On March 9th, 2012 a proposal to lease and develop a public museum on Parcel 9 near the Rose Kennedy Greenway was submitted by the Boston History Center and Museum, Inc. However, last week the Massachusetts Department of Transportation eliminated the museum from consideration for occupation of Parcel 9. The History Center claimed that the proposed project would generate substantial economic activity in the area while providing Boston with a state-of-the-art facility to house Boston’s rich history. Unfortunately, the DOT was uninterested in the construction of a museum in the downtown area. No word on what will occupy the parcel yet, but the DOT is looking to create complementary linkages between parcel 9 & 7 to facilitate an active center.
Related Post
U.S. Multifamily Vacancy Forecast: When Will Apartment Vacancy Peak (2026–2027 Outlook)
U.S. multifamily vacancy rates are rising due to a surge in new apartment supply outpacing demand, with forecasts suggesting a potential peak around 2026–2027. However, measurement differences—especially the exclusion of lease‑up units—can significantly understate true vacancy levels, adding uncertainty to market timing. As supply pressures persist and absorption remains uneven, the multifamily housing market is entering a critical transition period where vacancy trends will vary by market and methodology.
What Search Trends from April Reveal About Industrial Space Demand
Search behavior offers valuable insight into how different tenants begin the leasing process. By examining Google search activity during April, this analysis highlights clear differences in how interest in small versus large industrial space appears online revealing patterns that reflect decision speed, discovery methods, and underlying demand dynamics in today’s industrial real estate market.
The Role of Suburban Lab and R&D in Greater Boston
A look at how suburban lab and R&D space fits within Greater Boston’s life sciences ecosystem, drawing on CBRE research to highlight why locations beyond the urban core continue to play an active role.
Interest Rates May Stay Higher for Longer: Implications for Commercial Real Estate
Why Does it Matter? The Federal Reserve’s latest messaging suggests interest rates are not coming down anytime soon. For commercial real estate, that removes one of the key assumptions many investors have been underwriting around: near-term rate relief. In a recent Bloomberg interview, Federal Reserve Vice Chair for Supervision Michael Barr said rates may need […]
Mayor Jake Wilson plans to tackle Somerville’s housing crisis. Will it work?
More density, new zoning, and fresh investment in affordable and social housing top his priorities. By Beth TreffeisenSource: Boston.com When newly elected Somerville Mayor Jake Wilson bought his first home in Winter Hill 21 years ago, he was terrified he was making a terrible mistake. He and his wife paid $425,000 for a modest starter […]
Democrats counter Trump’s proposal to limit institutional housing investors
By Emily WilkinsSource: MSN Both congressional Democrats and President Donald Trump both want to limit how many homes major corporations can own, but a new proposal from Sen. Elizabeth Warren, D-Mass., makes it clear that’s where the agreement ends. In a bill released hours before Trump’s State of the Union speech, Warren, Sen. Jeff Merkley, D-Ore., and 16 other Senate Democrats propose ending […]