Leasing rates for sure an issue, it's very likely that Riverside Center is at the top end for 128. But it's also pretty nice. If you were interested in only hiring workers who have a car (ie: older) I would definitely recommend it. Being on the Green Line makes no difference, as I mentioned 95%+ drove when I was there.There may be other reasons why the Riverside Center has vacancy - leasing rates, contiguity of available space, issues finding subletters if a company moves out before lease end... it's hard to extrapolate from one building.
I'd be surprised if the new hotel doesn't expand on the Indigo. It extends to the Indigo's roof height and sits on much lower ground.I hope they require the Developer to fully replace the hotel rooms lost from the Hotel Indigo. It's not a great hotel, but the near suburbs desperately need hotel rooms. Waltham is putting up a few more (Marriot x2 and Hampton Inn), but there is a dramatic shortage in this area specifically.
I think that's unlikely with this developer. He has no projects like that on his resume, and he got Washington Place through with a one-floor reduction.I'm gonna call it now: high-end 55+ community, scaled to mimic a village, and the largest structure will be the commuter garage.
And the Globe article: