Who Is Copper Mill Development? The development company has burst onto the scene with plans for around 2,000 units at notable properties from Brockton to Somerville.
But, in an interview with Banker & Tradesman, founder and CEO Andrew Flynn says his firm’s first priority is a master-planned project approved for 1.6 million square feet on Dorchester’s Morrissey Boulevard, just north of the former Boston Globe headquarters.
Copper Mill already has had discussions with construction lenders about financing, Flynn said, and is optimistic about conditions improving by the end of 2025.
“Hopefully with interest rates coming down, our hope is that the capital markets will resolve at the end of the year,” he said.
What else is on tap today?
Berkshire Bucks Trend: The Boston-based bank is trumpeting its perfect score on a major measure of LGBTQ-friendliness. It comes as many major, publicly-traded companies loudly back away from DEI and climate change goals.
Providence Beats Boston: While Greater Boston jumped 10 spots in Zillow’s hottest markets rankings compared to 2024, the market was still outpaced by the likes of Hartford and Providence.
Transit Funding Group Nears Finish: After missing its Dec. 31 deadline to finish its work, the task force Gov. Maura Healey created to recommend transportation funding reforms will hold its final meeting Tuesday.
Top Regulator to Resign: The Federal Reserve’s top financial regulator, Michael Barr, said Monday that he would resign next month, avoiding a potential confrontation with the incoming Trump administration and Republicans in the Senate.
Don’t Miss This
The five biggest real estate and banking stories you have to read today, including from B&T’s pages.
1) Could a multi-billion-dollar train tunnel through downtown Boston help build more housing? It certainly could unlock several prime development sites. (Scott Van Voorhis in Banker & Tradesman)
2) A North Shore driving range will become senior housing. (Boston Business Journal)
3) Dyer Brown’s architects leaned into luxury and exclusivity in their assignment to craft a home for the new boutique bar in the Seaport District’s Moakley Courthouse. (Banker & Tradesman)
4) Mass Save is making big changes to its programs that will benefit apartment landlords looking to make their properties more energy efficient. (WBUR)
5) Chinatown residents turned out in droves to oppose a new, 25-story hotel citing fears of gentrification. (WGBH)
