Commercial & Industrial
Somerville Board Supports 384K SF McGrath Lab Project
Somerville officials have backed a developer’s plans for a life science development wedged between the MBTA Green Line Extension and McGrath Highway.
Five Firms Seek to Lead Downtown Haverhill Redevelopment
Five developers have submitted plans for housing and commercial space on a 4.5-acre Haverhill property that’s viewed as a linchpin of downtown revitalization efforts.
BioMed Buys South End Offices and Labs for $314M
BioMed Realty has completed its acquisition of a South End office building and lab development site for $314 million, with the Boston Planning and Development Agency scheduled to vote Thursday on the lab conversion.
MBTA Ridership Crept Upward in March, April
MBTA ridership saw “significant rising action” in March and April, though overall it remains at only a fraction of pre-pandemic levels, according to T General Manager Steve Poftak.
Coolidge Corner Apartments Sold for $24M
A 25-unit apartment complex at Brookline’s Coolidge Corner has been acquired for $23.9 million by a Billerica-based investor following a marketing process that attracted close to 40 offers.
Brighton Concert Hall Namechecks Local Rock Lore
Boston Landing’s new concert venue pays homage to Jonathan Richman and the Modern Lovers, naming the 3,500-seat arena “Roadrunner” in a nod the band’s 1970s shoutout to the local environs.
JV Completes Transit-Oriented Apartments in South Weymouth
A newly-completed apartment complex steps from the MBTA’s South Weymouth commuter rail station is 60 percent leased in the first joint venture between a pair of local developers.
$55M Andover Medical Property Sold to Chicago Investor
A 70,000-square-foot medical office complex in Andover has been sold to a Chicago-based private health care real estate investor for $55.2 million.
Redgate Submits Plans for 221 Units in East Boston
A 1.6-acre East Boston property where a 9-alarm fire destroyed a casket factory two years ago is Boston-based Redgate’s latest venture into the neighborhood’s multifamily development scene.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
New Offshore Wind Procurement Could Be State’s Largest
The state’s electric utilities and the Baker administration are back in the market for another offshore wind contract, this time seeking up to twice as much power as in previous rounds.
Cannabis Dispensary Proposed at Medford VFW
The city of Medford has received 10 applications for its three available retail cannabis dispensary licenses, including eight seeking to lease or develop real estate on a mile-long section of Mystic Avenue.
Lotus Notes Creator Leases R&D Space in Beverly
A tech startup founded by a former top Microsoft executive has established a headquarters at Cummings Properties’ Dunham Ridge campus in Beverly.
Parcel 25 Shows DEI Isn’t ‘Too Hard’
The diversity of the development teams vying for a piece of state-owned land in downtown Boston is something to be celebrated. But it also gives lie to the old saw that it’s “too hard to find” diverse firms to partner with.
Can Our Underperforming Asphalt Become Bustling Boulevards?
It is Greater Boston’s frontier of urban planning: How do you adapt dated, low-rise shops and office buildings for a brave, new, post-COVID world while creating a greener future with more housing?
Biden Needs to Put the Screws to the Suburbs
The Biden Administration has proposed spending a stunning $213 billion to tackle our nation’s growing affordable housing crisis. But in the end, all that extra cash sloshing around will fuel bidding wars for an artificially limited number of urban sites.
Rivals Compete for Parcel 25 Pick
Vying for one of the last Big Dig remnant parcels in Boston, six development teams are balancing the usual decisions about a market-ready mix of property uses with new elevated standards for diverse design and project ownership teams.
What Landlords Need from Boston’s Next Mayor
To solve Boston’s affordable housing crunch, landlords and our representatives like MassLandlords need a seat at the table. Like the local restaurants, we deserve to have input to address the post-pandemic recovery and lingering housing crisis.
Banker & Tradesman’s Editorial Cartoon: You Are What You Build
There are so many lab developments going on, Boston’s very urban fabric is changing.
Hot Property: 201 Brookline Ave. and 401 Park Drive
A joint venture proposes a 550,000-square-foot life science building anchored by a 50,000-square-foot Star Market on a portion of the Landmark Center property in the Fenway.
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