Last week, Boston Properties announced a detailed proposal for a 22-story apartment tower in Kendall Square. The presentation, made by regional manager Bryan Koop and the firm’s project manager David Stewart, outlined plans for a 200,000 square foot project. If approved, construction would begin in 2014 with expected completion in 2016. President of the East […]
In the past week, two Massachusetts based clean energy firms declared bankruptcy. On Wednesday, clean energy firm Satcon Technology Corp. filed for Chapter 11 bankruptcy. The firm, which specializes in the production of conversion equipment utilities for solar panels, defaulted on $16 million dollar loan from Silicon Valley Bank and Compass Horizon Funding Company LLC […]
Millennium Partners, the firm developing Millennium Place at Washington and Avery streets, will begin selling condominiums this week. The 256 luxury condominiums range in price from “$550,000 for one-bedrooms facing a courtyard to $3.5 million for penthouses with rooftop terraces” (Boston Herald).
On October 2, 2012 the Cambridge Planning Board approved HYM Investment Group’s revised plans for the NorthPoint development. The development will transform the largest remaining land parcel in Cambridge into a 5 million square-foot, mixed-use development which will include: offices, retail, apartments, condominiums, access to public transportation, as well as parking.
On September 1st, 2011 the U.S. Department of Housing & Urban Development announced that it will allocate one of five Choice Neighborhoods Initiative grants to the redevelopment of the Dorchester Quincy Street Corridor.
Residents of Massachusetts can expect an increase in the average property owner’s tax rate by next year. The Department of Revenue has reported that 21 community property tax rates have been approved and all but the towns of Eastham and Alford plan to increase rates on residential and commercial property (Boston Business Journal). The expected […]
Wegmans, a high-end grocery chain based in Rochester, New York, is set to break ground on a new Massachusetts store on October 16th. The family owned grocery chain opened its doors in 1916 and today boasts 78 stores in 5 states and employs over 40,000 people. The new 135,000 square-foot store, located in Northwest Park […]
Athenahealth, a health information technology firm, is on the search for a new headquarters. CEO Jonathan Bush said, “We’ve got to expand or more,” regarding the companies current location in Watertown, MA. The company is looking to triple the size of its headquarters to around 1,000,000 square feet of office space. The space will be […]
Since the second quarter of 2011, Vacancy rates in Cambridge have been improving. Cambridge’s vacancy rate peaked that quarter at 10.3% and has been steadily declining since. The figures are in for the second quarter of 2012 and vacancy rates have dropped to 9.4% with a total of 10,137,858 square feet vacant in the Cambridge […]
The New England Revolution, a professional soccer club based in Foxborough, may be moving. The owner of the club, The Kraft Group, is interested in constructing a new $100 million soccer stadium in Assembly Square, Somerville. Currently, the team plays at Gilette Stadium, which has a massive capacity of 68,756. Unfortunately for the Revolution, the […]
