401 Park Drive (née Landmark Center) | Fenway

Re: Landmark Center Expansion | Fenway

whighlander said:
Sounds as if a herd of goats or sheep might solve the problem
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Now if we could just breed a species of goat or sheep with webbed feet and superior swimming abilities. I don't know why we continue to call ourselves a hub of bioengineering if we can't...
 
Re: Landmark Center Expansion | Fenway

Tombstoner said:
Now if we could just breed a species of goat or sheep with webbed feet and superior swimming abilities. I don't know why we continue to call ourselves a hub of bioengineering if we can't...
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Tomb -- our vaunted bioengineers have bred goats and other animals who excrete in their milk:
Human Growth Hormone -- commercial product
GTC Biotherapeutics, Inc., an LFB Group Company, Announces Name Change
FRAMINGHAM, Mass, JANUARY 4, 2013 … GTC Biotherapeutics announced today that it has changed its name to rEVO Biologics. The name change reflects the recent commercial growth of the company, and better aligns with the company’s business strategy of evolving recombinant medicine for the treatment of rare diseases.


Read more about GTC Biotherapeutics, Inc., an LFB Group Company, Announces Name Change
GTC Biotherapeutics Regains Rights To ATryn®
Framingham, MA May 20, 2011 - GTC Biotherapeutics, Inc. (GTC) (a wholly-owned subsidiary of LFB Biotechnologies S.A.S., Les Ulis, France), announced today that the United States Patent and Trademark Office (USPTO) granted (to GTC) a patent covering DNA constructs for the production of any therapeutic protein in the milk of any transgenic animal. This “Broad DNA” patent extends to 2027. GTC’s intellectual property position also includes a United States Patent extending to 2021 covering methods for the production of any therapeutic protein in the milk of non-human transgenic mammals.

- See more at: http://revobiologics.com/news?page=1#sthash.95iTXz6q.dpuf
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Spider's silk -- experimental work

So i wouldn't write it off as a pipedream :cool:
 
Re: Landmark Center Expansion | Fenway

whighlander said:
Tomb -- our vaunted bioengineers have bred goats and other animals who excrete in their milk:
Human Growth Hormone -- commercial product



Spider's silk -- experimental work

So i wouldn't write it off as a pipedream :cool:
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Far more relevant to goats and sheep with webbed footing would be Boston's creation of the Vacanti mouse. That's an actual animal with new cartilage grown on its body in a prespecified shape.
 
Re: Landmark Center Expansion | Fenway

I like spaghetti.
 
Re: Landmark Center Expansion | Fenway

Got a hot tip that the Wegman's deal fell through...hope I'm wrong...
 
Re: Landmark Center Expansion | Fenway

Odd. Van Ness is done.

Pierce is well on the way to sold. You're getting rich, hey!

You have a project you spent millions getting approved in one of the hottest changing neighborhoods – a neighborhood you, yourself are helping to transform.

The size of the approved resident towers can't be changed here. they can be done in phases. So, is Samuels holding due to a slowing market? available construction crews, cost? all of the above?
 
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Re: Landmark Center Expansion | Fenway

WestFens? Any insider information? He was right with regards to Wegmans.
 
Re: Landmark Center Expansion | Fenway

A friend of a friend works at Wegman's HQ, and according to him the Fenway store is still in the company's long-term plans but it's not going to happen anytime soon. All of their Massachusetts locations have been opening up slower than expected, and there are still a few more in the queue before Fenway.
 
Re: Landmark Center Expansion | Fenway

JumboBuc said:
A friend of a friend works at Wegman's HQ, and according to him the Fenway store is still in the company's long-term plans but it's not going to happen anytime soon. All of their Massachusetts locations have been opening up slower than expected, and there are still a few more in the queue before Fenway.
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yeah I noticed the Natick store opening was quietly moved from 2017 to 2018. Perhaps it is Wegman's that is slowing their growth.
 
Re: Landmark Center Expansion | Fenway

odurandina said:
So, is Samuels holding due to a slowing market? available construction crews, cost? all of the above?
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Treasury rates have risen over 100 basis points in six months. Yellen has pretty consistently been signaling that she thinks they need to climb more, and Trump (for what it's worth - not much) at least made noise on the campaign trail that he wanted them to rise higher. This forces re-underwriting of debt on any deal not already through its financial closing.

To add to that, we all got a surprise in November that could result in lower corporate tax rates. Investors like that, of course, but it has a deleterious impact on equity pricing in RE development deals. Via the wonders and near-magic of the tax code, an investor in RE can make money by making money (in cash terms, the old-fashioned easy to grasp way), while simultaneously making money by "losing" money on a tax basis (that's the wondrous part) and applying those losses elsewhere. A lower tax rate, while obviously good for the investor, means they will derive less benefit from those tax "losses", and hence they will bid less to get an equity position in a new RE deal. Note that the losses generated by a particular RE investment might remain the same - no difference to depreciation, the rising interest rates alter amortization tables a bit but not so radically - the issue is that those losses are of less value to investors because they will have less taxes to shield. Phrased differently, the investor's improved position in the tax code results in a negative impact on the RE developer's pro forma. The developer also gets some boost from lower tax rates, but that's on their corporate books: the deal takes a hit.

The two problematic aspects of this tax code change are a) absolutely no one saw it coming so it was a jolt to negotiations, and b) absolutely no one knows where the new tax rate will be, so not only are the negotiations jolted, neither side knows where the jolt will settle down. Numerous negotiations are ending up simply being tabled.

This tax code thing is having an impact on approximately 100.0000000% of real estate transactions that were still in the financing negotiations stage, and many deals were already screwed down damned tightly anyhow. Paired with the rising interest rates on debt, which drives down debt balance and therefore pushes up equity needs, and it's double whammy time.

This might have nothing at all to do with Wegman's pulling out - if their stores are hitting targets slower, that'd have nada to do with all the above. But I am certain that Samuels, like every other developer with deals in the financing stage, has been doing a LOT of re-projecting and renegotiation since Nov 9.
 
Re: Landmark Center Expansion | Fenway

I gave you the insider info and was called a troll - wait until the gas station comes down too.
 
Re: Landmark Center Expansion | Fenway

Gas station? Demo to begin April...but you know how these things get delayed.
 
Re: Landmark Center Expansion | Fenway

WestFens said:
Gas station? Demo to begin April...but you know how these things get delayed.
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Okay, giving you the benefit of the doubt that your source is legit:

The "Skanska BK" project was BRA approved in July 2013 but the to-be-replaced BK wasn't demoed until August 2015.
The Pierce was publicly proposed in April 2012 and approved in July 2013, but the to-be-replaced D'Angelo wasn't demoed until May 2015.
But supposedly there are plans to demo multiple active, revenue-generating businesses in April (only four months from now) even though nobody has made a peep publicly yet about any development plans? That doesn't seem to make any sense...

Also, "Elias Enterprise LLC" owns the Gulf lot, while Star Market owns the abutting lower parking lot, and the Shaws and upper lot. So any project here would have to be a joint venture between Shaws and the gas station owner.
 
Re: Landmark Center Expansion | Fenway

JumboBuc said:
Okay, giving you the benefit of the doubt that your source is legit:

The "Skanska BK" project was BRA approved in July 2013 but the to-be-replaced BK wasn't demoed until August 2015.
The Pierce was publicly proposed in April 2012 and approved in July 2013, but the to-be-replaced D'Angelo wasn't demoed until May 2015.
But supposedly there are plans to demo multiple active, revenue-generating businesses in April (only four months from now) even though nobody has made a peep publicly yet about any development plans? That doesn't seem to make any sense...

Also, "Elias Enterprise LLC" owns the Gulf lot, while Star Market owns the abutting lower parking lot, and the Shaws and upper lot. So any project here would have to be a joint venture between Shaws and the gas station owner.
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Might be more incentive for Shaws/Star to sign on with a redevelopment and being a part of the final product since the Wegman's deal fell through. A shiny new Star market in a brand new development would do very well, especially considering they are the only grocery in that area as far as I recall?
 
Re: Landmark Center Expansion | Fenway

Cobean said:
Might be more incentive for Shaws/Star to sign on with a redevelopment and being a part of the final product since the Wegman's deal fell through. A shiny new Star market in a brand new development would do very well, especially considering they are the only grocery in that area as far as I recall?
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Sure, a Shaw's with 10 floors of housing on top is worth much more to corporate than a stand-alone grocery store. And the existing Shaw's is really cramped / crowded all the time. But that doesn't explain the funky details / timeline.

Also, the Target that is literally across the street has a full grocery section.
 
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