Updates in the world of Commercial Real Estate
Wellington Place, an apartment complex in Medford, Massachusetts, has sold for 40 million dollars. The complex is 6 acres wide and has a total of 137 units. MIREF Wellington LLC bought Wellington Place. Medford is only four miles outside of Boston; this puts Wellington Place within walking distance of the MBTA. The nearest stop is […]
The Atlantic Wharf tower, built in 2011, along the Rose Fitzgerald Kennedy Greenway has no more available space. McKinsey and Co., a global consulting firm bought 35,000 square feet of office space in the tower. Above, Boston’s $550 million Atlantic Wharf Tower This was all of the tower’s remaining space; McKinsey and Co. will be […]
Whole Foods Market, a high-end organic food store dubbed, “America’s Healthiest Grocery Store,” is making its way into Massachusetts—and fast. The construction of six new Whole Foods Markets in Massachusetts has not yet been confirmed; however, the grocer is reportedly in negotiations to either lease or purchase, “6 of 10 Johnnie’s Foodmaster sites in Arlington, […]
Last Thursday, the Boston Redevelopment Authority approved real estate developer Millennium Partners’ $615 million proposal to redevelop One Franklin Street in Downtown Crossing. The project will include a 625 foot structure, Millennium Tower, as well as a renovated Burnham Building. Plans include “600 condominiums and apartments, up to 218,000 square feet of office space and […]
This week, proposed plans for the redevelopment of the Edward J. Sullivan Courthouse in East Cambridge progressed, with three of an original six companies moving forward into a second round of bidding. The East Cambridge Planning Team, a state agency responsible for redevelopment of the Sullivan Courthouse, identified a proposal submitted by HYM Investment Group […]
Just after being elected mayor in 2003, Joe Curtatone at a boarded-up building in Assembly Square. By Danielle Dreilinger, Globe Correspondent Confusion, tension, and frustration filled Somerville City Hall Wednesday at a nearly four-hour meeting as the aldermen’s Finance Committee debated whether to authorize a bond that could be the key – or the stopping […]
CONSTRUCTION EXPECTED TO COMMENCE FALL 2011 – Download image SOMERVILLE, Mass., May 4, 2011 /PRNewswire/ — Federal Realty Investment Trust (NYSE: FRT) today announced that the Massachusetts Bay Transportation Authority (MBTA) submitted a notice to bidders for the construction of a new Orange Line T station for Assembly Row at Assembly Square. The new station […]
Somerville — With a $25 million investment from the city, the stage has been set for a shiny new Assembly Square with a planned Orange Line station, at least three new buildings – both residential and commercial – and the infrastructure to support about a dozen more. By a 9 – 1 vote Monday night, […]
In order to build a new Orange Line stop at Assembly Square, Mayor Joe Curtatone has asked the Board of Aldermen to borrow $25 million. The idea is that tax revenue from the first stage of the commercial and residential development would go towards paying off the debt and jump-start the redevelopment of Assembly Square. […]
The Boston Redevelopment Authority said Friday that Director John Palmieri has submitted his resignation. He will continue to lead the organization until May 1. The BRA did not detail a reason for Palmieri’s departure. Susan Elsbree, a BRA spokeswoman, said Palmieri formally informed Mayor Thomas Menino and the BRA board of his intention to step […]
