ArchiWise tracks 8 stories about real estate, zoning, permitting, and policy in Suffolk County, Massachusetts. We surface the local decisions (rezonings, council debates, infrastructure investment, hazard mapping updates) that change how property gets built and bought. Updated as new coverage publishes.
The insurer has filed a letter of intent to demolish three Back Bay buildings for a 10-story addition. The project would bring its Boston workforce into one expanded campus.
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Developer Copper Mill has filed a lawsuit against POB Capital and Pactolus Private Wealth Management, alleging fraud related to a collapsed deal for a 754-unit housing development in Boston's Dorchester neighborhood. The legal action claims the defendants undermined a joint venture and sought to terminate the agreement after the project received city approval.
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The Boston Planning & Development Agency Board approved Mayor Michelle Wu's proposal to offer significant tax relief to four major housing developments, aiming to jumpstart over 1,400 stalled units amidst rising costs.
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CIM Group has sold the Motor Mart Garage in Boston's Back Bay to Related Beal for an estimated $89M, significantly below its 2016 purchase price. This transaction follows CIM's inability to advance a previously approved 20-story, 306-unit condo tower project on the site.
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Boston-based developer Redgate has completed its third multifamily property sale in Revere, divesting the 195-unit One Beachmont to Nuveen Alternatives Advisors for $77M. This transaction adds to a series of significant commercial real estate deals recently closed in the Revere Beach area.
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Boston's premium office market is experiencing unprecedented rent increases, primarily fueled by law firms seeking top-tier spaces. This surge occurs despite a broader market slowdown and a complete absence of new office construction, leading to tight supply in luxury properties.
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Boston's era of high-rise apartment and condo tower construction has ended, as developers pivot to suburban low-rise projects due to prohibitive building costs and flat rental market growth. Industry leaders do not foresee a return to urban high-rise development in the near future.
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The Davis Cos. has listed a 130-unit historic residential portfolio spanning 16 properties across Boston's Beacon Hill and Back Bay neighborhoods. Marketed as Sentry XVI, the offering represents a rare scale in high-barrier submarkets.
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