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February 22, 2022

As Boston's Suburban Housing Shortage Worsens, Developers Decry 'Absolutely Absurd' Approval Processes

The Davis Cos. & Greentown Labs weigh in on the technological innovations improving building performance April 7

In Wilmington, a suburb about 15 miles northwest of Boston, The Procopio Cos. has been working to build the small town's first two multifamily developments in a decade. 

The projects aren't huge: they total less than 100 units in three-story buildings. But the process to get them approved was long and arduous, highlighting the difficulties greater Boston will face as it looks to address its housing shortage. 

"To give you a scale of how challenging it is to permit anything, both of them took three and a half years to permit, and they're tiny projects," Procopio Cos. CEO Michael Procopio said. "It's absolutely absurd trying to get stuff done out there."

As Boston's Suburban Housing Shortage Worsens, Developers Decry 'Absolutely Absurd' Approval Processes

Procopio, speaking last week at Bisnow's Booming Boston Suburbs event in Needham, was one of several developers who spoke about the painful, arduous process of building multifamily in the cities and towns outside Boston.Many communities that haven't experienced much recent multifamily development don't have clearly…

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Ivanhoé Cambridge, Lendlease Putting $500M Of Equity Into New Life Sciences Venture

Ivanhoé Cambridge, Lendlease Putting $500M Of Equity Into New Life Sciences Venture

Ivanhoé Cambridge and Lendlease have partnered to develop lab, office and manufacturing spaces in life sciences clusters in the United States. The partners will make an initial equity investment of $500M but say that they might later add to the…

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Weekend Interview: Cambridge Innovation Center COO Melissa Ablett-Jordaan

This series gets into the heads of the decision-makers of CRE, the people shaping the industry by setting investment strategy, workplace design, diversity initiatives and more.

As an operator of "innovation campuses" full of coworking, private offices and lab space, Cambridge Innovation Center was faced with a daunting challenge in 2020 as the pandemic pushed people away from in-person work and into their homes.

CIC Chief Operating Officer Melissa Ablett-Jordaan said the pandemic forced the company to quickly adjust its product to meet the changing needs of users. Part of its adjustment was the August 2020 launch of CIC Health, a new branch of the company that set up and operated at least 180 Covid-19 testing sites, mostly in New England. 

"We talked about CIC’s offering in one way before Covid-19, and now are learning about all the new ways that coworking, shared office and lab space, that’s high-service and community-focused, can support the new styles of work emerging for all different sizes of businesses," Ablett-Jordaan said. 

Ablett-Jordaan was promoted in January to the C-suite role at CIC after previously serving as head of its European and Asian centers. She also previously launched CIC's first international location in 2015 in the Netherlands port city of Rotterdam.

Founded in 1999 in Cambridge, Massachusetts, CIC now operates 1M SF of coworking, office and lab space across the world. 

Weekend Interview: Cambridge Innovation Center COO Melissa Ablett-Jordaan

With locations in Boston, Cambridge, Miami, Philadelphia, Providence, Rotterdam, St. Louis, Warsaw and Tokyo, CIC's campuses cater to growing startup companies. The startup scene has exploded in Boston and around the world in recent years, with tens of billions of dollars in venture capital investment helping startups grow to become major occupiers of…

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Can You Negotiate The Future Of Work Without Breaking The Office Market? A Bisnow Choose Your Own Adventure

The future of work. It’s a point of deep uncertainty, and for office owners, it can feel like they are grasping in the dark.

Office owners are having to make decisions now, decisions that might affect the future of their businesses for years to come, boost profitability or put them out of business — all with very little information about how people will choose to work in future and how they will use office real estate. The much-vaunted “return to the office” has been delayed multiple times by new variants of the coronavirus and the reality is that the world is still in the very early stages of a multi-year process of experimenting on how we will work in the months and years to come. 

The number of outcomes is almost endless. With that in mind, Bisnow has created a “choose your own adventure” to help you map out how the world of work might evolve.

See the scenario and map out your office journey here.

 
 
 
 
       
 
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