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New Boston Warehouse Goes Green; Older One Headed for Multi-Family Makeover

New Boston Warehouse Goes Green; Older One Headed for Multi-Family Makeover

By Veronica Grecu, Associate Editor F.W. Webb Co., a plumbing and heating distributor, has opened the city’s first environmentally friendly warehouse. Located at 307 Dorchester Avenue in South Boston, the two-story state-of-the-art facility was designed as a distribution center and showroom. [...]…

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Condo Prices Rise Statewide as Volume Slips: Warren Group

Condo Prices Rise Statewide as Volume Slips: Warren Group

By Veronica Grecu, Associate Editor Condominium sales in the Bay State demonstrated the classic “good news, bad news” syndrome last month. First, the bad news: the total number of units sold in Massachusetts slipped 2.6 percent year-over-year compared to Sept. 2010, [...]…

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Kensington Breaks Ground on $172M Apartment Tower; High-End Home Sales Up 13%

Kensington Breaks Ground on $172M Apartment Tower; High-End Home Sales Up 13%

By Veronica Grecu, Associate Editor Over six months after receiving the green light from city officials, construction on a new residential building finally began last week at the corner of Washington and LaGrange streets, reports the The Boston Herald.  The $172 [...]…

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Google Joins Backers of $152M Charlesview Relocation

Google Joins Backers of $152M Charlesview Relocation

By Veronica Grecu, Associate Editor Ever wondered about the link between internet technology and affordable housing? At the moment, the answer is “Google Inc.” The Mountain View, Calif.-based giant has decided to invest $28 million in an innovative $152 milliion affordable housing project in Allston., [...]…

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Historic Mill Site Gets Multi-Family Makeover in Melrose

Historic Mill Site Gets Multi-Family Makeover in Melrose

By Veronica Grecu, Associate Editor The transformation of an historic mill building into an apartment complex is under way in Melrose, Mass. Wood Partners is redeveloping the 129-year-old Boston Rubber Shoe Co. factory site into a 300-unit multi-family property. As the Boston Globe [...]…

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HBS Adds $100M Dorm; Maverick Square Revival Keeps Rolling

HBS Adds $100M Dorm; Maverick Square Revival Keeps Rolling

By Veronica Grecu, Associate Editor Harvard University has received approval from the Boston Redevelopment Authority to build a seven-story dormitory in Allston for Harvard Business School’s executive education program. As reported by the Boston Globe, in the fall of 2010 the [...]…

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$250M Mixed-Use Project Proposed Near Fenway Park

$250M Mixed-Use Project Proposed Near Fenway Park

By Veronica Grecu, Associate Editor   A $250 million plan to help revitalize a rundown area near Fenway Park between Boylston and Van Ness streets has been submitted to the Boston Redevelopment Authority by local developer Steve Samuels. If approved by the [...]…

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$2B Plan Detailed For Convention Center Expansion

$2B Plan Detailed For Convention Center Expansion

By Veronica Grecu, Associate Editor   A $2 billion proposal to expand the Boston Convention & Exhibition Center aims to reinvigorate both the facility and the parking lots and the industrial parcels that flank the convention center in South Boston. The convention center itself [...]…

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Boston Housing Market Among Nation’s Strongest Despite Summer Foreclosure Bump

Boston Housing Market Among Nation’s Strongest Despite Summer Foreclosure Bump

By Veronica Grecu, Associate Editor   The summer brought both good news and bad news for the Massachusetts housing market. First, the bad news: foreclosure petitions in the state rose for the second consecutive month in July, the Warren Group, a Boston-based [...]…

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Mixed-Use Project Proposed for Jamaica Plain; Cambridge Lab Vacancy Inches Up

Mixed-Use Project Proposed for Jamaica Plain; Cambridge Lab Vacancy Inches Up

By Veronica Grecu, Associate Editor A joint venture of SSG Developments and New Boston Ventures intends to build a 208,000-square-foot complex that would be located on a 3.4-acre site between a residential neighborhood and an industrial area in Jamaica Plain, the [...]…

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Boston’s New Residential Developments Beat Recession

Boston’s New Residential Developments Beat Recession

By Veronica Grecu, Associate Editor The open-air parking lot located at 45 Stuart St. near the Chinatown and Theater District neighborhoods could be replaced by a residential complex. Last week, AvalonBay Communities Inc. submitted a large-scale development plan to the Boston [...]…

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Demand Drives Boston Apartment Rents to a New Peak

Demand Drives Boston Apartment Rents to a New Peak

By Veronica Grecu, Associate Editor  Vacancy in the Boston multi-family market has hit its lowest level in almost a decade, pushing rental rates upward to a record $1,665 per month. Reis Inc., recently revealed that Boston-area ranks fifth on the list [...]…

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