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April 4, 2024

Boston Life Sciences Project Seeks To Raise Money On Crowdfunding Platform

Deputy Attorney General Pendleton To Keynote Boston Suburbs May 8

Building on promises to diversify its development team, a Seaport life sciences project led by Related Beal is turning to crowdfunding.

The Boston Real Estate Inclusionary Fund, which is run by prominent Black developers Richard Taylor, Darryl Settles and Kirk Sykes and is partnering on the 22 Drydock Ave. project, placed an offering on the crowdfunding site Small Change for a portion of its equity stake with a $3.75M goal.

Boston Life Sciences Project Seeks To Raise Money On Crowdfunding Platform

The 344K SF project landed a full-building pre-lease with Vertex Pharmaceuticals in May 2022. The building is the third phase at Related Beal's Innovation Square campus. BIG Equity Investors LLC co-founder Dale Burnett, whose firm is a partner in BREIF and made its own investment in the 22 Drydock project, said the…

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Alexandria Buys Allston TV Studio Site With Development Plans

Alexandria Buys Allston TV Studio Site With Development Plans

Alexandria Real Estate Equities acquired the WBZ-TV studio property in Allston that has been approved for a new mixed-use development. The country's largest life sciences REIT acquired the site at 1200 Soldiers Field Road for $7M from

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Bill To Allow MLS Stadium In Everett Reignites Waterfront Debate

Bill To Allow MLS Stadium In Everett Reignites Waterfront Debate  

A vision for a new professional soccer stadium in Everett became one step closer to reality Tuesday, with the first public hearing on state legislation that would make way for a project from The Kraft Group, owner of Major League Soccer's New England Revolution and the NFL's New England Patriots. 

The hearing was a chance for public officials and residents to voice their support and concerns about removing a 150-year-old designation on a plot of land on Everett's waterfront to allow for stadium development. And it was the first time Kraft and Revolution executives publicly discussed the proposal. 

"We welcome the opportunity to explore if it's feasible to develop what has been a rundown, unused site for a long time and turn it into an economic driver for the region," Revolution President Brian Bilello said at the hearing, held at the State House by the Joint Committee on Economic Development and Emerging Technologies. 

The proposal has reignited a debate over whether to preserve the maritime industrial use of the land, which is one of many Designated Port Areas in the state, or open the door for new economic development opportunities to a community that has historically been barred from doing so. "No one…

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With Federal Office Buildings 'Mostly Empty,' Pressure Grows To Cut Space Faster

With Federal Office Buildings 'Mostly Empty,' Pressure Grows To Cut Space Faster  

While the effects of the pandemic on private sector office usage have become increasingly clear, the future of the federal footprint is still largely up in the air. The fate of these millions of square feet of offices is an unanswered question worth billions of taxpayer dollars.

Federal government agencies are using just 12% of the space in their headquarters buildings on average, a  report last month from the Public Buildings Reform Board found, the latest in a growing body of evidence that the federal government is sitting on a mountain of unused office space.  “It shows that…

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