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$70 Million Makeover Announced for Boston’s TD Garden18 Apr 2014, 2:36 pm
By Veronica Grecu, Associate Editor
Now that the Boston Celtics wrapped the 2013-2014 season with a 118-102 loss to the Washington Wizards at TD Garden and the Boston Bruins have only a few more games to play before concluding their 90thseason for the National Hockey League, their home TD Garden is set to undergo a comprehensive, fan experience-oriented facelift over the next two years.
Delaware North Companies, which owns and operates the multi-purpose arena, announced that the $70 million privately financed renovation will begin this summer.
“The Jacobs family is committed to providing the people of Boston with an arena that sets the industry standard,” Charlie Jacobs, principal Delaware North Companies and Boston Bruins, said in a press statement. “With the TD Garden being nearly 20 years old, we recognize that these renovations are necessary and we are confident that they will transform the fan experience from the moment a patron enters the building.”
The multimillion makeover calls for redesigned loge and concourses and renovated gathering areas, a new ProShop, a completely renovated Legends Club restaurant, as well as upgraded technology infrastructure. According to TD Garden’s owner, the loge concourse is slated for this June, while construction at the balcony concourse is set to begin next summer.
The ProShop, TD Garden’s store that sells Celtics and Bruins memorabilia, will be relocated from the North Station concourse to the building’s second floor turnstile area so that fans will have easier access from the arena’s new entryway before, during and after games. According to the Boston Globe, the redesigned ProShop will more than double its size reaching well over 6,000 square feet and will operate in a “Powered by Reebok/Adidas” three-year partnership with the Bruins and Celtics.
Legends Club, the largest private hospitality space at TD Garden, will undergo a complex renovation as well, but further details will be revealed in the following months.
Designed by Ellerbe Becket Architecture of Kansas City to replace the outdated Boston Garden, the 755,000-square-foot arena sits at 100 Legends Way. During the planning and construction phases the venue was known as the Shawmut Center, but eventually it was named after its sponsor, TD Bank, a subsidiary of the Canada-based Toronto-Dominion Bank.
Rendering of the renovated TD Garden ProShop area courtesy of Delaware North Companies
Colliers Retained as Exclusive Leasing Agent for 156,000 Sq.Ft. Office Building in Quincy14 Apr 2014, 3:18 pm
By Veronica Grecu, Associate Editor
Marina Bay Management Services, LLC has retained Colliers International to serve as the exclusive leasing agent for a premier office property in suburban Boston.
The four-story building is located at 500 Victory Road in Marina Bay in North Quincy, less than 10 miles south of Boston. The 156,000-square-foot property, which was built in 1987 according to data from PropertyShark.com, offers the combined benefits of a live-work-play environment and spectacular views thanks to its attractive setting in a growing neighborhood and its proximity to New England’s premier marina facility.
“Over the past several years, Marina Bay has developed and transformed into a first-class destination,” said Tom O’Connell of Marina Bay Management Services. “It offers city proximity, skyline views, and a lively atmosphere, all with value and conveniences of a suburban setting.”
For more than six years, 500 Victory Road has been occupied by media and information giant Thompson Reuters. Starting January 1, 2015, when the company’s lease agreement is set to expire, the building will offer 69,000 square feet of office space along with other amenities such a full-service cafeteria, fitness center, day care center and hair salon.
Over the past decades Quincy has become one of Boston’s top performing office submarkets. As previously reported in a Boston Business Journal special outlook, this was possible thanks to a wave of financial service and insurance companies that chose to relocate back-office functions to the suburbs. Colliers points out that the Quincy office market, which comprises 5.4 million square feet of office space, posts a vacancy rate of 13.5%, compared to the overall Route 128 South office submarket that reaches 18.4%.
The Colliers team representing Marina Bay Management Services includes Colliers Vice President David Goodhue, Executive Vice President James Elcock, Vice President Caleb Hudak, Assistant Vice President Timothy Lahey and Associate PJ Foster.
Image via Colliers International
Developers Break Ground on $185 Million Residential and Retail Project in Boston’s South End8 Apr 2014, 2:12 pm
By Veronica Grecu, Associate Editor
A joint venture between Morristown, NJ-based Normandy Real Estate Partners and Gerding Edlen of Portland, OR, officially broke ground on the newest residential community in Boston’s booming South End neighborhood.
Troy Boston is better known as 275 Albany Street, a project that suffered several changes since the initial proposal. According to Curbed Boston’s archives from 2012, the original 275 Albany Street plans called for a two-building hotel with 408 guest rooms on the 10-block lot on the northeastern corner of South End, but the joint venture was forced to redesign everything because of National Development’s highly anticipated Ink Block building that was underway at the corner of Herald Street and Harrison Avenue. Consequently, the revised project included an apartment building with 220 units and a standalone hotel facility with 325 rooms.
Troy Boston is the final version of the Normandy/Gerding partnership and is estimated to cost $185 million. Described as a sustainable “smart growth development” and expected to obtain a LEED Gold certification, this state-of-the-art mixed-use development will revitalize a key corridor in South End and reconnect the neighborhood with Chinatown, the Theater District and South Boston. As unveiled in an official statement from the developers, the mixed-use project will be built on a 1.27-acre site between Traveler and Berkeley Streets that used to be part of the original rail system from the Boston and Albany Railroad.
The plans designed by ADD Inc. architects include two residential towers totaling a mix of 340 market rate apartments and 38 affordable units, while the 6,000 square feet of ground-floor retail space will accommodate restaurants, cafes and boutique stores that are expected to create a new vibrant community for residents and visitors alike. The new development will also feature a surface parking garage for 180 cars and premier amenities including a fitness center, pool deck, and common space lounges. According to the developers, construction at Troy Boston is slated for completion in early 2015.
Renderings courtesy of Gerding Edlen & Normandy Partners
DoReMi Karaoke Studio in Allston to be Replaced by Apartments31 Mar 2014, 7:06 pm
By Veronica Grecu, Associate editor
The owners of the popular DoReMi Karaoke Studio located at 442 Cambridge Street in Allston plan to tear down the longstanding venue to make room for a small mixed-use building.
According to plans recently filed with the Boston Redevelopment Authority (BRA), The Arcand Family/Allston LLC wants to replace the 17-year-old karaoke studio and an adjacent small house currently serving as an office with a 50,000-square-foot building that would reconfigure the existing lot lines of 442 Cambridge Street, 450 Cambridge Street and the abutting 7-9 Craftsman Street. The developer will keep the two-story mixed-use building with four residential units at 7-9 Craftsman and an existing surface parking lot at 450 Cambridge that provides parking for 17 cars.
If approved by the BRA, 450 Cambridge Street will offer 40 rental apartments (including five affordable units and two handicapped accessible units), a fitness center, a small management office and 1630 square feet of ground floor retail space. The plans also call for an underground parking garage with access off Cambridge Street big enough for 40 vehicles and 40 bike racks to accommodate the parking demand generated by the new residential units. In addition, the space between the proposed residential development and the existing two-story building will be filled with a new green space with bench seating for the residents.
The development team behind the $7 million project consists of Neshamkin French Architects, Howard/Stein-Hudson Associates, Inc. as traffic consultants and T.F. Moran, Inc. Structural Engineers.
Rendering credits: Neshamkin French Architects via BRA
Boston Selected to Receive Support for New Protected Bike Lanes16 Mar 2014, 4:40 pm
By Veronica Grecu, Associate Editor
One of the largest non-profits that supports and encourages bicycling in the country announced it has chosen Boston and five other major cities to enter a two-year program to build protected bike lanes in city streets.
After several appearances as one of the worst cities for cycling in the country, Boston worked its way up to an honorable 26th place in America’s Most Bicycle-Friendly Cities list that was published last month by Bicycling Magazine. With former Olympic cyclist Nicole Freedman running the “Boston Bikes” initiative since 2007, the city has its own bike sharing program that now provides more than 1,100 bikes at 130 stations throughout Boston, Brookline, Cambridge and Sommerville. The program is called Hubway and was launched in July 2011 with 600 bicycles and 60 stations in Boston.
According to an official statement issued by the Mayor’s Office, Boston—along with Atlanta, Denver, Indianapolis, Pittsburgh and Seattle—was picked from a list of more than 100 U.S. cities that applied for this year’s Green Lane Project. An initiative run by The PeopleForBikes non-profit organization, the six-city collaboration project is now entering its third year with 142 bike lanes nationwide, almost double the number of cycle tracks it started with back in 2012.
“Boston has ambitious goals and a strong vision supported by the elected officials and the community. They are poised to get projects on the ground quickly and will serve as an excellent example for other interested cities,” said Martha Roskowski, PeopleForBikes Vice President of Local Innovation.
Under the Green Lane Project, Boston will receive financial, strategic and technical assistance to create new separate cycle tracks, which will protect cyclists from vehicles and make bicycling an appealing option for more people. The city’s new bike lanes will be separated from traffic by curbs, planters, parked cars or posts in order to reduce pedestrian, bike and auto injuries.
The six-city collaboration Green Lane Project will kick off with a press conference in Indianapolis in late April.
Image via the Boston Cyclists Union