Recent content by stellarfun

Update (April 23, 2024) with very positive news. Unfortunately, the article does not indicate whether there will be more testing of the magnet, or whether Commonwealth Fusion now proceeds to building the full device...

This appears to be a refinancing of the property by Silverstein and Rialto. This loan is not for construction financing. https://commercialobserver.com/2024/04/tpg-real-estate-credit-provides-104m-acquisition-loan-boston-parking-garage/

Globe article from April 5, on Boston's reliance on private developers to fund projects that provide resilience against near-term sea level rise. https://www.bostonglobe.com/2024/04/05/science/boston-sea-level-rise-real-estate-development-slowdown/?p1=BGSearch_Overlay_Results

From BFD: Companies working at a fire of construction materials on the outside deck of the 9th floor of a building under construction at 700 Atlantic Ave. No injuries to report. The cause of the fire is still under investigation.

Constellation signed an agreement in February to keep the natural gas facility open for another six years. https://www.bostonglobe.com/2024/02/09/business/everett-lng-terminal-will-stay-open-under-deal-with-national-grid/ As for AI related demand for electrical power...

When Encore/Wynn purchased the 45 acres (the potential stadium site) from Constellation, the Eversource switching station along Alford St. was to remain. (There may be an easement providing for such.) The switching station facility seems to run northward along Alford St. all the way to where...

Renders from the Kraft Group and published in the Globe. Quote from the Globe Underwhelming.

Re: second image from the bottom. From Jan 2012. The two constants are the Dunkin and power lines.

I think it is a safe presumption that there is a contract. The timetable suggests that construction would begin by the end of CY 2025, to allow for a 2028 occupancy of the redeveloped building. The state has said that it will take up to two years to empty the Hurley building, with most(?)...

The Commonwealth will be leasing the same amount of space state agencies occupied in the Hurley building, pre-development. Development timeline Source: https://www.mass.gov/info-details/charles-f-hurley-building-redevelopment

On January 30th, Vertex announced it would seek FDA approval of a new pain-killing drug. The drug is characterized as a blockbuster. From the NY Times

Having been awarded a contract to develop the site, the various firms that comprise the Leggat team have been spending good money on designs, studies, investigations etc. So I think they would have recourse to recouping that spending from the state if their developer designation is now...

For reference:

These renderings were prepared for the development team of Quaker Lane Capital, and the Davis Companies, in response to the RFP issued by the Commonwealth. Not to rain on the parade of comments, Leggat McCall Properties was selected by the Commonwealth in August 2022 to re-develop the Hurley...

274 units 55 parking spaces 250 interior bicycle spaces 12,000 sq ft of retail. Down a bit probably because they moved the building footprint away from N. Harvard St.