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Re: 111 Federal St. | Formerly Trans National Place (Winthrop Square) Part 2
This may be the greatest news in the history of ArchBoston. If this actually pans out.
A quote from the article that hopefully is true:
"Still, selecting a developer is no guarantee that the tower will actually get built any time soon.
O’Donnell last month noted that “we’re closer to the end of this [real estate] cycle than the beginning.” Recently several other large office proposals in the city have struggled to find a main tenant big enough to launch construction. Financing, too, could become a challenge if the global economy cools or interest rates rise.
But even if the office market stalls, all the plans filed last year included residential components, which have generally performed well in downtown Boston. Some also had hotels.
And regardless of when ground might break, BRA officials say they want a proposal that can withstand economic cycles, and a building that will evolve with the city.
“We want a building that can be built today and can thrive for a long time,” said chief BRA planner Sara Myerson. “A truly great building for decades to come.”"
ps: BRA if you are reading this....PICK THE FUCKING ACCORDIA TOWER! Don't even hold a competition it is already over, Accordia wins, build it.
This may be the greatest news in the history of ArchBoston. If this actually pans out.
A quote from the article that hopefully is true:
"Still, selecting a developer is no guarantee that the tower will actually get built any time soon.
O’Donnell last month noted that “we’re closer to the end of this [real estate] cycle than the beginning.” Recently several other large office proposals in the city have struggled to find a main tenant big enough to launch construction. Financing, too, could become a challenge if the global economy cools or interest rates rise.
But even if the office market stalls, all the plans filed last year included residential components, which have generally performed well in downtown Boston. Some also had hotels.
And regardless of when ground might break, BRA officials say they want a proposal that can withstand economic cycles, and a building that will evolve with the city.
“We want a building that can be built today and can thrive for a long time,” said chief BRA planner Sara Myerson. “A truly great building for decades to come.”"
ps: BRA if you are reading this....PICK THE FUCKING ACCORDIA TOWER! Don't even hold a competition it is already over, Accordia wins, build it.