News: Front Section

Impacts of climate change acknowledged in the planning process for municipal harbor plan

The Boston Redevelopment Authority (BRA) is in the process of conducting planning sessions for a proposed section of the Municipal Harbor Plan (MHP) for the Downtown Waterfront area and also working rezoning the entire Greenway, using the guidelines established by the Greenway District Planning Study. Beginning in March 2013, the BRA has established a Planning Advisory Committee which is in the process of holding public meetings to solicit comments from the public, including neighborhood residents and property owners. The area of consideration is within, but not including, Long Wharf to the Evelyn Moakley Bridge, and includes 26 parcels. The planning process is expected to take 18 to 24 months to complete. The MHP process is governed in part by the state's Chapter 91 Public Waterways Act and associated regulations which require all land on Commonwealth Tidelands to be used to promote the "public use and enjoyment," rather than to ensure private advantages of use. The entire area being considered consists of Commonwealth Tidelands, categorized as both "filled" and "flowed." Therefore, the planning for this area is subject to the requirements of Chapter 91 and any approved MHP. The impact of climate changes and the findings of the Report "Preparing for the Rising Tide," issued in February 2013 and sponsored by the City of Boston and the Boston Harbor Association, will also be part of the planning process; to specifically address climate change mitigation and adaptation measures and the City's Green Building requirements. Susan Bernstein is an attorney at law, Needham, Mass.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary