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  1. Johnnyrocket891

    Winthrop Center | 115 Winthrop Square | Financial District

    Just saw this advertised on Loopnet. https://www.loopnet.com/Listing/115-Federal-St-Boston-MA/14770582/ If I was the financier or an investor of this building I would be worried that the developer is advertising for anchor tenant on loopnet . It would be one thing for small sf-footage but...
  2. Johnnyrocket891

    Encore Boston Harbor Casino | 1 Broadway | Everett

    sounds like a blast hanging out on the escalators. Hopefully the casino can generate revenue for escalator riding. Just curious how do you know if the people were regular Everett local people if everybody was social distancing?
  3. Johnnyrocket891

    Encore Boston Harbor Casino | 1 Broadway | Everett

    I'm not sure about Encore making this. The bond holders are going to have to take a hit. 40Million unemployed (society is in survival mode besides the rich) The majority of rich people really don't waste their time gambling. There is a change in the mindset of American Humanity going on...
  4. Johnnyrocket891

    Boston Globe

    Anybody read today's Business section. https://www.bostonglobe.com/2020/07/29/business/mass-eviction-ban-heads-court-its-attracting-attention-nationwide/ So you don't have to pay rent anymore in the major cities? :D
  5. Johnnyrocket891

    Winthrop Center | 115 Winthrop Square | Financial District

    I believe MP has alot of Govt & state options to make this work. #1 PPP loan #2 billion dollar 0% interest rate loan from the Govt (hopefully the rates could go negative) #3 100 year tax abatement . #4 Section 8 The building (Guarantee rents at market rates) That would most likely make...
  6. Johnnyrocket891

    Winthrop Center | 115 Winthrop Square | Financial District

    Then wouldn't that mean they might have overpaid for the parking garage?
  7. Johnnyrocket891

    Winthrop Center | 115 Winthrop Square | Financial District

    Could somebody please explain in economic terms why Winthrop Building cannot be built especially if Mass has a housing shortage? Why not convert the entire tower into housing. Forget commercial. There is a demand for affordability. Why is this not being a address in Boston?
  8. Johnnyrocket891

    Winthrop Center | 115 Winthrop Square | Financial District

    What is the difference between the FED buying the junk bond markets vs allowing the state to buy a skyscraper to help the housing crisis in Mass. Maybe the FED can allow the states a 0- Interest rate loan? Can MP convert all the commercial sq footage to 100% residential since they have no...
  9. Johnnyrocket891

    Winthrop Center | 115 Winthrop Square | Financial District

    I hope we don't see a hole in this area in downtown. Why not let the state govt buy back this building and build subsidized housing or section 8 skyscraper in the area?
  10. Johnnyrocket891

    Winthrop Center | 115 Winthrop Square | Financial District

    Millennium Partners raises some questions on how cutting corners can lead to disasters like this development in San Fran. https://www.theguardian.com/us-news/2019/aug/29/millennium-tower-san-francisco-settlement-leaning
  11. Johnnyrocket891

    The St Regis Residences (former Whiskey Priest site) | 150 Seaport Blvd | Seaport

    I thought construction financing works through phases? Banker/Investment financing goes through a process to keep the funds in line. Foundation- 5-Million Structure- 10-MIllion Interior- 20 mIllion Exterior - 20 million Ect--- Not all funds are released only by different timelines.
  12. Johnnyrocket891

    The Sudbury (Bulfinch Crossing Residential Tower) | 50 Sudbury St | GCG Phase I | Gov't Center

    I think the condo market becomes the rental market for a while.
  13. Johnnyrocket891

    Winthrop Center | 115 Winthrop Square | Financial District

    The Winthrop Garage could possibly be the new hole in the city so it will most likely need solutions. I think the so called luxury condo market in city of Boston will most likely see a turbulent market for a couple of years. Maybe MP could subsidize there million dollar rental units for...
  14. Johnnyrocket891

    Post-COVID Urbanism Discussion

    There is demand in living in the city but at what price? I'm sure the public would buy condos at 80K-200K a unit and they would fill vacancy fast. The problem is how much ROI is it for MP to actually build the building and actually profit from it? Under the current market conditions and the...
  15. Johnnyrocket891

    Winthrop Center | 115 Winthrop Square | Financial District

    I'm not part of the project team but I was walking around downtown and it is looking very grim and dismal. There are many retail stores that just gave up in the area. I'm sure they will bounce back and I'm sure something will be built in this location in the next real estate cycle.
  16. Johnnyrocket891

    Winthrop Center | 115 Winthrop Square | Financial District

    Why lock the thread if the project is still in progress? Maybe you should ignore the thread if the negativity is bothering you. Not all projects turn out positive.
  17. Johnnyrocket891

    Please stop.

    Not a pretty sight: 40+Million unemployed. RIP--Consumer Corporations are unloading their expenditures and cleaning up their balance sheets. Local economies continue to be dead or lock-down. The mindset is changing for the overall American worker to enjoy life not chase the rat race. We are...
  18. Johnnyrocket891

    Winthrop Center | 115 Winthrop Square | Financial District

    More likely factor is the- B: Over-leveraged debt bubble market created by the Fed. *Invincible Boston economy could not handle a 3--Month hiccup without collapsing. I would say that's a solid economic foundation in real estate we have in our city. Whats the Fed into the markets for 6...
  19. Johnnyrocket891

    Winthrop Center | 115 Winthrop Square | Financial District

    The only chance they had was public pressure. The problem is there is no community or public that will pressure this project. Everybody walks on this one and the city will look the other way. Sad but true. 2nd future hole in Boston and this one might last for a while.
  20. Johnnyrocket891

    Winthrop Center | 115 Winthrop Square | Financial District

    Whats your thoughts on Garage Center project? Are they in trouble also? 50 Sudbury St | GCG Phase I | Gov't Center

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