Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
November 10, 2022

Everett's Development Wave Hasn't Hit Its Riverfront — At Least Not Yet

Hear Lesley Lisser From Invesco Discuss The Potential Of Multifamily Development In Fenway Dec. 7

Everett, once an industrial hub in Greater Boston, is seeing an economic revival in its downtown area, but the large-scale developments planned along its waterfront have faced a series of setbacks this year. 

In the Commercial Triangle, a 93-acre downtown district that Everett rezoned for mixed-use development, a string of major projects has moved forward from Greystar and other real estate firms that is adding hundreds of new multifamily units and retail.

City leaders say this surge of development is turning the once-quiet industrial area into a thriving commercial district, but a similar resurgence along the city’s waterfront could take many more years to materialize. 

"When people see this critical mass of people moving into the city of Everett, they're going to see that a lot more development is needed," Everett Planning & Development Department Director Matt Lattanzi said.

Everett's Development Wave Hasn't Hit Its Riverfront — At Least Not Yet

While Everett’s waterfront area welcomed the Encore Boston Harbor in 2019 and the casino has recorded strong revenue growth, the remaining major development sites along the river still sit vacant, without any cranes in the sky.Big-name companies like The Davis Cos. and 

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

Inflation Report Fuels Optimism On Fed's Next Move Inflation Report Fuels Optimism On Fed's Next Move
'Demand Didn't Come Back As Swiftly As We Thought': WeWork Closing 40 Locations 'Demand Didn't Come Back As Swiftly As We Thought': WeWork Closing 40 Locations
Target To Build Bigger Stores To Double Down On Same-Day Deliveries Target To Build Bigger Stores To Double Down On Same-Day Deliveries
RealPage, Apartment Giants Facing New Lawsuit Alleging Collusion In Student Housing Rent Pricing RealPage, Apartment Giants Facing New Lawsuit Alleging Collusion In Student Housing Rent Pricing
Perforation

Developer Of Burlington Lab Conversion Sells Building To MetLife For $103M

Developer Of Burlington Lab Conversion Sells Building To MetLife For $103M  

MetLife Investment Management has paid $103M for a Burlington lab building that was converted from offices and fully leased within the last three years.  The New Jersey-based investment giant acquired Burlington BioCenter from a joint venture of The Gutierrez Co. and GEM Realty Capital, Newmark…

Read Full Story

  Share:  
Perforation

Boston-Based Industrial REIT Opens Atlanta Office

Boston-Based Industrial REIT Opens Atlanta Office  

Atlanta's crowded, active industrial market is getting another new entrant. Boston-based Plymouth Industrial REIT has established a Metro Atlanta office and has started construction on two new warehouses in Georgia, Plymouth CEO Jeff Witherell said on his firm's Nov. 3 earnings call. Witherell didn't…

Read Full Story

  Share:  
Perforation

In Case You Missed It...

Newton-Based Firm Acquires 2 Boston-Area Hotel Properties For $26M Newton-Based Firm Acquires 2 Boston-Area Hotel Properties For $26M
This Week's Boston Deal Sheet This Week's Boston Deal Sheet
Universities Feeling Pressure From Cities, Students To Develop More Housing Universities Feeling Pressure From Cities, Students To Develop More Housing
CBRE Hires Former Retail Exec Back After 7 Years At JLL CBRE Hires Former Retail Exec Back After 7 Years At JLL
National Retailers Want In On Boston's Shopping Districts, Driving Up Rents National Retailers Want In On Boston's Shopping Districts, Driving Up Rents
 
Perforation

Razor-Thin Margin In Congress Raises Real Estate Hopes For Lower Inflation, Bipartisanship

Razor-Thin Margin In Congress Raises Real Estate Hopes For Lower Inflation, Bipartisanship  

More than 24 hours after the polls closed on Election Day 2022, it is still unclear which party will control both houses of Congress, but it is clear that neither Republicans nor Democrats can claim to have won the broad mandate of the American electorate.

While Republicans are favored to win a narrow majority in the House of Representatives and the Senate could take until December to decide, the slim margins could slow down federal spending, potentially helping combat inflation — or open the door to bipartisanship on critical issues like the housing crisis, real estate and political insiders told Bisnow.

“It’s not looking like quite the red wave that we anticipated. We could still see a Republican House majority or a Republican Senate majority too, but it really will be a narrow margin,” Liz Osborn, vice president of public policy advocacy at Enterprise Community Partners,…

Read Full Story

  Share:  
 
 
BISNOW
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 62393