Boston-based King Street Properties received nearly $75 million in construction financing for the fourth building at its Pathway Devens campus. First Citizens Bank and Berkshire Bank provided financing.
The property will contain 210,000 square feet of advanced manufacturing and biomanufacturing-ready space, and be equipped with 12,000-amp power and 38-foot clear heights. No tenants have yet been announced.
- Developer Funds Flood Barrier: Another gap in the Seaport’s and Fort Point’s defenses against sea level rise is getting filled – assuming the lab building the latest piece of flood wall is connected to finds financing.
- Big Debit Card Changes: Visa has announced major changes to how credit and debit cards will operate that will make the 16-digit number printed on every card increasingly irrelevant.
- Top Boston Rep on Tax Rate Hike: Rep. Aaron Michlewitz, one of the most powerful people in the state legislature, was asked about Mayor Michelle Wu’s controversial proposal to temporarily shift Boston’s property taxes.
- Back Bay retailers Get More Days: The popular Open Newbury car-free shopping events are expanding yet again, Boston Mayor Michelle Wu’s office says.
Who Gave Back?
The Cummings Foundation, the philanthropic arm of suburban Boston CRE giant Cummings Properties, gave $2 million to Regis College to help train more nurses and establish a healthcare clinic in Woburn. See who else gave back.
Hey, Big Spender…
The first home in this week’s Gossip Report is another entry into the “fully furnished potential investment property” category.
What can I look forward to?
Here are just a few of the things to look forward to in Sunday’s newsletter. Not a B&T subscriber? Change that here.
- Concrete details are emerging about how Boston Mayor Michelle Wu wants to renovate the city’s development approvals process.
- Numbers of new listings are ticking up on Cape Cod. Could the area’s housing market finally be on the way to a healthier place?
- When HDS Architecture founder Hans Strauch set out to tackle a deeply personal commission, he decided to step back from the common modernist aesthetic and design “something that had greater meaning.”
