🔹 What's Happening With Project X?

Vagabond

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http://www.bostonplans.org/projects/development-projects/hood-park-master-plan-npc Its been a while sinceI last heard news on this. PRetty substantial development. Anyone know whats going on with the Hood Park development?
The 100 Hood park garage is open, and looking to lease out its 80k SF of office space. The likely takers though, businesses already in the park, all are feeling the worst of Covid.

Cosi went into bankruptcy back in February.

The tower was meant to be built for Indigo Ag to expand. They grew from 200 to 2k employees in under 2 years, then in early 2020 they contracted and just brought in a new CEO, and Covid put all expansions on hold.
 

curcuas

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That's correct. Unlikely Indigo expanding any time soon....if at all. The Hood owners aren't exactly great at attractive other (bio)tech tenants either.
 

squidman1

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What ever happened to the idea to renovate the 175 Federal Street base? I remember reading an article about it once and I was just begging to see that awful "Tootsie Roll" tower get a makeover.
 

JeffDowntown

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What ever happened to the idea to renovate the 175 Federal Street base? I remember reading an article about it once and I was just begging to see that awful "Tootsie Roll" tower get a makeover.
Per the BPDA website it is still "under review". It went to the BCDC last September. Maybe there were changes requested?

http://www.bostonplans.org/projects/development-projects/175-federal-street

Also, given what the pandemic has done to office occupancy, it may just be being slow walked to let the dust settle on market conditions. Why renovate an office lobby if there are no tenants?
 

whighlander

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Per the BPDA website it is still "under review". It went to the BCDC last September. Maybe there were changes requested?

http://www.bostonplans.org/projects/development-projects/175-federal-street

Also, given what the pandemic has done to office occupancy, it may just be being slow walked to let the dust settle on market conditions. Why renovate an office lobby if there are no tenants?
Jeff -- I think that the developer is still haggling with the BPDA design folks
September's stuff looked significantly improved -- but the Massive Truss -- the raison d'etre for the building being left standing is still not exposed enough for my taste

Anyway here's what I think came out well from the Sept presentation

temp_view.jpg
 

George_Apley

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whighlander

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Looking at some recent stuff on Stuart Street -- triggers the question

Anyone know anything going with the Motor Mart Garage project?
 

KriterionBOS

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Back Bay Station tower #1 (residences) 34 stories ~413' (approved Nov, 2017)

Back Bay Station tower #2 (offices) 24 stories 390' (approved Nov 16, 2017)

I may be missing a third 'tower'; apologies if so.
Any idea when these will offically break ground?
 

whighlander

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Any idea when these will offically break ground?
KriterionBos -- This is Boston -- there is no way to know if they will ever break ground -- and that's ignoring the unusual dynamics of the COVID-19 Pandemic era

Having observed development in Boston / Cambridge since the 1960's many proposals which get to the stage of being approved -- still never happen at all
Go to Emporis and look at the table of skyscrapers in Boston -- there is a category and a color code for those proposed such as Menino's 1000 footer

Beyond the ones which never happen -- there are many which happen a decade or more after they first get reviewed - - sometimes because they are proposed so late in the Business Cycle that things stop for a while to wait for the next upswing -- such as anything proposed about 2008 which went on hold until 2015 or so

There is a special category of "on-demand" building -- being developed for an Amazon, Vertex, or a Google. This type of project has its own rules and its own timetable --- all of the pieces are in place and the process works in a well-oiled fashion

Outside of these -- Boston projects take time to move through the approval process -- the typical project [proposed during the good phase of the business cycle]:

Takes at least a few years from its first LOI [Letter of Intent], then formal filing, to being approved by the BPDA after going through changes to meet the BPDA reviews

Then it often spends time going through a couple of NPC [Notice of Project Change] on the part of the developer in response to changing market conditions
then it gets through all of the permitting needed from the City, MA and sometimes even the Feds
then it has to get financed [assuming things haven't changed too much since it was a gleam in the developer's eye]
All the above takes a year or more from the BPDA approval -- and then finally:
the digging, boring, demo, whatever actually begins

Go to the BPDA website and look at a major project of your choice -- you can see all this in excruciating detail

Or more instructively -- pick one of the projects on AB and start at post #1
 

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