Following Foreclosure, Winchester Center Condo Proposal Returns
Newly submitted development plans would replace one of Winchester Center’s prominent landmarks with a 37-unit condominium building.
Local Banks Have Opportunity to Fill First Republic’s CRE Niche
But in the wake of JPMorgan Chase’s $10.6 billion acquisition of the now-failed lender, local real estate executives say First Republic filled roles in the industry ecosystem that will be hard to replace.
Casting a Wide Net for Development Opportunities
Urban Spaces and its CEO, Paul Ognibene, are making a mark on wide-ranging elements of the local real estate industry, from creation of affordable housing on vacant lots in Boston to major mixed-use projects in Cambridge.
90 Apartments Proposed Near Cambridgeside
Cambridge-based Urban Spaces is seeking approval for the next phase of a mixed-use project that’s been transforming the First Street corridor across from the Cambridgeside property.
Barings Buys East Cambridge Apartments for $103M
MassMutual’s Barings real estate arm has acquired the multifamily component of an East Cambridge mixed-use development for $103 million.
How HDIP Helped Save a Salem Condo Project
The BRIX project itself became endangered when the construction team found during the demolition process more site contamination than expected, and later discovered that several hundred feet of stormwater pipe were clogged with concrete.
Pier 5 Developers Float Housing Proposals
Developers are meeting projections of rising Boston Harbor sea levels and a big construction challenge with two houseboat-like multifamily designs and a third boasting an expansive rooftop park.
Community Good Works
A Cambridge developer donated retail space for a food pantry, a bank helped buy seating for school children to learn outdoors and more in this week’s roundup of community good works.
Downtown Salem Condo Developers Open Sales Gallery
A condo project that replaced a former district courthouse in downtown Salem has opened a sales gallery to market 61 units ranging from the $400,000’s to over $1 million.
Porter Square is Getting a Rock and Roll Daycare
A Montessori-inspired daycare center will occupy the entire first floor of The Rand, a condo development by Cambridge-based Urban Spaces and StoneRiver Properties.
New Cambridge Retail Building Sold for $11.2M
A newly-completed retail building in East Cambridge has been sold for $11.2 million to a Needham-based investor.
Courthouse-to-Condos Transformation Begins in Salem
Two developers are teaming up to bring a $20 million condominium project to downtown Salem, replacing a Brutalist-style courthouse with 61 units of market-rate and affordable housing.
Tocci Building Picked for $71M East Cambridge Development
A $71 million construction loan from People’s United Bank will kick off construction of an East Cambridge apartment complex.
East Cambridge Development Lands First Retail Tenant
Two years after the city of Cambridge banned the sale of non-rescue animals at pet stores, prompting the departure of Petco in East Cambridge, a developer has leased 4,000 square feet to a growing pet retail chain.
War on Vacancies Heats Up
Retail has been the weak link in Greater Boston’s commercial real estate boom, and one that’s attracting increased scrutiny from municipalities because of vacant storefronts’ tendency to sap vibrancy and spread blight.
Developer Set to Begin East Cambridge Residential Project
After attracting CarGurus as office tenant for a 50,000-square-foot speculative office building, Cambridge developer Urban Spaces is moving ahead with a 136-unit apartment complex in rapidly changing East Cambridge.
CarGurus Set to Occupy New Cambridge Office Building
Cambridge-based developer Urban Spaces has obtained permanent financing for a speculative office building that’s scheduled to accommodate online marketplace CarGurus’ expansion.
CarGurus Confirms East Cambridge Expansion
Online auto marketplace CarGurus Inc. will expand its East Cambridge operations with a 50,000-square-foot lease at 121 First St., a speculative office project by Cambridge-based developer Urban Spaces.
CarGurus Eyes Expansion In East Cambridge
After raising $150 million in an initial public offering last fall, CarGurus Inc. is poised to expand its office footprint in booming East Cambridge.
