Boston had the third-strongest office market absorption in the U.S. during the second quarter, reflecting e-commerce firm Wayfair’s big expansion in the Back Bay and continued growth of the co-working sector.
Verizon will relocate and expand its East Coast Innovation Center from a Waltham office park to Boston’s North Station in 2021 after leasing 440,000 square feet at The Hub on Causeway office tower, the state’s top economic development official said today.
Verizon will be anchor tenant of the The Hub On Causeway, leasing nearly 439,000 square feet on the 15th through 31st floors of the 31-story office tower rising next to TD Garden.
Verizon is scouting locations for a 300,000-square-foot office in Boston and real estate sources say the media giant appears close to a commitment as anchor tenant of a future 24-story office tower at the Hub on Causeway.
Tapping into demand for downtown Boston multifamily housing, Boston-based Cresset Development plans to convert three floors of a Chinatown building used as a telecommunications switching station into 46 apartments called the “PBX Residences.”