Commercial & Industrial
Hood Park Flips Garage Rules for Future Flexibility
Cambridge-based architects SMMA came up with a creative way to add more than 900 structured parking spaces at Charlestown’s Hood Park while preparing for a future in which cars are no longer king.
Burlington Office Complex Gets $30M in Funding
The three-property office portfolio Blanchard Woods in Burlington has acquired $30 million in financing.
Marijuana Business Leases in Montague
Marijuana cultivator and retailer 253 Organic LLC has leased 33,000 square feet in Montague. The facility will be renovated for $6 million to cultivate, manufacture and sell recreational marijuana.
Chamber Chief Says Biz Hit ‘Very Hard’ by Natural Gas Crisis
In the week since gas explosions and fires rocked the Merrimack Valley, much of the attention has focused on the thousands of residents who were forced to evacuate their homes.
Community Good Works
This week’s Community Good Works highlights credit unions and banks who have donated to many causes, especially to those who were affected by the Merrimack Valley gas explosions.
Fenway Developer Buys into Big South Boston Project
Boston-based Samuels & Assoc. is joining the development team for Washington Village, a $400 million multifamily project at 235 Old Colony Ave. in South Boston that’s yet to break ground since gaining final approvals in 2016.
Devens Senior Housing Development Moves Forward
A proposed senior housing development in Devens called Shirley Commons has received a rental housing award from the Baker-Polito administration, allowing it to move forward with construction in spring of 2019.
Former Bowling Alley Sold in Malden
Burgess Properties Inc. has brokered the sale of 11 Charles St. in Malden for $3.9 million.
650-Unit South End Development ‘Is in a Clear Path of Growth’
Boston-based Leggat McCall Properties has broken ground on The Smith, which will add 650 residential units in Boston’s South End as part of a continuing multifamily and commercial development boom.
Weston Property Owner to Pay $40K for Illegal Destruction of Protected Wetlands
A Weston property owner will pay up to $40,000 in penalties and restore wetlands after allegations that he illegally altered and destroyed protected areas on his property, according to a statement from Attorney General Maura Healey’s office.
Surplus Money Could Fund Disaster Relief, DeLeo Says
Last year’s state budget surplus could provide funding to help Merrimack Valley residents and businesses struggling to recover from an ongoing natural gas emergency, according to House Speaker Robert DeLeo, who said he’s confident that lawmakers would unite around an aid package, if necessary.
Newtonville Development Gets $30M Construction Loan
A controversial multifamily development on Newton’s city-owned Austin Street parking lot has obtained $30.2 million in construction and permanent financing.
Three Investment Properties Sold for $5.8M
Northeast Private Client Group has brokered the sale of three properties in East Boston, Shrewsbury and Southbridge for a combined $5.83 million.
Hood Park Expansion Includes Hotel, Housing and Lab Space
Updated plans for further development at Charlestown’s fully leased Hood Park include a hotel, 200 housing units, along with office and lab space that could house up to 3,500 jobs.
BPDA Approves New Development in Allston, Hyde Park and Roxbury
The Boston Planning & Development Agency (BPDA) board of directors approved three new development projects in Allston, Hyde Park and Roxbury. The projects will create 257 residential units, 16 of them affordable housing units and 89 jobs.
Baker Boots Columbia Gas, Moulton Cites ‘Human Mistake’
Gov. Charlie Baker on Friday afternoon declared a state of emergency in the wake of a series of gas fires and explosions in the Merrimack Valley, handing over control of the response to Eversource in place of the local utility that Lawrence Mayor Dan Rivera said had been “hiding from the problem.”
Personnel File
This week’s Personnel File features new hires, promotions and executive hires in banks and law firms from all over the state.
An Appetite for New Restaurant Designs
Dyer Brown’s restaurant practice has a long list of reservations. The Boston-based architecture firm recently completed projects for Red Heat Tavern’s newest location
A Story of Survival: Harold Brown Steps Down
Despite his more than nine decades on this earth, it seemed like Harold Brown was never going to retire.
Should Luxury Condos Subsidize Affordability?
Anecdotal evidence that many of Boston’s newly built luxury condos sit unoccupied as part-time residences or “wealth storage lockers” for out-of-town investors is bolstered by the findings of a new housing market study.
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