Colliers International Bostons Week In Review


Real Estate Articles of Note
August 5 – August 11, 2017

The following represents articles of interest to the Boston real estate community that appeared in various publications during the week. Certain news links may require site registration or subscription to access the complete article.


$150M project includes new apartments in JP
Boston Herald — August 10, 2017

Three nonprofit developers are partnering on the renovation and expansion of a Jamaica Plain public housing development and plans to build 353 new apartments on the site at an estimated $150 million cost.The proposed project by Jamaica Plain Neighborhood Development Corp., The Community Builders Inc. and Urban Edge would include renovating the Boston Housing Authority’s 199-unit Amory Street Apartments for low-income senior citizens and disabled people, and adding 10 new apartments in space now used for BHA offices.


Boston Mayor Walsh: GE's CEO gave ‘complete full support’ about commitment to Boston
Boston Business Journal — August 09, 2017

GE on Tuesday told employees it would break up development of its new Boston headquarters headquarters into two phases, marking the second time the multinational conglomerate has extended the construction schedule for its 2.5-acre waterfront campus.


GE again postpones expected completion of new Boston HQ campus
Boston Business Journal — August 09, 2017

The decision to extend the project’s construction timeframe comes almost at the one year anniversary of GE becoming a Boston-based company and just a week after John Flannery ascended to role of GE’s CEO.


WinnCos. selected to rebuild Southie housing complex
The Boston Globe - Print Edition — August 09, 2017

The city’s oldest public housing development is slated to get a $1.6 billion renovation that will add several thousand new units.


UMass envisions an 'oceanfront Boston neighborhood' at Bayside site
Boston Business Journal — August 08, 2017

By UMass’ estimation, the 20-acre Bayside Expo Center site could yield up to 2.5 million square feet of development and would likely include academic, research, retail, residential, dining, entertainment and cultural uses.


The future of elevators going horizontally and diagonally is closer than ever
Boston Business Journal — August 08, 2017

In the “Harry Potter” movies, “Charlie and the Chocolate Factory” and others, we see cableless boxes that can travel not just vertically but horizontally and even diagonally. Today, that future might be closer than ever.


Alexandria CEO: Boston area ‘will not be as dominant’ in future growth plans
Boston Business Journal — August 08, 2017

On an earnings conference call last week, the CEO of the life sciences developer, Joel Marcus, said the company is plotting a five-year growth plan — and that plan shows Greater Boston "will not be as dominant in our asset base as it is today."


More Boston neighborhoods seeing affordable housing units
The Boston Globe - Print Edition — August 07, 2017

A city program requiring developers to build low-cost units has concentrated new housing in affluent neighborhoods.


With Amazon and GE moving in, empty Fort Point storefronts gain interest
The Boston Globe — August 06, 2017

Since Amazon announced its plans to bring 900 employees to Fort Point, real estate brokers say there’s been an uptick in interest from companies looking to fill empty storefronts near Amazon’s new office on Summer Street. It’s evidence, they say, that the western corner of Fort Point is poised to undergo a transformation as corporate towers teeming with new workers drive foot traffic on the streets below.


Friends of the Public Garden gets a $5M consolation prize
Boston Business Journal — August 04, 2017

As soon as the Boston City Council voted 10-3 to approve a home-rule petition that would change state shadow laws, Liz Vizza knew the battle was lost.




Colliers In The News


Colliers Sells Bay Village Condo Redevelopment Opportunity on Behalf of the Marist Fathers
Citybizlist : Boston : Commercial Real Estate — August 09, 2017

...Colliers International’s Multifamily Investment Sales team recently announced that it has sold 27-29 Isabella Street in...


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