The construction of a new office tower on Russia Wharf exemplifies an improving commercial real estate market in Boston.
"Investment giant Wellington Management is working toward an agreement to lease the 31-story office tower being built by Boston Properties Inc. on Russia Wharf in downtown Boston, according to several real estate executives who have been briefed on the negotiations.
Landing Boston-based Wellington, which manages $550 billion in investments, would be a major coup for Boston Properties and would virtually assure a successful redevelopment of the historic complex, which also fronts the new Rose Fitzgerald Kennedy Greenway.
The investment firm has been a much-sought tenant by Boston landlords who will have a large enough space to accommodate the bulk of Wellington's operations when its current leases expire in the next few years.
The planned Russia Wharf tower will have about 550,000 square feet of space."
FULL STORY: Firm in talks for Russia Wharf tower
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
Meet NYC’s New Office of Livable Streets
The NYC DOT program will build on pandemic-era initiatives to promote safe and comfortable streets that enhance community and expand uses beyond just moving cars.
Transit Riders Face the Highest Safety Risks in These 10 States
According to federal data, the average number of safety incidents on public transportation averaged 55.2 per 100,000 people across all states between 2010 and 2023. Which states came in well above the national average?
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Universal City TX
ULI Northwest Arkansas
Town of Zionsville
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