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September 28, 2023

12 Mass. Communities Face Looming Deadline For MBTA Multifamily Plans. Here’s Where They All Stand

Life Sciences Development & Leasing: Hear From Foundation Medicine, Ginkgo Bioworks, The Davis Cos. Oct. 19

One of the most ambitious housing laws in Massachusetts history is approaching a major deadline, with the first round of communities required to submit zoning plans that will allow tens of thousands of new multifamily units to be developed in Greater Boston’s inner core.

The 12 cities and towns classified as rapid transit communities in the MBTA Communities law, meaning they have at least one subway or trolley stop, must submit draft zoning guidelines to the state by Dec. 31. According to a Bisnow analysis, these communities are in various stages of completion: Some are right on the cusp of full compliance, others are struggling to put forth a plan due to hurdles presented by the state guidelines, and one is pushing back because it doesn’t think it should be part of this group. 

12 Mass. Communities Face Looming Deadline For MBTA Multifamily Plans. Here’s Where They All Stand

The law was enacted by former Gov. Charlie Baker in 2021 as a way to uniformly push towns and cities to allow more multifamily housing around their transit stops. Under the law, communities must create at least one zoning district of “reasonable size” that allows…

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How Boston Developers, Brokers Are Handling The Office Market’s ‘Paradigm Shift’

The Boston office market has changed dramatically in the last three years, with developers and brokers being forced to shift the way they do business.

While new office towers like One Congress and Winthrop Center have come on the market and attracted tenants, landlords with older buildings are struggling to find new ways to lease up space and have had to get creative. And as construction costs continue to rise, some developers are having a hard time building more of the new product that office users want. 

Leasing strategies have also changed, as tenants are taking smaller spaces and are looking for best-in-class offices with newer amenities, driving competition among owners, some of Boston's most prominent landlords and brokers said Tuesday at Bisnow’s Boston Office: Navigating the Changing Landscape event at Rowes Wharf.

How Boston Developers, Brokers Are Handling The Office Market’s ‘Paradigm Shift’

“There has never been a time in my 37 years doing this where you just have to be excellent. You can't not be excellent [in today's market]," said John Boyle, executive vice president at Cushman & Wakefield.Boyle said that demand in the market…

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Developer Sells Cambridge Apartment Building For $182M

Developer Sells Cambridge Apartment Building For $182M

Texas-based developer The Hanover Co. sold its second multifamily project in Alewife that was part of a major investment in the Cambridge neighborhood.An entity linked to Goldman Sachs paid $182M to acquire the 294-unit Hanover North Cambridge building at 50 Cambridgepark Drive, according to documents filed Wednesday in state…

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Dallas, D.C. And Cambridge Land ARPA-H Hubs

Three cities have been tapped for coveted ARPA-H hubs, elevating their stature in the life sciences world.

After months of campaigning by major cities, universities and economic development leaders for the $2.5B agency to establish one of three headquarters in their communities, the Advanced Research Projects Agency for Health has chosen Cambridge, Massachusetts, Washington, D.C., and Dallas as hub locations.

Dallas, D.C. And Cambridge Land ARPA-H Hubs

ARPA-H's administrative operations will be based in the D.C. region, near its parent agency, the Department of Health and Human Services. The Cambridge operation will function as an investor catalyst hub to be run by Hadley, Massachusetts-based nonprofit VentureWell, while the agency chose Dallas' 

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