Twinkies will be making a comeback. Apollo Global Management, LLC and Metropoulos & Co. have agreed to purchase Hostess and Dolly Madison. The firms will be buying the brands, five bakeries and some equipment for $410 million. Stores were bare of the cake brands since November when the company declared bankruptcy and closed its plants. […]
Mayor Menino has pushed back the BID and BRA’s plan to kick pushcart vendors out of downtown Boston at the end of March. The mayor gave the operators a 60-day reprieve because he feels strongly that they should be able to stay downtown. The BID and BRA has plans to create a smaller transitional […]
Last week, Somerville’s Design Review Committee reviewed conceptual plans for Assembly Square’s mixed use Main Street development. The design included a cluster of building with large glass displays and offices that overlook the riverfront. The plans were laid out by Michael Giardina, Design Principal at Kling Stubbins, for two buildings in the Square. The first […]
A luxury high-rise tower on 45 Stuart Street near North Station was approved yesterday. The developer, AvalonBay, will begin construction on the 404 unit apartment tower within a few weeks. In fact, they have already applied for a foundation permit, says Scott Dale, Senior Vice President of Development for AvalonBay in Arlington, VA. The $425 […]
American Express is launching a new payment system where Twitter users will be able to pay for products by putting a special hashtag on tweets. This service allows users to sync there Amex cards with their Twitter accounts. Amex launched their Twitter sync last year where users were able to receive discounts on products […]
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 […]
