QUINCY, MA – The Quincy City Council approved the master agreement for a $1.28 billion redevelopment of Quincy Center anchored by a unique financing plan that Mayor Thomas Koch and the City’s private development partners, Street-Works Development LLC, believe could become the new model for urban redevelopment projects across Massachusetts. The project – which marks the […]
LEXINGTON and MEDFORD, Mass.—Bierbrier Development Inc., a developer and owner of shopping centers in Eastern Massachusetts, today announced it has renewed a 5,000-square-foot retail lease with Men’s Wearhouse at Wellington Circle Plaza in Medford, Mass. Men’s Wearhouse is one of North America’s largest specialty retailers of men’s apparel with 1,239 stores. Casey Piche, Vice President […]
ARLINGTON, MA—Officials from Bierbrier Development Inc., a developer and owner of urban shopping centers in Eastern Massachusetts, joined representatives from the town of Arlington, local business leaders and tenants to celebrate the grand opening of the 9,000-square-foot addition to the existing Arlington Village Shops shopping center in Arlington, MA. “We’re very excited to have not […]
CHELSEA, Mass.— ACS Development Corporation, a premier property developer, announced the expansion of a current tenant in its Arlington Center property at 311-321 Broadway Street. GEMMA Italian Ristorante, an authentic family-owned Italian restaurant, is expanding its operations by 5,233 square feet and moving into the space formerly occupied by Krazy Karry’s. “GEMMA’s success is a […]
Cambridge Heart Inc. has raised $2.9 million in a private placement, the company reported in a press release today The Tewksbury-based developer of diagnostic heart tests for cardiac disease, said the deal consisted half of shares of common stock and half of warrants to purchase stock at a future date. “The proceeds from this transaction […]
A new report ranks the University of Massachusetts eighth in the country in generating income in 2009 from the licensing of faculty-produced discoveries and products, beating out both Harvard University and the Massachusetts Institute of Technology. The UMass system generated more than $70.5 million in “technology transfer income” in 2009 from 50 technology licenses and […]
As Boston homeowners face a 7.5 percent property tax hike and the city’s schools confront a $63 million shortfall, a city watchdog group is asking the Menino administration to sell a pair of underused buildings in the North End that could fetch more than $15 million. The Boston Finance Commission wants to know why Mayor […]
How does one go about filling 350,000 square feet of empty Class A office space in a market still plagued by negative absorption? Very slowly, says Ted Oatis, a partner with The Chiofaro Co. in Boston. In roughly two weeks, such a chunk of space will officially be vacated at International Place, the 1.9 million-square-foot […]
Samuels & Associates announced this week its plans for the 2.2 acre parcel known as the Fenway Triangle, unveiling a blueprint for 290 residential units, 225,000 square feet of office space and a smattering of retail and parking facilities. The plan, filed with the Boston Redevelopment Authority Monday, is the first step in the BRA’s […]
Street-Works LLC has struck a deal with Quincy officials that will see the firm partly finance some $227 million in public infrastructure projects in exchange for the right to expand its already ambitious $1.3 billion mixed-use redevelopment of the city’s commercial center. The financial and permitting arrangement were included in the project’s master plan that […]
