Boston
Texas Developer Breaks Ground on South Boston Residential Tower
Hanover Co., a Houston-based real estate company specializing in the acquisition, development, and management of multifamily properties, broke ground on November 16 on one of the largest housing developments in Boston’s Seaport District.
STAG Industrial Snags Two Properties for $13.4 Million; Veolia to Relocate HQs at Exchange Place
Boston-headquartered STAG Industrial, Inc., a full service real estate company focusing on the acquisition, ownership and management of single-tenant industrial properties throughout the United States, announced this week the acquisition of two properties totaling 325,000 square feet of space.
Harvard Reveals Massive Renovation and Expansion Plans in Allston
Harvard University, the oldest institution of higher education in the United States, announced plans to expand its footprint in the Allston neighborhood of Boston with nine development projects encompassing nearly one million square feet of new building space and around half a million square feet of renovation.
LEED Silver Certification Awarded to UMass Medical Building
The U.S. Green Building Council (USGBC) has awarded LEED Silver certification for sustainable design and efficient operation to one of the facilities built by University of Massachusetts’ Medical School (UMMS).
278-Unit Multifamily Development Proposed in Dorchester
Synergy Investments, a Boston development company, has filed a letter of intent with the Boston Redevelopment Authority (BRA) and is seeking approval to create a residential community on a vacant parcel located at 25 Morrissey Boulevard in Dorchester.
$8.35 Million Condo Project Completed in Brookline
Nauset Construction Corporation, headquartered in Needham, MA, recently completed a $8.35 million condominium project at 2-8 Olmsted Road in the Fisher Hill Neighborhood of Brookline. The announcement comes more than one year since the joint venture between Nauset (serving as the general contractor) and Boston-based developer New Atlantic Development Corporation obtained approval for construction from the Brookline Public Works Department.
Work Expected to Begin on Long-Stalled East Boston Residential Project
A new multifamily project is ready to break ground in East Boston, one of the most promising but underdeveloped areas in the city’s Innovation District. More than ten years after designing the first sketches and several failed development attempts, New Jersey-based developer Roseland Property Co. is finally moving on with Phase I of Portside at East Pier, a long-stalled project at Marginal and Lewis Streets on the East Boston waterfront.
BRA Green-lights Multi-Million Construction Projects
Almost two months after filing a notice of project change for the long-stalled Millennium Tower and Burnham Building project, the development team has won approval from the BRA. With a $615 million private investment and encompassing 1.2 million square feet, the revised mixed-use project will be located at the partially vacant site of the former Filene’s Department Store on a parcel delimited by Washington, Franklin, Hawley and Summer Streets.
HFF Brokers $59 Million Ground Lease of 177 Huntington Avenue
An affiliate of Beacon Capital Partners, LLC has signed a 99-year ground lease for 177 Huntington Avenue, an iconic 26-story office tower located in Boston’s Back Bay neighborhood. Holliday Fenoglio Fowler, LP (HFF), a leader in commercial real estate and capital market services, exclusively represented the owner—The First Church of Christ, Scientist—and the trustees of Church Realty Trust in this $59 million transaction.
Renovation Completed at Boston Marriott Copley Place; Potential Hilton Garden Inn Hotel Pending Approval
The award-winning Boston Marriott Copley Place completed a complex renovation of guest rooms, meeting space, health club and pool areas. Conveniently located at 110 Huntington Avenue in the city’s historic Back Bay district, the hotel has been completely re-imagined over the five-year re-design process. Inspired by nature, the building’s 1,100 guestrooms were renovated under the Marriott Hotels & Resorts Refreshing Mint interior design signature palette, which combines splashes of mint green with chocolate brown hues.