Seaport Neighborhood - Infill and Discussion

Re: Innovation Dist. / South Boston Seaport

SeamusMcFly said:
So, perhaps the SL should extend to the Blue Line Airport station, and loop there. Then make it's stops at the airport.

No transfer fees then as you would be going from subway to "subway". Now there is direct access from East Boston to the SB waterfront. I don't likt the surface bus portion of the SL, but it does offer this type of flexibility. Of course the tunnel under central parking with a central SL airport stop I mentioned before that continues to Airport station and to the new Casino with an SL headhouse/turn around here, would make it a functional subway.
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That's a brilliant, and very cost effective idea. The infrastructure is already there. All they need to do is reroute the busses.
 
Re: Innovation Dist. / South Boston Seaport

Is that the Innovashack?
 
Re: Innovation Dist. / South Boston Seaport

Isn't that a massive waste of a prime parcel?
 
Re: Innovation Dist. / South Boston Seaport

Its not every day you get to see a new gas station built in boston
 
Re: Innovation Dist. / South Boston Seaport

I found this on the Boston Innovation Twitter feet: Boston is in the running for Most Innovative City in the World in a poll by Wall Street Journal. Take a look at the other cities and vote here:

http://online.wsj.com/ad/cityoftheyear
 
Re: Innovation Dist. / South Boston Seaport

Fidelity moving to Innovation District

By Ira Kantor
Friday, November 16, 2012 - Updated 28 minutes ago

Fidelity Investments said today it will relocate its corporate headquarters to 245 Summer St. in Boston.

The company said it first established a small presence in the building about a decade ago and since then has significantly transformed the 14-story, 900,000-square-foot property into a state-of-the-art facility.

“Our new headquarters provides optimum facilities for integrating our various businesses located in Boston and is better suited to meet our future needs,” Fidelity Chairman and CEO Edward C. “Ned” Johnson III said. “We look forward to building on our storied Boston history in our new headquarters.”

The new location consists of 60,000-square-foot floor plates that provide options for designing flexible work environments for its business and employees, the company said.

“Fidelity’s decision to locate its corporate headquarters at 245 Summer Street is great news for our city. Situated at the crossroads of the Financial District and the Innovation District, this site is already a key location for Fidelity and will make a terrific headquarters,” added Boston Mayor Thomas M. Menino. “I am very pleased to see their continued interest and investment in this area of Boston.”

Fidelity, which is currently based at 82 Devonshire St., first acquired the Summer Street property in 1999 and has about 2,900 of its employees based there currently.

In March 2011, the company announced it would close its Marlboro campus and send most of those 1,100 jobs to its offices in Merrimack, N.H., and Smithfield, R.I. Last month, the company said it would build a $200 million data center in Nebraska.
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http://www.bostonherald.com/busines...uarters_to_245_summer_st/srvc=home&position=0
 
Re: Innovation Dist. / South Boston Seaport

Boston.com
Fidelity plans to move Boston headquarters to Summer St. after decades on Devonshire
11/16/2012 2:39 PM

By Beth Healy, Globe Staff

Fidelity Investments said Friday it plans to move the company’s Boston headquarters to 245 Summer St., eventually vacating the corporate offices at 82 Devonshire St. where chairman Edward “Ned” C. Johnson 3d has worked since the 1970s.

The mutual fund and brokerage giant said over the coming months it will move 600 employees to the Summer Street location, next to South Station. Fidelity already has 2,900 employees at 245 Summer St., including president Abigail P. Johnson, and Ronald O’Hanley, head of asset management and corporate services.

For many years, top executives worked in offices just down the hall from Fidelity’s chairman on Devonshire. The executive suite area there includes a Zen garden in a small courtyard.

Fidelity employs about 10,000 Massachusetts residents, include 6,000 in the Boston area -- less than half the number it had in the city in 2006. Its decisions to move employees to other states -- notably Hampshire and Rhode island -- have raised concerns among city officials and others working to keep financial services jobs in Boston. Fidelity has about 5,400 employees in New Hampshire and 3,400 Rhode Island.

Boston Mayor Thomas M. Menino said in a statement Friday that Fidelity’s decision was “great news for our city.”

“Situated at the crossroads of the Financial District and the Innovation District, this site is already a key location for Fidelity and will make a terrific headquarters,” Menino said. “I am very pleased to see their continued interest and investment in this area of Boston.”

In a statement, Edward Johnson said, “Our new headquarters provides optimum facilities for integrating our various businesses located in Boston and is better suited to meet our future needs.”

Fidelity said it will sell or lease 82 Devonshire and surrounding parcels it owns on the block. That could create a new site for development in the Financial District.
Beth Healy can be reached at bhealy@globe.com.
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I'm not sure how much pull the Friends of Post Office Square have to block this, but that would be a great spot for a slender tower.
 
Re: Innovation Dist. / South Boston Seaport

What is Menino praising here? Doesn't sound like they're hiring anyone new or making much of an investment, just moving the executive offices.
 
Re: Innovation Dist. / South Boston Seaport

I think it is a bit of a stretch to call this the 'Innovation District'. But czsz's point still stands, regardless.
 
Re: Innovation Dist. / South Boston Seaport

Cambridge proves true V.C. hub

Report shows Boston lags in startup funding game

By Marie Szaniszlo / The District
Tuesday, November 20, 2012 - Added 8 hours ago

Boston has been touting its Innovation District, but Cambridge continues to outpace the Hub in venture capital, angel and corporate investment, and that gap appears to be widening, according to a report released yesterday.

Cambridge saw $305 million invested in 30 deals over the last quarter and $991 million in 122 deals over the past year, according to industry tracker CB Insights.

Compared to the four prior quarters, the city saw a 5 percent increase in funding and a 27 percent increase in deal volume, the better predictor of regional health because it’s less prone to dramatic shifts from an atypically large deal.


“Obviously there’s a big university component in Cambridge, with a lot of smart, young talent and a lot of venture capital firms setting up shop there because of that,” said Anand Sanwal, co-founder of CB Insights.

Boston had $129 million in 22 deals over the last quarter and $541 million of funding in 63 deals over the past year, the report found.

The four most recent quarters were down 13 percent in the number of deals in Boston versus last year, but funding was up 8 percent.

Dot Joyce, a spokeswoman for Mayor Thomas M. Menino, said Boston has a “robust” economy that continues to grow and attract new business in financial services, higher education, health care and biotechnology and tourism.

“While it is great to compete with each other,” Joyce said in a statement, “the truth of the matter is what is good for Cambridge and what is good for Boston benefits the entire state and region.”

The report also found that Cambridge and Boston are drawing venture investment away from Route 128 stalwarts Woburn and Waltham, where several venture capital firms have set up shop.

“Cambridge and Boston have ascended, while Waltham and Woburn have diminished,” Sanwal said.

Waltham, for example, had $292.8 million in 12 deals over the last quarter and $611.8 million in 41 deals over the past year, while Woburn had $5.6 million in two deals over the last quarter and $59.7 million in nine deals over the past year.

“Compared to those cities and Boston, Cambridge has the benefit of Harvard and the Massachusetts Institute of Technology, with many startups by students and a great density of office and lab space and therefore the most appropriate infrastructure for startups,” said Michael Greeley, general partner of Flybridge Capital Partners, a Boston venture capital firm. “The action is really where the young entrepreneurs are.”
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http://www.bostonherald.com/business/general/view.bg?articleid=1061176027
 
Re: Innovation Dist. / South Boston Seaport

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Re: Innovation Dist. / South Boston Seaport

Two hotels, with a combined 500 rooms, proposed for D Street

More hotel rooms could be coming to D Street in South Boston if the Massachusetts Convention Center Authority’s plans are approved by the Boston Redevelopment Authority.

Last week the MCCA filed a Notice of Project Change with the BRA for two mid-priced hotels with a parking garage and ground-floor retail.

The new construction would be located on a 5.6-acre lot at 371-401 D St., which is southeast of the convention center and north of West First Street.

The two hotels, which would share ground-floor amenities, would each hold 250 rooms. The parking garage is proposed to hold up to 1,350 vehicles and replace the spaces that will be lost when the Boston Convention and Exhibition Center expands. The garage would have solar panels on its roof, according to the NPC.

Plans also call for an estimated 26,300 square feet of ground-floor retail.

The two hotels are aimed at supporting business travelers. The first hotel is intended for short stays, while the other hotel is proposed for extended stays and rooms will include small kitchens.

The site was purchased from the Intercontinental Fund IV 371-401 D Street, LLC by the MCCA in Oct. 2012 for close to $33-million, according to the Globe. Intercontinental originally purchased the site in 2005 and had proposed a $230-million, 585-unit residential development, according to the BRA. That project was approved in 2006 by the BRA’s Board, but never moved forward.

Prior to the filing of the NPC, there was a ban on new hotel construction in the area, but that prohibition was removed in July by the state Legislature, according to the Globe.

Residents in the past had raised concerns about all the new construction that could be coming into the neighborhood if the ban was lifted.

The MCCA’s new plan, which will add 500 new rooms to the area that currently hosts 1,700 hotel rooms, is estimated to generate 370 construction jobs and 175 permanent jobs, according to the BRA.

A date for a community meeting on the project has not been set, but a copy of the Notice of Project Change can be found here.
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http://www.boston.com/yourtown/news/south_boston/2012/12/hold_five-hundred_hotel_rooms.html?camp=misc:eek:n:fb-page:HLsouthboston&dlvrit=135293

Glad to see 26,000 sf of retail.
 
Re: Innovation Dist. / South Boston Seaport

Another parking garage project masquerading as a building.
 
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