Tag: Redevelopment
Citizens Bank Finances Life Sciences Building
Providence, RI – Citizens Bank announced that the Citizens Commercial Real Estate Finance team is leading a $150 million construction loan for Bulfinch, a Boston based commercial real estate and investment firm, to build a new 270,000sf lab building and 383 space standalone garage at Cambridge Discovery Park, a 27-acre master-planned redevelopment located in West […]
Orient Heights Phase 2 Underway
Easton, MA – Construction is underway for the second phase of the redevelopment of the Orient Heights public housing community in Easton. MassHousing is supporting the project by providing $26 million in financing to Trinity Financial, Inc. and the East Boston Community Development Corporation, the team redeveloping the site with the Boston Housing Authority. MassHousing supported the first phase […]
BPDA Approves Development Projects
Boston – The Boston Planning & Development Agency (BPDA) Board of Directors has approved development projects in East Boston and Allston that will create 60 residential units. The 44 North Beacon Street project in the Allston neighborhood proposes the construction of a new five-story building with 30 residential rental units and one commercial/office space. As currently […]
Site Readiness Program Opens
Boston – The Baker-Polito Administration announced the opening of a $2.5 million funding round for the Site Readiness Program, that provides grants to municipalities and other entities for purposes including strategic land acquisition, feasibility studies, master planning, environmental permitting and site improvements. Through its first two rounds of grants, the Site Readiness Program has awarded $3.4 million […]
Chocolate Factory Redevelopment in Mansfield Announced
Boston, MA – Citizens Bank announced that its Community Development Group has provided a $32.5 million construction loan to MCFA Chocolate Factory LP, whose sponsor is Red Leaf Development LLC, for the substantial renovation of a closed historic factory located in Mansfield. The project will include 130 units of multi-family housing, including 19 affordable units and […]
Hurley Joins Cheshire Firm
Cheshire, CT – Milone & MacBroom, Inc. recently announced the addition of David F. Hurley, LEP, PG, as Director of Brownfield Redevelopment to its company’s headquarters in Cheshire. He will use his over 30 years of environmental project experience to assist private developers, state and regional agencies, and municipal clients in the redevelopment of abandoned […]
Atlanta’s Downtown to Be Redeveloped
Atalanta, GA – WRS, Inc. revealed new renderings of its four-block downtown redevelopment, specifically, the area located at the southwest corner of Central and Alabama known as Kenny’s Alley/Underground Atlanta mall. Featuring more than 150,000sf of retail, office, and communal areas, construction on Block 3 began in January, four months ahead of schedule, and will be […]
MBC Hosts Tom O’Brien, HYM’s Suffolk Downs Redevelopment
Boston – Thomas N. O’Brien, founding partner, managing director of The HYM Investment Group, LLC, was the guest speaker at the Massachusetts Building Congress (MBC) January breakfast meeting. The HYM Investment Group recently announced that it completed the purchase of Suffolk Downs, a 161-acre property in both East Boston and Revere. O’Brien shared plans for […]
One Post Office Square to Undergo Transformational Redevelopment
Boston – Anchor Line Partners and Jones Lang LaSalle (JLL) announced evolutionary plans for One Post Office Square in Boston. The 41-story iconic downtown building, across from Norman B. Leventhal Park and adjacent to the Langham Hotel, will undergo a transformation unprecedented in the Boston real estate market to deliver a vibrant and connected center […]
$1 Billion Union Square Redevelopment Moves Forward
Somerville, MA -The Somerville Planning Board yesterday voted unanimously to support Union Square Station Associates’ (US2) Coordinated Development Plan (CDP), a plan that will propel Union Square into the future as an economic engine for the City. In another crucial step, the Board of Aldermen also voted to approve District Improvement Financing (DIF) for Union […]
