A development group led by Related Beal completed its financing for development of a Vertex Pharmaceutical-leased research center that’s ramping up construction in South Boston’s Raymond L. Flynn Marine Park.
Developer Related Beal received approval to move forward with projects on city-owned properties in South Boston and Roxbury that could include more than 400 housing units and nearly 320,000 square feet of lab space.
Two development teams are seeking to build hundreds of apartments and condominiums in a neighborhood where a history of redlining created barriers to wealth-building through real estate ownership.
Two teams of active local developers have responded to the city of Boston’s offer of 4.4 acres in Roxbury for housing development.
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Hanover bank Rockland Trust Co. donated $150,000 through its charitable foundation to Brockton Hospital. The money will help modernize its emergency room to include a behavioral health section. See who else gave back.
A boutique Beacon Hill hotel that underwent a series of upgrades under Related Beal’s ownership sold for $57 million to a private equity investor.
Developers would find a clear pathway to build higher-density projects lining the upper deck of Interstate 93 at Boston’s northern gateway under a rezoning plan nearing the finish line.
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
The largest community benefits agreement to support arts and culture in Boston history is the price that a lab developer will pay to replace Brighton’s Sound Museum with a life science campus.
As the life science market retreats in a challenging financing climate, Related Beal is making a long-term bet on an expanding lab cluster in South Boston.
An affiliate of Related Beal hopes to add more lab space to a second biotech cluster in South Boston anchored by the redevelopment of the L Street Power Plant property.
The Boston Planning and Development Agency approved seven projects that will create 485 housing units, including a three-building redevelopment of Benjamin Franklin Institute of Technology Campus in South End and an affordable housing tower in Chinatown.
Labs and Boston’s traditional marine industrial economy have increasingly operated side-by-side in the Seaport District in recent years. The next area’s major development project would combine them under one roof.
Related Beal’s newly-approved 1.1 million-square-foot Channelside project addresses critiques of past Seaport District developments, setting aside space for affordable artist housing and studios, a 900-seat waterfront amphitheater and publicly-deeded park space.
A former seafood processing plant in South Boston will become the one of the first demonstration projects for Mayor Michelle Wu’s push to slash fossil fuel use in new developments.
A 1.1 million-square-foot Fort Point development will include more affordable housing and artist-dedicated units under pressure from neighborhood groups and Boston’s arts chief.
With many Boston cultural venues threatened by redevelopment, community and cultural advocates say a 1.1 million-square-foot Related Beal development must do more to bring the arts into the development. And City Hall is listening.
Life science landlords continue to enjoy the upper hand in Greater Boston as the vacancy rate for the nearly 35 million-square-foot lab market remains below 3 percent, according to Colliers International research.
Vertex Pharmaceuticals will occupy a new life science building at 22 Drydock Ave. in South Boston, bringing its commercial footprint in the neighborhood to over 1.9 million square feet.
