Spagnolo Gisness & Associates (SGA)

Lord Hobo Coming to Two Drydock Local brewery Lord Hobo has signed a lease for the 9,000 square feet of retail/restaurant space on the ground floor of Two Drydock in the Seaport. Along with a working brewery, the space will include a gastropub, taproom, and lounge. Upstairs Two Drydock will feature 225,000 square feet of Class A office space offering an array of amenities from a welcoming public plaza to a rooftop yoga studio. Construction is expected to wrap up in the first quarter of 2020.

HCP, Inc. to Buy Alewife Research Center for $332.5 Million HCP, Inc. has agreed to purchase the Alewife Research Center in Cambridge from The Davis Companies for $332.5 million. The property features a 223,000 square foot state-of-the-art laboratory building located across from the Alewife MBTA Red Line station. Alewife Research Center features flexible research and development office space with amenities including a two-story lobby, a fitness center, conference/meeting areas, and an employee lounge.

Site and Foundation Work Underway for First Building at Boynton Yards Site and foundation work on 101 South Street at Boynton Yards is well underway just a few months after the project was financed for $140M. The Class A speculative lab building will feature 290,000 square feet of space aimed at emerging life sciences companies. The building will also include four levels of underground parking and ground-floor retail and community arts spaces. Located adjacent to Union Square, the City of Somerville plans for Boynton Yards to be redeveloped into a vibrant, mixed-use district benefitting from the new Green Line Station expected to open in 2021.

Updated Plans for South Boston Power Plant Reduce Residential and Add Lab Space In a supplemental information filing, Redgate and Hilco Global have revealed updated plans for the South Boston Power Plant redevelopment. The overall project has been reduced in size by 150,000 square feet and the mix of uses has been re-balanced with a focus on commercial uses. The number of proposed housing units is reduced by almost half from 1,344 units to 750. Office space has been increased from 368,000 to 470,000 square feet and 330,000 square feet of R&D space has also been added to plans.  The updated plans also address the community concerns about parking, by providing an increased residential parking ratio on-site of one space per unit. The Project will also provide 120 parking spaces to neighborhood residents on nights and weekends at a discounted rate within the parking garages in the commercial buildings. According to the filing, the project will be developed in multiple phases spanning an approximately 10 to 15-year period, with demolition commencement anticipated in late 2019. After the completion of the site demolition and remediation, Phase 1A, will prioritize the construction of low-rise residential along East 1st Street and the renovation of Turbine Hall 3 on East 1st Street into office. The remaining two Turbine Halls will be renovated to an interim condition for public events and activities.

101 South Street Financed for $140 Million The Class A speculative lab building at Boynton Yards has been financed via Bank OZK for $140 million. The 290,000 square foot building will match the quality of newly constructed buildings in Kendall Square/East Cambridge and will provide state-of-the-art lab space geared towards emerging life science companies.  The project will also include four levels of underground parking and first floor retail and community arts spaces.

Construction Continues on Skanska's Next Seaport Office Project: Two Drydock Window install is ongoing for Skanska's Two Drydock, in Boston's Seaport. The 225,000 square foot project will feature flexible, modern office space, offering abundant natural light through this glass facade. Along with the office space the building will also feature 9,500 square foot of ground floor retail and parking for 150 cars. The parking has been strategically placed on floors 2-4 to allow for possible future repositioning.   

Structural Steel Framing Underway for The Heights at Haverhill Structural steel is going up for The Heights at Haverhill, just 40 minutes north of Boston. The ten-story building will feature 42 apartments along with, a sky lounge, on-site dining, roof deck, café, and outdoor terraces, plus leased educational space for Northern Essex Community College’s Culinary Arts and Hospitality Center, and incubator space for local entrepreneurs. Located in downtown Haverhill and adjacent to the Merrimack River the Heights aims to be a catalyst for further development in this area of the city. photo: The Heights at Haverhill Facebook 

Windows Going in at Two Drydock Construction on Skanska's newest office project, Two Drydock is advancing with windows being installed. The upcoming 250,000 square foot mixed-use office building captures the industrial look of the neighborhood while offering modern office amenities like a rooftop terrace, fitness center, and open workspaces with abundant natural light. The building is targetting LEED Gold Certification and will feature an energy recovery system and high-performance curtain wall facade. 

Two Drydock Tops Off With over 1750 steel beams in place, the 12-story tower at Two Drydock has topped off. The project will feature 225,000 square feet of office space, 9,500 square-feet of ground-floor retail as well as a 12,000 square-foot public plaza. Building amenities will include a rich first-level experience to include a cafe and craft brewing space, along with rooftop yoga area, and terrace with sweeping Boston and water views.   

$16.5 Million in Financing Secured for The Heights at Haverhill The Lupoli Companies has secured $16.5 million in financing via Northern Bank & Trust for The Heights at Haverhill. The Heights is an upcoming luxury, mixed-use development in downtown Haverhill that will serve as a catalyst for future development in the city. The prime location, downtown, and adjacent to the Merrimack River, will provide an upscale lifestyle and urban design for its residential and retail tenants. SGA has designed an iconic tower featuring cantilevers of high-performance glass, pre-cast concrete rain-screens, and manufactured wood soffits. The 65,000 square foot, the ten-story building includes residential apartments, a sky lounge, on-site dining, roof deck, café, and outdoor terraces, plus leased educational space for Northern Essex Community College’s Culinary Arts and Hospitality Center, and incubator space for local entrepreneurs.  

Local 537 New Training and Office Facility Complete Construction is now complete at Pipefitters Association Local 537 New Training and Office Facility.  The new headquarters and training facility for the Pipefitters Association Local Union 537 is a four-story, 70,000-square-foot building and features a pipefitting training facility, office space, educational classrooms, and assembly space with capacity for up to 500 people. 117 parking spaces are built on site.

Watertown Office Properties Acquired for $157.56 Million Clarion Partners has acquired the LINX in Watertown and the adjacent property at 480 Arsenal Street for $157.56 million. The Linx 185,000-square-foot Class A, LEED-certified creative office building now leasing located in Watertown steps from the upcoming Arsenal Yards mixed-use development. LINX Watertown features an open floor plan with high ceilings, extensive outdoor green space and regular shuttle service to Harvard Square. 480 Arsenal Street is located at 480 Arsenal Street in Watertown. The Class B Office building was completed in 2002 and features a total of 141,548 square feet. It sits on a 10.358-acre lot and is currently the headquarters for New England Sports Network (NESN).