By Jim Morrison Three-deckers were once a reliable and well-worn path for working-class, Boston-area families to get into the housing market and build considerable wealth over time. The owner often moved into the first-floor unit, and the rents from the upper floors would cover the monthly mortgage. That was the plan, anyway. Last year, according to Multiple […]
By Aaron Pressman Amazon unveiled its largest facility in Massachusetts on Monday, a staggering five-story warehouse in North Andover with almost 4 million square feet of space to hold everything from books and DVDs to cans of soup. The fulfillment center on the site of a former telephone company factory cost about $400 million to […]
By Jon Chesto As she tries to bring downtown Boston back to life, Mayor Michelle Wu faces two real estate crises:Too much office space and not enough housing. Now, an ambitious plan that would revive a prominent block in the heart of the central business district could end up getting caught in the middle of […]
By Greg Ryan The board of the Boston Planning and Development Agency approved a six-building development on the Mystic River in Charlestown on Thursday, as well as two large Sullivan Square lab buildings. The two are the latest projects to get the green light in a neighborhood set up for big changes. The Flatley Co. won approval for […]
By Greg Ryan Massachusetts and the city of Boston have won $335.4 million in federal funding to straighten I-90 in Allston, a project that would create a West Station for public transit and unlock dozens of acres of riverside property for Harvard University to develop. The grant covers only part of the estimated $1.9 billion cost, […]
By: Emily Fu North River Leerink (NRL) has announced that 100 Chestnut, a purpose-built 200,000 square feet life Science building in Somerville, MA, is 90% leased. Ultragenyx, relocating from Kendall Square, has leased 42,500 square feet to consolidate their east coast R&D. CRADL has leased 16,000 square feet to open a contract vivarium and in […]
By Grant Welker There isn’t enough new housing being built in the Boston area to suddenly make the region affordable. But builders are finding places to build — mainly in former industrial pockets in such places as Everett and South Boston, as well as relatively less-dense neighborhoods in Allston and Quincy. Residential developments now under construction […]
By Marian Zboraj Sprouts Farmers Market Inc. has high expectations for 2024. Amid the release of its impressive results for its fourth quarter and fiscal year ending Dec. 31, results, the specialty grocer released its outlook for the year. The outlook includes net sales growth of 5.5% to 7.5%, comparable-store sales growth of 1.5% to […]
By John Hilliard WALTHAM — Reggie Clark is 70, but memories of his childhood years at the Walter E. Fernald Developmental Center during the 1960s are painfully clear. He considers himself a survivor of the now-closed state school in Waltham that was the home to generations of people with developmental or physical disabilities. Patients weren’t […]
By Greg Ryan Boston-based Rafi Properties has withdrawn a zoning proposal that would enable the firm to build taller at its Somernova business campus in Somerville, with plans to refile the measure this spring after more discussions with local officials and residents. Last year, Rafi proposed replacing Somernova’s low-slung structures with five significantly taller buildings totaling nearly 2 […]
