Real Estate Articles of Note
June 2 – June 8, 2018
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.
Boston has new rules to help buildings withstand climate change
The Boston Globe — June 15, 2018
The Boston Planning & Development Agency on Thursday approved new rules to make big buildings more resilient to the effects of climate change. City officials hope the measures will help minimize flooding, keep the lights on in more buildings during power outages, and make it easier to upgrade street lights and other public works.
The Office of the Future: Designing a space worthy of your company's potential
Boston Business Journal — June 14, 2018
Employee engagement — an objective that aligns tightly with recruitment and retention of valued workers — can be enhanced by workplace design that augments a company’s culture. It can be just as easily undercut by a design that doesn’t make employees feel they’re valued parts of a team.
Eisai to open Alzheimer's research center in Alewife next year
Boston Business Journal — June 13, 2018
Japanese drug giant Eisai Inc. plans to open a new 80-employee center in Cambridge's Alewife neighborhood next year devoted to developing drugs for Alzheimer’s disease, while closing a similar-sized site in Andover.
Boston’s City Council Just Passed an Overhaul of Airbnb
Boston Magazine — June 13, 2018
Boston’s City Council on Wednesday voted 11-2 to adopt new rules for short-term rentals, a policy change that would outlaw many of the units currently listed on the popular app and, in theory, free up thousands of units of housing in the city now used exclusively by visitors.
Some say Braintree traffic would go from bad to worse if Amazon opens shipping center
The Boston Globe — June 12, 2018
Several property owners in a Braintree industrial park are asking that town’s Planning Board to reject a permit Amazon is seeking for a 250,000-square-foot “last-mile” shipping center in an empty warehouse there. They’re worried the stream of delivery trucks, vans, and cars to and from the building would choke traffic up Granite Avenue all the way to Route 128.
Whole Foods offers free 2-hour delivery in Boston
The Boston Globe — June 12, 2018
On Tuesday, the Amazon-owned grocery store announced that it will begin offering Prime Now deliveries in Boston and three other new cities. Amazon customers who have Prime memberships will be able to get their groceries delivered gratis from 8 a.m. to 10 p.m. daily.
Chinese company to build $60M biomanufacturing facility in Worcester
Worcester Business Journal — June 11, 2018
A Chinese biotech company will build a $60-million facility at the Worcester Biomanufacturing Park, becoming the first tenant at the site of the former Worcester State Hospital, which the Worcester Business Development Corp. is attempting to turn into a major biotechnology hub.
Manufacturing poised for a comeback at ex-Polartec plant as incubator leases space for startups
The Boston Globe — June 11, 2018
The Amesbury-based business incubator CI Works has signed a five-year lease with IndusPAD, as the factory building is now called, to expand into a 90,000-square-foot space that could accommodate as many as 60 startup companies and about 200 workers.
Related Beal tops off Congress Square with WeWork's latest co-working space
Boston Business Journal — June 11, 2018
The new WeWork location will take up four floors and roughly 90,000 square feet at 40 Water St., according to Related Beal.
Moving one MBTA stop away could save you hundreds in rent, study says
Boston.com — June 8, 2018
Moving just one MBTA stop away can make a big difference in rental price. Case in point: Moving from the Broadway stop ($3,217) to Andrew Station ($2,200) on the Red Line could save residents $1,017 a month.
Colliers In The News
Colliers brings a 72-unit waterfront apartment community to the market in Braintree
Boston Real Estate Times — June 12, 2018
Colliers International’s Multi-Family Investment Sales team has brought Windjammer Cove Apartments, a 72-unit waterfront apartment community in Greater Boston’s Braintree neighborhood in Massachusetts, to the market.
Boston's First Zoning Overhaul In A Half-Century Could Be More Blip Than Boom
Bisnow — June 12, 2018
“These are the natural next steps of growth within our communities that are transit-accessible and that haven’t seen the same level of investment in the urban core,” Colliers International Director of Research Aaron Jodka said. “I don’t see East Boston, Mattapan or Newmarket going up with 50-story high-rises, but you could get more housing in there.”
From Farmers’ Markets to Cubicle Farms: South End Set to Take off as Job Cluster
Banker & Tradesman — June 10, 2018
Vacancies in the 1.25-million South End/Crosstown office submarket have fallen to 4.5 percent, less than half the citywide average, according to research by Colliers International Boston. “It’s one of the few value spots you can find within the city of Boston,” Colliers Director of Research Aaron Jodka said. “But the new product will push rents much higher.”