DOCSLIB.ORG

Boston Office Market Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Boston Office Market Report BOSTON OFFICE MARKET REPORT FOURTH QUARTER 2019 FLURRY OF ACTION WRAPS UP STRONG YEAR Long considered one of the nation's most historical and steadfast cities, Greater Boston has undergone an evolution over the past decade and become one of the world's most dynamic gateway cities and top tier investment markets. A global icon for its outstanding research universities, medical centers and technological advancement, Greater Boston's expansion has been fueled by its diverse economy and record setting venture capital and NIH funding. Not only has the local population grown at a rate well above the national average, but the job market has kept pace with the state's unemployment rate measuring below three percent. The marked increase in both population and job growth can largely be attributed to over 40% of students from local universities and colleges that are electing to remain in Boston following graduation. Not surprisingly, Greater Boston's workforce has become one of the nation's most youthful, with 35% of its workers between the ages of 20 and 34 compared to the national average of only 20%. The region's strengthening demographics and economy have promoted a transformative phase across the state that has ushered in new retail, residential and infrastructure development that has not been achieved in decades. Looking forward, expect durable market conditions and a diversified economy to guide the region's commercial real estate market to a strong performance over the next several years. 2.9% 3.5% $11. 5 B #1 NOVEMBER NOVEMBER GREATER BOSTON NATIONALLY MASSACHUSETTS NATIONAL VC FUNDING R&D FUNDING UNEMPLOYMENT UNEMPLOYMENT (2018) PER CAPITA CLASS A MARKET ASKING RATE VS. DIRECT VACANCY TRENDS $70.00 16.0% $67.00 14.0% $64.00 12.0% $61.00 GLOBAL DESTINATION $58.00 10.0% World leader in medical innovation and $55.00 8.0% technological advancement $52.00 6.0% $49.00 4.0% DEMAND PUSHES $46.00 2.0% DEVELOPMENT $43.00 Significant demand has produced a $40.00 0.0% large development pipeline 20192018201720162015201420132012201120102009200820072006 Average Asking Rate Direct Vacancy (%) TECHNOLOGY & INNOVATION HUB Fortune 500 leaders and 1,900 homegrown startups CLASS B ASKING RATE VS. DIRECT VACANCY NEW LIFE SCIENCE HUB $55.00 16.0% As Cambridge fills up, life science tenants look to the Seaport for a new home $50.00 14.0% $45.00 12.0% COWORKING SPACE $40.00 10.0% DISRUPTING MARKET Tenants like flexibility and $35.00 8.0% shorter term commitments $30.00 6.0% $25.00 4.0% TENANTS FAVOR $20.00 CREATIVE OFFICE 2.0% Open layouts, contemporary and $15.00 0.0% collaborative environments 20192018201720162015201420132012201120102009200820072006 Average Asking Rate Direct Vacancy (%) DIRECT VACANCY RATE BY SUBMARKET Seaport Midtown North Station Financial District South Station Back Bay Charlestown Fenway 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% QUICK GLANCE MARKET STATS VACANCY SUBLEASE AVAILABILITY 4.2% 2.0% 11. 5% ABSORPTION CONSTRUCTION ASKING RATE 1.27MM sf 2.4 MM sf $61.77/sf North Station North End $55.46/SF Beacon Hill Financial District Back Bay $62.97/SF $64.67/SF Midtown $50.98/SF South End South Station $54.58/SF Seaport $65.42/SF CLASS A OFFICE • Following last quarter's announcement from Foundation Medicine that the Cambridge-grown tenant will relocate into 580,000 square 2.9% feet at 400 Summer Street in the Seaport, two additional Cambridge tenants noted their expansion plans into Boston. CarGurus has DIRECT VACANCY committed to 11 floors or 275,000 square at Samuels' Parcel 12 location in the Back Bay. The air rights project to be constructed above the Mass Pike will be the first of its kind in four decades and create valuable real estate at the intersection of Massachusetts Avenue and Newbury Street. • Arguably the first, and certainly the largest tenant to make the transition from Cambridge to Boston, Vertex Pharmaceuticals # 2.3% recently disclosed its intention to lease 256,000 square feet at iSQ where Related Beal recently delivered a fully leased phase one SUBLEASE AVAILABILITY to Smart Labs and PureTech Health. The second phase, which is currently under construction, will reportedly be taken down entirely by Vertex. Given the explosive growth potential of life science tenants, having space under construction is crucial and drives many decisions. For Vertex, there are certainly sites available closer to their existing Fan Pier campus, however without permits and shovels in the ground there is an air of uncertainty and a 1-2 year delivery lag which is unacceptable to fast paced life science industry. # 11.9 % • As recently as 24 months ago, some locals fretted over the Back TOTAL AVAILABILITY Bay's future, however the stalwart market proved its merit having absorbed 894,000 square feet over the past years and now measuring a vacancy rate below two percent. Plagued by massive relocations to Downtown and the Seaport, the gaping holes have been backfilled by the likes of Wayfair, Draft Kings, Drift and WeWork. During the fourth quarter, both Draft Kings and Drift expanded by roughly 20,000 square feet each. The market gained additional momentum from the relocation announcement by CarGurus noted above as well # 1,417,950 SF as indications from Boston Properties that their redevelopment atop 12-MONTH ABSORPTION Back Bay Station will likely kickoff in early 2020. • Strong momentum also swept across the Financial District where annual absorption reached 697,000 square feet. Demolition and construction carried on at One PO Square, which may have contributed to Nelson Mullins Riley & Scarborough's decision to relocate their legal offices to 43,000 square feet at One Financial Center when their lease expires next year. While not relocating, LEK Consulting announced a 15,000 square foot expansion at 75 State # $66.80/SF Street which brings their operations to roughly 78,000 square feet. AVERAGE ASKING RATE CLASS A OFFICE NOTABLE QUARTERLY LEASES ADDRESS SUBMARKET TENANT SF 400 Summer Street Seaport Foundation Medicine 580,000 Parcel 12 (Mass Ave @ Newbury St) Back Bay Car Gurus 275,000 316-318 Northern Ave (iSQ) Seaport Vertex Pharmaceuticals 265,000 125 Summer Street Financial District Klaviyo 160,000 200 Berkeley Street Back Bay WeWork 87,000 75-81 Arlington Street Back Bay WeWork 68,000 600 Atlantic Avenue Financial District Harvard Management Company 44,000 One Financial Center Financial District Nelson, Mullins, Riley & Scarborough 43,000 222 Berkeley/500 Boylston Back Bay Draft Kings 20,000 222 Berkeley/500 Boylston Back Bay Drift 20,000 75 State Street Financial District LEK Consulting 15,000 AVERAGE ASKING RATE AVERAGE DIRECT VACANCY BY SUBMARKET BY SUBMARKET $78.00 18.0% $72.00 15.0% $66.00 12.0% $60.00 9.0% $54.00 6.0% $48.00 3.0% $42.00 0.0% 201920182017201620152014201320122011201020092008 201920182017201620152014201320122011201020092008 Financial District Seaport Back Bay 93 Wood Island 28 1 Airport Community College Constitution Wharf 28 Lechmere Portfolio Constitution Wharf Maverick Battery Airport Terminal C 93 Wharf SUMNER TUNNEL 1 LOGAN AIRPORT Science Park North Station LincolnCALLAHAN TUNNEL RECENT Wharf Central Union Airport Terminal A Wharf Sargents Wharf 90 Airport Terminal B2 Lewis Kendall/MIT Wharf Haymarket Airport Terminal B1 LONGELLOW BRIDGE INVESTMENT Charles/MGH Bowdoin Long Wharf Government Center Aquarium y a State St w n e MASSACHUSETTS e r G INSTITUTE OF TECHNOLOGY 3 y d e n Park St n Rowes e Wharf Downtown K Fan MASS AVE BRIDGE SALES e Crossing s Pier Boston o Commons R NORTHERN AVE BRIDGE Public EVELYN MOAKLEY BRIDGE Pier 4 Garden Boylston Chinatown South Station Pier 6 100 Summer Street Court House TED WILLIAMS TUNNEL Arlington Pier 7 Boston University West 90 Copley Boston University East Boston University Central Tufts Medical Center 20 One Marina Park Blandford ST YAWKEY Kenmore World Trade Center Hynes Convention Ctr HYNES 90 PRUDENTIAL CONVENTION CENTER 90 CENTER Back Bay Silver FENWAY Line PARK 28 Herald ST Way Prudential BOSTON 3 CONVENTION & EXPO CENTER Fenway Back Bay 93 LANDMARK Fens CENTER E.Berkeley ST 1 Symphony Broadway Union Park ST 9 Massachusetts Ave 28 Northeastern 7 Elkins Street Newton ST City Point Museum Of Fine Arts Worcester Square Ruggles Longwood Medical Area Massachusetts Ave 9 Lenox ST Brigham Circle 100 SUMMER STREET ONE MARINA PARK $806,000,000 ($732/RSF) Buyer: Rockpoint Group $482,000,000 ($980/RSF) Buyer: Clarion Partners CONSTITUTION WHARF PORTFOLIO 7 ELKINS STREET $114,000,000 ($635/RSF) Buyer: Jamestown $28,850,000 ($483/RSF) Buyer: Related Companies CLASS B OFFICE • Despite all the recent turmoil and uncertainty surrounding WeWork, # 6.5% other co-working brands continued more measured and steady growth. Most notably, Knotel has established their first location in DIRECT VACANCY greater Boston at 239 Causeway Street in the thriving North Station submarket. The property, essentially kitty corner to the wildly popular Hub on Causeway destination, will mark Knotel's first foray into Boston. The 26,000 square foot space will hopefully be the first of many, with Knotel executives reportedly having identified other locations across the Back Bay and South End which will likely become additional outposts in 2020. # 1.5% • The Seaport continued its poll position as the rent market leader with average asking rents reaching $60.00 per square foot. Rents are SUBLEASE AVAILABILITY up 22% from three years ago despite vacancy ticking up to roughly 10% following a few musical chair relocations. This quarter, Motif signed a 10,600 square foot lease at 27 Drydock Avenue, Dimella Shafer relocated into 13,800 square feet at 24 Farnsworth Street and Bynder moved into 8,900 square feet at 321 Summer Street from 24 Farsnworth Street.
Load more

Recommended publications
  • Directory of Massachusetts LOBBYISTS   617.646.1000 - BOSTON - WASHINGTON DC GREG M
    Directory of Massachusetts LOBBYISTS 617.646.1000 - www.oneillandassoc.com BOSTON - WASHINGTON DC GREG M. PETER J. VICTORIA E. MARK K. MATTHEW P. D’AGOSTINO D’AGOSTINO IRETON MOLLOY MCKENNA Lobbying & Public Aairs Providing comprehensive state and municipal advocacy. PRACTICE AREAS: TRANSPORTATION | HEALTH CARE PUBLIC SAFETY | REGULATIONS | ENERGY ENVIRONMENT | CANNABIS FINANCIAL SERVICES | EMERGING INDUSTRIES 12 POST OFFICE SQUARE, 6TH FLOOR | BOSTON, MA 02109 | 6175743399 WWW.TENAXSTRATEGIES.COM David Albright Oamshri Amarasingham Cynthia Arcate Jewish Alliance for Law and Social Action American Civil Liberties PowerOptions, Inc. A 18 Tremont Street, Suite 320 Union of Massachusetts 129 South Street, 5th Floor Boston, MA 02108 211 Congress Street Boston, MA 02111 Anthony Arthur Abdelahad (617) 227-3000 Boston, MA 02110 (617) 428-4258 Ventry Associates LLP (617) 482-3170 1 Walnut Street Walter Alcorn Luz A. Arevalo Boston, MA 02108 Consumer Technology Association Robert J. Ambrogi Greater Boston, Legal Services (617) 423-0028 1919 South Eads Street Law Office of Robert Ambrogi 197 Friend Street Arlington, VA 22202 128 Main Street Boston, MA 02114 Tate Abdols (571)239-5209 Gloucester, MA 01930 (617) 603-1569 Onex Partners Advisor, Inc. (978) 317-0972 161 Bay Street Theodore J. Alexio Jr. Derek Armstrong Toronto, ON M5J 2S1 Essential Strategies Inc. Shannon Ames Bank of America, N.A. (416) 362-7711 One State Street, Suite 1100 Low Impact Hydropower Institute 100 Federal Street Boston, MA 02109 329 Massachusetts Avenue, Suite 6 Boston, MA 02110 Brendan Scott Abel (617) 227-6666 Lexington, MA 02420 (617) 434-8613 Massachusetts Medical Society (781) 538-4266 860 Winter Street Waltham, MA 02451 Daniel Allegretti Gabriel Amo Kristina Ragosta Arnoux (781) 434-7682 Exelon Generation Company, LLC Magellan Health 1 Essex Drive The Home Depot 8621 Robert Fulton Drive Bow, NH 03304 166 Valley Street, 6M222 Columbia, MD 21046 Lisa C.
    [Show full text]
  • Boston Office Market Report
    BOSTON OFFICE MARKET REPORT THIRD QUARTER 2017 FLAT ABSORPTION AMIDST MOVING PIECES As the nation’s 10th largest metro and population growth exceeding San Francisco, New York and Los Angeles, Boston has cemented its status as one of the premier Global Markets as a “must have” location. Not surprisingly, rumors surrounding Amazon’s HQ2 are running rampant with many local professionals thinking the Hub stands an excellent chance to land the second behemoth headquarters for the booming Amazon. In addition to the buzz surrounding the potential Amazon expansion, the local market remained extremely active with several large chips announcing relocations this quarter. Rental rents have responded favorably with the average rate eclipsing $55.26 per square foot. With a combined vacancy rate at 7.0% across Downtown’s eight distinct submarkets, the overall market has remained at its lowest levels since the dot-com boom of the early 2000’s. Firmly rooted in education, technology and life sciences, the region’s diverse economic base has submitted strong job growth through increased recruitment and skilled labor retention from the area’s leading universities and institutions. Looking forward, expect sound market conditions and a diversified economy to guide the greater Boston commercial real estate market to a strong performance over the next several years. # 4.2% # 4.4% # 2.9% 4th AUGUST AUGUST ANNUAL HIGHEST GDP MASSACHUSETTS NATIONAL WAGE GROWTH PER CAPITA UNEMPLOYMENT UNEMPLOYMENT NATIONALLY MARKET TRENDS CLASS A - ASKING RATE BOSTON 10TH LARGEST
    [Show full text]
  • Boston Office Market Report
    BOSTON OFFICE MARKET REPORT SECOND QUARTER 2018 NO SIGNS OF SUMMER SLOWDOWN Greater Boston's market showed no signs of weakening during the second quarter by recording strong growth from numerous industry types. The market continued receiving inbound demand as well as converting organic growth into significant expansion. Most notably, Amazon's commitment to nearly 430,000 square feet at Parcel L4 in the Seaport reflects inbound demand while Wayfair's torrid expansion into roughly 395,000 SF in the Back Bay at 222 Berkeley and 500 Boylston Street exemplifies organic growth. The region's demographics and economy have remained solid which has supported and promoted Boston's recent expansion. Firmly rooted in education, technology and life sciences, Boston's diverse economic base has submitted strong job growth through increased recruitment and skilled labor retention from the area’s leading universities and institutions. Looking forward, expect durable market conditions and a diversified economy to guide the region's commercial real estate market to a strong performance over the next several years. 3.5% 3.8% # $2.6B 2ND MAY MAY MA QUARTERLY NATIONALLY IN MASSACHUSETTS NATIONAL VC FUNDING (Q1) QUARTERLY (Q1) UNEMPLOYMENT UNEMPLOYMENT VC FUNDING CLASS A MARKET ASKING RATE VS. DIRECT VACANCY TRENDS $64.00 16.0% $61.00 14.0% $58.00 12.0% GLOBAL DESTINATION $55.00 10.0% World leader in medical innovation and $52.00 8.0% technological advancement $49.00 6.0% TOWER SALES RIPPLE $46.00 4.0% EFFECT Will recent Class A Tower sales push $43.00 2.0% rental rates even higher? $40.00 0.0% 201720162015201420132012201120102009200820072006 YTD2018 TECHNOLOGY & Average Asking Rate Direct Vacancy (%) INNOVATION HUB Fortune 500 leaders and 1,900 homegrown startups CLASS B BUILD TO SUIT AND ASKING RATE VS.
    [Show full text]
  • Boston Office Market Report
    BOSTON OFFICE MARKET REPORT FOURTH QUARTER 2017 OUTSTANDING YEAR LEAVES BRIGHT FUTURE The past year's headlines were marked by all the premier movers and shakers within the commercial real estate industry. Amazon remained the elephant in the room, with everyone from City Hall to Fenway Park speculating where the eCommerce behemoth will erect its new HQ2, if anywhere locally. Shrouded with somewhat less intrigue, GE began renovation efforts for its Fort Point headquarters despite shifting timelines and some uncertainty surrounding the scope of the larger development component. Beyond the stalwart Downtown and Seaport markets, the less publicized but increasingly competitive fringe markets including North Station and Brighton surged to close out the end of the year. Several tenant relocations from the Core markets to these burgeoning markets bolstered the nascent Class A markets. Primarily, Boston Properties rejuvenation of the parking lot outside TD Garden into a dynamic mixed-use urban playground will firmly anchor North Station, while at Boston Landing in Brighton, New Balance and its partners have quite literally created a new neighborhood as a viable alternative for ultra competitive Cambridge. Firmly rooted in education, technology and life sciences, Boston's diverse economic base has submitted strong job growth through increased recruitment and skilled labor retention from the area’s leading universities and institutions. Looking forward, expect durable market conditions and a diversified economy to guide the region's commercial real estate market to a strong performance over the next several years. 3.6% 4.1% # 2.9% 2ND NOVEMBER NOVEMBER ANNUAL HIGHEST GDP PER MASSACHUSETTS NATIONAL WAGE GROWTH CAPITA NATIONALLY UNEMPLOYMENT UNEMPLOYMENT MARKET CLASS A TRENDS ASKING RATE VS.
    [Show full text]
  • TELEXFREE SECURITIES LITIGATION This Document Relates To
    Case 4:14-md-02566-TSH Document 790 Filed 12/04/19 Page 1 of 430 UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS IN RE: TELEXFREE SECURITIES LITIGATION This Document Relates To: MDL No. 4:14-md-2566-TSH All Cases CELIO DA SILVA, RITA DOS SANTOS, PUTATIVE CLASS REPRESENTATIVES AND CLASS ACTION THOSE SIMILARLY SITUATED, Plaintiffs, v. FIFTH CONSOLIDATED AMENDED COMPLAINT TELEXELECTRIC, LLLP; et al., (CORRECTED) Defendants. DEMAND FOR TRIAL BY JURY Case 4:14-md-02566-TSH Document 790 Filed 12/04/19 Page 2 of 430 TABLE OF CONTENTS TABLE OF CONTENTS .............................................................................................................. i I. JURISDICTION AND VENUE .......................................................................................... 12 II. THE PARTIES ..................................................................................................................... 12 A. PLAINTIFFS ................................................................................................................ 12 B. DEFENDANTS ............................................................................................................. 14 1. TELEXFREE DEFENDANTS ........................................................................ 14 a. Third-Party TelexFree Bankrupt Entities ...................................................... 14 b. Electric and Mobile ........................................................................................... 15 2. OTHER OPERATIONAL DEFENDANTS ..................................................
    [Show full text]
  • Greater Boston Market Viewpoint
    GREATER BOSTON MARKET VIEWPOINT 1ST QUARTER 2014 Accelerating success. MARKET VIEWPOINT | Q1 2014 Boston Overview At the end of the fi rst quarter 2014, net occupancy in the Boston • At the end of the fi rst quarter there were over 130 tenants in offi ce market increased by 825,000 square feet to 55.1 million the market seeking an aggregate of over 3.2 million square square feet, representing a historic high. Positive absorption feet of space. Although the median requirement is 10,000 was primarily due to the delivery of two offi ce buildings in the square feet, some of the larger requirements include: Seaport District—Vertex Pharmaceuticals' 550,000-square-foot headquarters at Fan Pier and State Street Bank’s Tenant SF Industry 500,000-square-foot building at One Channel Center. An BNY Mellon 400,000 Financial Services additional 550,000-square-foot lab building was delivered Putnam Investments 300,000 Financial Services adjacent to the Vertex offi ce building which is not refl ected in Wells Fargo 250,000 Financial Services these offi ce statistics. Analysis Group 170,000 Business Services Choate Hall & Stewart 130,000 Legal The offi ce vacancy rate for all submarkets including Class A and Natixis Asset Management 125,000 Financial Services Class B space was 12.0% at quarter-end, ranging from a low of 2.3% in the North Station submarket to 15.1% in the Financial VELOCITY District. The Financial District, with 33.6 million square feet of supply is the largest of the three core submarkets and currently • Velocity (signed lease activity) totaled over 850,000 square accounts for a disproportionate share of available space.
    [Show full text]
  • B Oston Inner Harbor
    93 30 Cambridge St Charlestown Msgr. O’Brien Chelsea St Hy Bridge Hampshire St Co Route 3 mm erc ial To Logan St t International 35 S t B s S Airport e 39 l r Broadway e o r v a t o h S n s Commercial Av C a d t Main St r H o on o f d M 31 i ar n Ch n a Longfellow a w ss t Ne a Cambridge St S ch Bridge u n I C se i C o n t h o d 22 t St a u St n s r State A r 16 w t St 7 A l t 29 e e o 33 S 34 l v a r r s B t n e n t v S o 38 i c H i t Harvard Bridge R m S e a s r n 4 2 e Boston T to r rl g 20 b Memorial Drive a Common in 44 o h Berkeley St sh 3 24 r C a 9 36 14 19 N W l o Public 8 10 41 e rth Beacon St er Garden 26 Beach S 37 n n Clarendon St t n A a v Dartmouth17 St 23Arlington St 42 C 25 43 S 15 21 h o 1 6 tuart S n 5 t r C gr 18 e e Commonwealth Av t t Su ss Commonwealth Av s n m S 46 e i m t 45 h e 40 c o r Boylston St r P 28 o Beacon St 90 t 27 D r 11 o Sobin 12 F Park 32 0 1/4 1/2 mi E Berkeley St 93 Boylston St 13 D St Huntington Av Brookline Av Reserved Channel Columbus Av Tremont St Representative Boston Office Landlord Projects 1 10 St.
    [Show full text]
  • 85 Devonshire Street Boston, Ma
    85 DEVONSHIRE STREET BOSTON, MA RETAIL SPACE FOR LEASE 85 DEVONSHIRE STREET STREET FLOOR MEZZANINE BOSTON, MA 3,665 SF 855 SF – OPEN TO BELOW + 2,900 SF LOWE LEVEL 85 Devonshire Street provides hard corner visibility to a very busy vehicular and pedestrian intersection. Ideally positioned in the center of Downtown Crossing, adjacent to the MBTA - State Street entrance, with access to the Orange and Blue lines. Directly across from Congress Square which is occupied by: • 284,600 SF office including the 200,000 SF joint headquarters for DigitasLBi and Publicis.Sapient • A 165-key, 85,700 SF Hyatt Centric boutique hotel • 51,350 SF of residential space including 35 condominiums • 36,650 SF of retail Densely surrounded by office, hotel, and residential towers new and old, making this is an opportunity for strong seven-day customer counts and maximum brand visibility. 855 SF Dw WATER STREET WATER 3,665 SF OPEN TO BELOW +2,900 SF LOWER LEVEL DEVONSHIRE STREET PROPERTY FEATURES • 4,520 SF street-level retail/restaurant space and 2,900 SF lower-level space available • Corner location adjacent to MBTA entrance, across from Congress Square development, and steps from Freedom Trail and core Financial District • Approximately 55' of dramatic window line frontage along Devonshire Street, and 60’ of floor to ceiling window line along Water Street, allowing for prominent signage and branding visibility • Retail and restaurant neighbors include Dig Inn, HomeGoods, Love Art Sushi, Marshalls, Old Navy, Primark, Roche Bros., Shake Shack, Sweetgreen and T.J.Maxx
    [Show full text]
  • 2007 Labeled Buildings List Final Feb6 Bystate
    ENERGY STAR® Qualified Buildings and Manufacturing Plants As of December 31, 2007 Building/Plant Name City State Building/Plant Type Alabama Calhoun County Administration Building Anniston AL Courthouse Calhoun County Court House Anniston AL Courthouse 10044 Birmingham AL Office Alabama Operations Center Birmingham AL Office BellSouth City Center Birmingham AL Office Birmingham Homewood TownePlace Suites by Marriott Birmingham AL Hotel/Motel Roberta Plant Calera AL Cement Plant Honda Manufacturing of Alabama, LLC Lincoln AL Auto Assembly Plant Alaska Elmendorf AFB, 3MDG, DoD/VA Joint Venture Hospital Elmendorf Air Force Base AK Hospital Arizona 311QW - Phoenix Chandler Courtyard Chandler AZ Hotel/Motel Bashas' Chandler AZ Supermarket/Grocery Bashas' Food City Chandler AZ Supermarket/Grocery Phoenix Cement Clarkdale AZ Cement Plant Flagstaff Embassy Suites Flagstaff AZ Hotel/Motel Fort Defiance Indian Hospital Fort Defiance AZ Hospital 311K5 - Phoenix Mesa Courtyard Mesa AZ Hotel/Motel 100 North 15th Avenue Building Phoenix AZ Office 1110 West Washington Building Phoenix AZ Office 24th at Camelback Phoenix AZ Office 311JF - Phoenix Camelback Courtyard Phoenix AZ Hotel/Motel 311K3 - Courtyard Phoenix Airport Phoenix AZ Hotel/Motel 311K4 - Phoenix North Courtyard Phoenix AZ Hotel/Motel 3131 East Camelback Phoenix AZ Office 57442 - Phoenix Airport Residence Inn Phoenix AZ Hotel/Motel Arboleda Phoenix AZ Office Bashas' Food City Phoenix AZ Supermarket/Grocery Biltmore Commerce Center Phoenix AZ Office Biltmore Financial Center I Phoenix AZ
    [Show full text]
  • Trans National Tower Leading the Way
    115 WINTHROP SQUARE RFI RESPONSE April 13, 2015 TRANS NATIONAL TOWER LEADING THE WAY April 13, 2015 Mr. Brian Golden 2 Charlesgate West Director Boston, MA 02215 Boston Redevelopment Authority 617.262.9200 Boston City Hall Square Boston, Massachusetts 02201 Dear Director Golden: On behalf of Trans National Properties ("TNP") and our development team, we respectfully submit to you the enclosed development proposal for the Trans National Tower (the "Project") in response to the Boston Redevelopment Authority's Request for Interest ("RFI") for 115 Winthrop Square (the "Property"). As you are aware, TNP's history with the site dates back to the original RFP process in 2006, concluding with a BRA vote recommending a tentative designation in 2007. Since that time TNP has invested significant time, energy, and resources to develop a viable mixed-use development program. In the Fall of 2014, in a process lead by John Fowler of Holliday Fenoglio Fowler (“HFF”) on behalf of TNP, this mixed-use proposal was vetted and deemed financially viable by both national and local co-developers and lenders. Enclosed is a letter from HFF further supporting its process and conclusions. The extensive work done over the past 9 years and, most recently, over the last 12 months, allows TNP a unique value proposition to the BRA and the City, one of certainty of execution and speed to market. In addition to highly advanced documentation for the Article 80 process, extensive due diligence regarding the site and garage, and design development and preliminary construction drawings which have been priced by Boston's most skilled and active contractors, TNP has a vetted debt and equity structure it is prepared to employ with a preferred co-development partner upon award of the Tentative Developer designation.
    [Show full text]
  • Lawyers Clearinghouse on Affordable Housing And
    2018 - 2019 LAWYERS CLEARINGHOUSE BOARD OF DIRECTORS President Emily F. Hodge, Esq. Kathleen M. Phelps, Esq. Choate Hall & Stewart Morgan Lewis & Bockius LLP Christopher H. Lindstrom, Esq. Two International Place One Federal Street Nutter McClennen & Fish LLP Boston, MA 02110 Boston, MA 02110-1726 Seaport West 617 248-4075 617 951-8481 155 Seaport Boulevard [email protected] [email protected] Boston, MA 02210 Residence: Boston Residence: Needham 617 439-2698 Term Ends: 9/2019 Term Ends: 9/2020 [email protected] Member Since: 2013 Member Since: 2008 Residence: Wayland Term Ends: 9/2019 Kurt A. James, Esq. Cindy A. Rowe, Esq. Member Since: 2013 KJP Partners LLP JALSA 175 Federal Street, Suite 1440 18 Tremont Street, Suite 320 Vice President Boston, MA 02110 Boston, MA 02108 Elizabeth Lintz, Esq. 617 409-5398 617 227-3000 Goulston & Storrs, PC [email protected] [email protected] 400 Atlantic Avenue Residence: Marblehead Residence: Brookline Boston, MA 02110-3333 Term Ends: 9/2019 Term Ends: 9/2019 617 574-6495 Member Since: 2001 Member Since: 1992 [email protected] Residence: Jamaica Plain Jessica R. Lisak, Esq. Jeffrey W. Sacks, Esq. Term Ends: 9/2018 WilmerHale Nixon Peabody LLP Member Since: 2012 60 State Street 100 Summer Street Boston, MA 02109 Boston, MA 02110 Treasurer 617 526-6003 617 345-1056 [email protected] [email protected] Kathleen McGrath, Esq. Residence: Boston Residence: Newton Liberty Mutual Group Term Ends: 9/2021 Term Ends: 9/2018 175 Berkeley Street, Member Since: 2018 Member Since: 1997 Mail Stop M-06 E-284 Boston, MA 02116 Josephine A.
    [Show full text]
  • Greenway District Planning Study Use and Development Guidelines
    Greenway District Planning Study Use and Development Guidelines City of Boston Mayor Thomas M. Menino Boston Redevelopment Authority John F. Palmieri, Director August 2010 City of Boston Mayor Thomas M. Menino Boston Redevelopment Authority One City Hall Square Boston, MA 02201 617.722.4300 www.bostonredevelopmentauthority.org John F. Palmieri, Director Brian P. Golden, Executive Director/Secretary Kairos Shen, Chief Planner Prataap Patrose, Deputy Director of Urban Design Richard McGuinness, Deputy Director for Waterfront Planning David Carlson, Senior Architect Project Managers Peter D. Gori, Senior Manager Public Realm Projects Lauren Shurtleff, Planner II Utile, Inc. Architecture + Planning 50 Summer Street Boston, MA 02110 617.423.7200 www.utiledesign.com Greenberg Consultants Inc. 20 Niagara Street Unit 603 Toronto M5V 3L8 Ontario, Canada 416.603.3777 www.greenbergconsultants.com HR&A Advisors Inc. 99 Hudson Street 3rd Floor New York, NY 10013 212.977.5597 www.hraadvisors.com Nelson/Nygaard Consulting Associates 10 High Street Suite 903 Boston, MA 02110 617.521.9404 www.nelsonnygaard.com Boston Redevelopment Authority [Letter from Mayor Menino] 1 The Boston Redevelopment Authority Greenway District Planning Study Use and Development Guidelines 2 [ This page left intentionally blank ] Boston Redevelopment Authority [Letter from John F. Palmieri] 3 The Boston Redevelopment Authority Greenway District Planning Study Use and Development Guidelines 4 [ This page left intentionally blank ] Boston Redevelopment Authority Table of Contents 01. Purpose of the Study 7 02. Study Methodology and Summary 9 Urban Design and Form Environmental Conditions Program and Use Economics 11 03. District-Wide Guidelines Ground Floor Program 5 and Streetscape Activation Environmental Principles 04.
    [Show full text]