BUILD BACK BETTER BY JOSEPH ITRI

 In Newsletter: Fall '21

Hello, Brothers and Sisters. The building boom is still booming along very nicely. This is just a small portion of some of the upcoming projects in the Boston area. Our Glaziers are still at 100% capacity and climbing. Keep an eye on President Joe Biden’s Build Back Better legislation. The President is definitely trying everything he can to help the middle class and working poor in America. He’s the only President in my lifetime that has gone on TV and talked about creating “good-paying Union jobs.” The President has also said that once they get the middle-class tax cut pushed through, the PRO Act is next on the agenda. If the Democrats can get that passed, between infrastructure and Build Back Better, we will be in fantastic shape in the coming years.

 

 

 

 

 

 

155K SF Lab Conversion Under Review for Former Boston WeWork Space

A planned 160,000 SF office conversion in Downtown Boston near South Station is now under official review. Oxford Properties plans to transform 745 Atlantic Avenue into 155,000 SF of life science lab/ research space and reorganize the ground-floor lobby into 5,900 SF of mixed-retail space. Earlier this year, WeWork left 210,000 SF of space, leaving the building 75% vacant. 745 Atlantic Ave is located adjacent to South Station in Boston’s Leather District.

 

 

 

 

 

 

Allston Development Site Financed for $10M

City Realty Boston has financed 76 Ashford Street in Allston for $10M through Country Bank. The developer is currently planning a 16-story, 250-plus unit apartment tower on the property. The project would also include open space for public access to the proposed West Station.

 

 

 

 

 

 

 

Ginkgo Bioworks to Fully Lease Parcels O & P in Seaport

Marcus Partners, a real estate investment, management and development firm announced that Ginkgo Bioworks, the organism company, will occupy 100% of the firm’s new life science campus at Parcels O and P in the Raymond L. Flynn Marine Park in the Seaport. Previously announced as the anchor tenant, Ginkgo Bioworks is now committed to the entire 228,000 SF life science campus. At Parcel O, Marcus Partners is planning a new state-of-the-art 219,000 SF life science building. An

adaptive reuse of an existing steel manufacturing building at Parcel P will serve as a 9,000 SF amenity building for the campus. Construction is expected to commence in early 2022.

 

 

 

 

 

 

 

 

 

 

 

$735M Construction Loan Secured for Seaport Office Tower

WS Development has secured a $735M construction loan through Wells Fargo Bank for the upcoming 17-story office tower at One Boston Wharf Road. In addition to 630,000 square feet of office space, the project will feature ground-floor retail and a new performing arts center, comprising two live performance venues. Construction is expected to last through 2024.

 

 

 

 

 

Northeastern University EXP 795 Columbus Avenue

In January 2017, the first building on the Project site was completed, known as the Interdisciplinary Science and Engineering Complex (ISEC). Northeastern now proposes to construct a second building on the Project site: an eight-story, approximately 350,000 gross square foot building containing additional classrooms, laboratories, and a dynamic new makerspace hub.

» Translate
To submit your certification for our records to qualify for STARCLICK HERE!
+ +