Developers Signaling Continued Boom With Office Space Swap?
Two of the city's biggest developers recently changed proposals to reduce office space in favor of more residential space. Why that might be good for Boston.
Boston developers are hot for housing and cool on office space lately—and that could be a good thing for the city. The Abbey Group recently announced a sharp change to its $150 million mixed-use project in Fenway. The original plans, approved by the Boston Redevelopment Authority in November, called for about 100,000 square feet of office space. But the developer decided to scrap all of it to increase the building’s residential count from 210 apartments to 322 units of apartments and condominiums. That announcement follows a similar change in plans from Millennium Partners. The team behind the proposed tower at the former Filene’s site in Downtown Crossing submitted revised plans this summer that slashed proposed office space from 469,000 …
Marianne Faithfull
7:28 pm on Friday, August 10, 2012
^^^^^What he said! more ›