Innovation District
I'm proposing a new thread to discuss the concept of Boston's "Innovation District."
The City of Boston has done a terrific amount of PR, including social media (Twitter, website, personal relationships and liasions) to coalesce a group of companies primarily in the tech / pharma sector, now hosting networking events, etc. in the district. The buzz is good, and increasing.
I'm suggesting here that beyond PR, there is really no significant Innnovation District planning under way which might revisit the South Boston Waterfront to actually build a sustainable and modern "Innovation District" far more attractive than Cambridge or other cities worldwide offer.
In its efforts to date, the Boston Redevelopment Authority has:
1. Directed the vast majority of "innovation economy" startups to relatively cheap leases in Fort Point wharf buildings.
Problem #1: Available Fort Point wharf building space is finite.
Problem #2: Prices are increasing in Fort Point, perhaps beyond what "innovation economy" startups will deem affordable. This experience was already borne out by the arts community in Fort Point.
Problem #3: I'm not sure, but I doubt startups would be interested in leasing the type of office space planned for Fan Pier, Seaport Square, Pier IV, Fort Point 100 Acres.
2. Directed "innovation economy" startups to subsidized (free) leases on Fan Pier.
Problem: Subsidies are unsustainable.
3. Mandated the creation of "Innovation Units" (e.g. small units <500 square feet) in recently approved residential projects.
Problem: There are fewer than 40 of these units in the pipeline for completion over the next 2 years. Does this matter, if perhaps hundreds or thousands more can be completed in 3-10 years?
4. Approved completion of a handful of "Executive Stay" units for visiting employees.
Problem: None recognized. It seems these types of units are in demand by startups. Or maybe they are for successful "Innovation Economy" companies (Vertex).
5. Announced the construction of a 12,000 sf Boston Innovation Center, possibly including meeting rooms and a cafe.
Problem#1: The Boston Innovation Center seems like a jewel box on the Seaport, with no large-scale support in abutting properties. Will this attract startups if the surrounding space is all Class A office space?
Problem #2: Location is remote relative to most of the startups in the district.
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SUMMARY
Is it possible to get a jump on an Innovation District in a way which would increase the odds of a positive outcome?
Should the City of Boston consider pulling approvals for any land on the South Boston Waterfront and/or Fort Point that remains vacant 3+ years after approvals, and starting over with a zoning plan that recognizes the actual needs of an "Innovation District?"
What are the needs of startups invited to an Innovation District and how do we get these things off the ground?