Too Early to Predict Failure for Boston’s New Towers
The future of Boston’s office and luxury residential markets can be seen in two new skyscrapers, one just complete, the other starting to rise into the city’s skyline above South Station.
Will Fed’s Move Shut Down Housing Pipeline?
The Federal Reserve’s largest interest rate hike in nearly three decades likely will put a kink in Greater Boston’s housing pipeline, increase apartment rents and weed out some development firms.
Hot Property: Winthrop Center
A lease by a Financial District asset manager brings office leasing at the Winthrop Center tower to 158,000 square feet.
Winthrop Center Lures Boston Investment Managers
A Financial District office tenant is relocating its headquarters to Millennium Partners’ new Winthrop Center tower.
Millennium Flips Winthrop Center Tower Back to Condos
Millennium Partners will begin marketing 317 luxury condos at its $1.3 billion Winthrop Center skyscraper in Boston in April, amid a recovery of the downtown market.
Office Tenant Downsizes in 115K SF Winthrop Center Move
A Boston investment firm will relocate to Millennium Partners’ Winthrop Center skyscraper after leasing 115,000 square feet in the Financial District office-residential tower.
Boston Office Rents Rebounding Amid Construction Boom
Construction crews topped off the 43-story One Congress tower at Boston’s Government Center as a brokerage report detailed signs of a recovery in the city’s office market including an uptick in asking rents.
Curtain Wall Installation Begins at Winthrop Center
An 11-month installation of the triple-glazed curtain wall is underway at the 1.4 million-square-foot Winthrop Center skyscraper as Millennium Partners develops the world’s largest Passive House-designed office building in Boston’s Financial District.
Marcus Partners Lands Anchor Tenant for 228K SF Development
A biotech company that’s been steadily expanding its footprint over the past 12 years is committing to anchor a new South Boston development by Marcus Partners.
Developers Pay the Bill to Save the Seaport
Developers in South Boston’s Raymond L. Flynn Marine Park will chip in toward projects designed to stave off sea level rise under a new resiliency funding formula.
Pandemic Upended Commercial Real Estate in 2020
During the lengthy commercial real estate boom, many industry figures said Greater Boston’s diversified economy – with its strengths in financial services, technology and life science – was built to withstand anything except a “Black Swan event” such as a natural disaster or geopolitical conflict.
Boston Seeks Offers for Downtown Crossing Garage Property
Boston officials have begun the disposition process for a Downtown Crossing parking garage, with plans to reinvest the proceeds in public housing and affordable housing.
Millennium Lands $775M Construction Loan for Winthrop Center
Millennium Partners has obtained a $775-million construction mortgage to develop a 1.4-million-square-foot skyscraper in Boston’s Financial District, three months after scaling back the residential portion of the project in response to a cooling condo market.
Housing Developer Says Chinatown Project Stalled Without Changes
A 168-unit affordable housing and hotel tower planned for a city-owned parcel in Boston’s Chinatown is unlikely to move ahead because of rippling effects of the COVID-19 pandemic, at a time when eviction pressures are squeezing neighborhood residents.
Bigger Condo Units Sought for Dock Square Project
Owners of Boston’s Dock Square Garage are switching up their redevelopment plans with a proposed redesign that would increase condo sizes by 64 percent.
Millennium Gets OK to Shrink Winthrop Center Tower
Boston’s Winthrop Center skyscraper project will shrink to help developer Millennium Partners obtain construction financing in what is suddenly a challenging climate for large-scale luxury residential projects.
Millennium Wants to Convert Winthrop Center Condos
Developer Millennium Partners is asking to reduce the residential portion of its Winthrop Center skyscraper under construction in Boston’s Financial District, citing impacts from COVID-19 and a downturn in condo markets and capital sources.
Sublease Market Spikes as Companies Rethink Real Estate
Local commercial real estate researchers are tracking nearly 500,000 square feet of sublease space in Greater Boston that’s hit the market since mid-March as the area faces questions about the future of office space and a sizable construction pipeline.
Will Boston’s Building Boom End? Wait and See
It’s too early to call an end to Greater Boston’s epic building boom, even if the coronavirus has managed the turn the global economy and all our lives upside down in a few short months.
Winthrop Center Project Has Far-Reaching Effects
What does an MIT professor, an African American-owned cleaning company, a Chinatown affordable housing project and a 1.4 million-square-foot tower in Downtown Boston have in common? The answer: everything.
