Fidelity Investment is considering a possible sale of its former headquarters in downtown Boston on Devonshire Street, reports the Boston Herald. The site is expected to garner significant interest due to redevelopment prospects. The block could be redeveloped into an office tower up to 400 feet tall. Fidelity has hired CBRE New England to market […]
Plans to construct a history museum along Boston’s Rose Fitzgerald Kennedy Greenway are dead, reports the Boston Business Journal. The museums CEO, Frank Keefe, said “The board has decided that we ought to quit. Life goes on.” As ABG reported, the Massachusetts Department of Transportation denied the museum Parcel 9, one of the last available […]
Somerville officials have embarked on the first phase of development in the Union Square Revitalization Plan. The city has begun the process of acquiring land surrounding the proposed Union Square Station. Acquiring 22 parcels, either by purchase or eminent domain, will cost an estimated $4.6 million. The first phase is essential for the development project, […]
On February 5, 2013 the East Cambridge Business Association released updated plans to revitalize Kendall Square as a world-renowned center of innovation. The goal of redevelopment is to create a vibrant, mixed-use district that will compliment innovations underway on MIT’s campus. ABG Commercial is excited about the development of the PUD-5 district. As the housing […]
Following the housing bubble, construction of new homes declined sharply. The effects of low home inventories were felt in 2012 and will continue throughout 2013. The MLS Property Information Network reports that prospective buyers in Massachusetts had 23% fewer homes to select from compared to this time last year. In fact, in just Boston alone […]
The Dorchester Bay Economics Development Corporation (DBEDC), responsible for the Quincy Street Corridor revitalization, has recently been certified by the United States Small Business Administration (SBA) to administer the SBA 504 loan program. This program, funded by the federal government, is an economic development program that administers loans as well as other forms of financing […]
Since 2011, Boston’s Christian Science Church has pursued plans to reconstruct the church’s 15-acre plaza in the Back Bay. The plans submitted to the Boston Redevelopment Authority, which were approved in 2011, include the construction of two commercial buildings. The first has an approved high of 500 feet and the second has a pre-approved height […]
Construction on NorthPoint, a 20-story apartment complex, has commenced in Cambridge. HYM Investment Group, the real estate developer behind the project, stated that $2 Billion development could encompass 5 million square-feet and will include residential, commercial office, biotech, and retail opportunities. The residential portion of the development will include 355 luxury units. Progress on the […]
Cambridge and Boston have taken the lead as the first and second destination for venture capital within Massachusetts. The two cities, which previously maintained a slight lead from other destinations like Waltham and Woburn, have recently stolen capital share from neighboring cities. Below are two heatmaps, developed by CB Insights Industry Analytics, which consist of […]
