palindrome
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Globe is now reporting funding is potentially lined up $1.25B
According to the Globe, the two new investors are in for the entire project. For whatever reason, the new investors must be approved by the city before construction can start.Investors as in investors for office/retail or for the residential part?
Perry has said that because he expects it will take four years to build, Hines probably won’t lease office space prior to construction, as large office projects in Boston typically do. That makes the tower a relatively risky proposition, should the economy turn and demand for high-end office space downtown dry up. Apparently, that’s a risk that APG and Dune — which recently raised a $1.25 billion investment fund — are willing to take.
What happened to the Chinese Investors -- Did Hunter Biden get all the money?Disable JavaScript in your browser and you can read it. The gist is previous Chinese investor is out and two newinvestors are in. Asking for extension until Dec 31. Construction is not imminent.
What happened to the Chinese Investors -- Did Hunter Biden get all the money?
“which will take four years to build and would be one of the most complex and expensive projects in Boston’s ongoing development boom.”
Huh? The foundations already exist, how is it one of the most complex... and 4 years? Are they building everything or just the tower? Its technically already at ground level and then once you get... 1 floor up, your then past the tracks and pedestrians and everything and theres separation between the construction site and the station. Kinda confusing..
If this was starting from scratch and they had to pile drive the entire foundation with the busiest station in new england still working at capacity around them, then I can see 4 years until occupancy as the foundation would take a year alone....
Yea, but the point is that the foundations were already done a long time ago, so theyre not starting from scratch and dont have that 1-2 years of foundation work before it starts to rise like other towers.
Isn't the tower portion of this project actually sitting over the current SS waiting area? That's what it look like from renders. I don't think people are giving the complexity of this project the credit it's due.
“which will take four years to build and would be one of the most complex and expensive projects in Boston’s ongoing development boom.”
Huh? The foundations already exist, how is it one of the most complex... and 4 years? Are they building everything or just the tower? Its technically already at ground level and then once you get... 1 floor up, your then past the tracks and pedestrians and everything, and theres now separation between the construction site and the station. Kinda confusing..
Yes: procedurally, this and Winthrop share the podium as the demarcation lines, the 2 definitive projects of the Cycle imo. When you look across the entirety of Downtown, it will significantly tall, far spanning, and big: The old + new + re-cladded 150~180m buildings (incl the eventual arrival of Central Wharf), the Greenway, Bulfinch Triangle, and height spanning from the North Station area to DTX will be impressive. But the 150, 180~210m towers that span from South Station to DTX in contrast to the tired, reticent, sleepy Boston of a 1/2 century ago will be a striking landscape: The 4 new towers (incl MT) will edify the older highrises as well. The Mayor and BPDA want Central Wharf to rise. Despite the noise from a few obnoxious residents and activist leaders, there's a good chance a single, 600' tower gets approved.If this gets out of the ground, then we can say this cycle has been absolutely awesome (despite no Copley, chop-down at North Station, chop-down at Winthrop Square, and so many other failures). If it doesn't, the boom is still good, and yet somehow unfulfilling at the same time.