Steve Adams

Steve Adams

Banker & Tradesman Staff

Steve Adams can be reached at sadams@thewarrengroup.com
YMCA_Classroom_Kaplan

Hot Property: Aug. 14, 2017

Brookline-based Kaplan Construction has completed renovations to 12,000 square feet on two levels of the Merrimack Valley YMCA to allow for relocation and expansion of its preschool and child care programs.

Nearly half of income-restricted units created under Boston’s inclusionary development policy are located in three neighborhoods, including the Seaport District. The 346-unit Watermark Seaport apartment tower, completed in 2016, contains 45 affordable units.

Higher Fees Don’t Affect Multifamily Pipeline

Aided by a bustling multifamily building climate and more aggressive affordable housing requirements on private development, Boston has added more than 1,800 income-restricted apartments and condos in the past three years. City officials credit their updated inclusionary development policy for stabilizing rents and generating affordable and workforce housing in high-cost areas

Courtesy Gensler

GE Hits Pause On New Office Building

General Electric will delay construction of a 295,000-square-foot office building in Boston for two years in a shift of real estate strategy for its $200 million global headquarters under new CEO John Flannery.

Brickstone

Hot Property: August 7, 2017

We have relied on Cresa Boston to advise us on our lease negotiations at Andover Landing at Brickstone and always trust they will get us the best possible terms. The fact that they are focused solely on negotiating on our behalf as the tenant, and that they are so knowledgeable about this particular building was important to us. It is comforting to know that we are able to stay in this strategic location as we expand our operations.

The Beverly

Hot Property: July 31, 2017

Developer Related Beal has begun accepting applications for 239 workforce and affordable apartments in The Beverly, its new development in Boston’s Bulfinch Triangle.

Gosder Cherilus

Learning A New Playbook In Development

A nine-year career as an NFL lineman prepared Gosder Cherilus for the competitive world of Greater Boston’s commercial real estate industry. A native of Haiti whose family moved to Somerville in his teens, Cherilus played at Somerville High School and Boston College before going pro. Retiring this spring after eight knee surgeries, Cherilus had a career to fall back on at Eagle Development Partners, a Stoneham-based real estate company where he’s been a managing partner since 2010. Eagle Development is providing construction management oversight for the mixed-use Woburn Landing development and partnering with the Arcand family on a 40-unit apartment complex at 446 Cambridge St. in Allston.

Burlington-based Nordblom Co. is building an 8-story office building atop a 3-story garage at 321 Harrison Ave. in the South End, as developers seek to maximize density given the scarcity of buildable sites.

There’s Room At The Top

Boston’s Dock Square Garage used to be the real estate version of obstructed view seats at Fenway Park, with the elevated Central Artery blocking the best sight lines.

150 Seaport Boulevard Boston

Developer Defends Seaport Condo Tower

The owner of the Whiskey Priest and Atlantic Beer Garden pubs in Boston’s Seaport District seeks to dismiss a Conservation Law Foundation lawsuit challenging a $260 million luxury condo tower at 150 Seaport Blvd.