Reforms
Gov. Maura Healey is still waiting for the legislature to act on her big housing bill, but she paused Monday to swear in two panels of developers, municipal leaders and advocates Monday, charged with charting more housing production reforms.
Personnel File – No. 354
Alltrust Credit Union Fairhaven-based Alltrust Credit...
Davis Cos. Completes $72.5M Everett Tank Farm Purchase
The Davis Cos. paid $72.5 million to acquire the 100-acre ExxonMobil property in Everett, prompting Conservation Law Foundation to announce a settlement of a seven-year-old lawsuit seeking a cleanup of the fuel storage facility.
Developer Estimates $100M Pricetag for Everett Cleanup
Environmental cleanup of the ExxonMobil fuel storage property in Everett will cost $100 million, Boston-based The Davis Cos. estimates, but could unlock over 4 million square feet of development.
Fellsway Development Revived after 40B Ruling
Boston-based Davis Cos. is seeking approval of 289-unit development following a state board’s ruling that Medford is subject to the Chapter 40B affordable housing law.
Davis Cos.’ Acquisition of ExxonMobil Property Back in Play
The sale of the 100-acre ExxonMobil fuel storage facility in Everett is progressing as a proposed environmental cleanup could clear the way for a multi-million-square-foot redevelopment.
