Cosakita18
Senior Member
- Joined
- Jun 14, 2016
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I think it's great that there is a corporate office user relocating here, but at the same time I can't help but notice that this building does not look ideally situated for reuse in the future should that tenant bail later on. It looks rather suburban. Not complaining, just cautiously supporting.
Regarding the "prime" piece of land between this and WEX, that could actually backfire and lead to pricing that's too high for anyone to be interested. Oddly the "prime" lots seem to move slower than those that are close but not right in the middle of the action (which sellers are willing to let go for more reasonable numbers). What the lot is worth today may not be what it's worth in a couple of years (the soonest anyone could monetize it), so offering at today's rate is a risky financial proposition. Hopefully something works out there though.
It's quite boxy, although I do like the design of it. It looks very "Seaport-eque"
The land between WEX and the new SunLife building would actually look quite nice as an interim open/green space if no development materializes. It would be sort of walled-in on 3 sides by office buildings, and would break up the Thames St. frontage a bit. A good place for office employees to eat lunch (at least in the warmer months)
Now that I think about it, we are relatively close to a full build-out of the eastern waterfront. There are only a couple of sites that are open for development. Once the SunLife and 170 Fore St. offices are built, there won't be any substantial space for new office construction.
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