Thursday, June 23, 2011

All of a Sudden, Boston is Booming!

Boston is getting a lot of interest from developers. Fan Pier had the big ground breaking for Vertex yesterday, Copley Place tower is under community review and now a proposal for the Government Center Garage. All of this speaks to the strength of Boston's local economy.
Projects at Fan Pier and the Government Center Garage signal the floodgates may be opening for major developments that will dramatically change the city’s landscape, transforming empty lots and eyesores into office towers and luxury apartments.
“These projects are a sign that the city’s economy is strong and it sends a positive message to investors who are considering coming to Boston,” Mayor Thomas M. Menino told the Herald. “We have a city that continues to grow, and people see the potential for development.”
On the same day that the Fallon Co. broke ground at Fan Pier on two office towers totaling 1.1 million square feet, the Government Center Garage redevelopment project was revived after a two-year delay. Hym Investment Group LLC told the Boston Redevelopment Authority that it will seek approval for a 2.4-million-square-foot mixed-use project at the garage near the Rose Fitzgerald Kennedy Greenway.Read more

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