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Boston, July 20, 2018

TAXES

Members of the state House and Senate settled on a $41.9 million annual state budget, which includes a measure that would allow the Massachusetts Department of Revenue to evaluate the state’s business tax break. According to a report from MassBudget in 2016, the state spent over $billion on industry specific tax breaks in 2016. Read more at the Boston Business Journal.

 

DEVELOPMENT

Developer HYM Investment Group announced plans to add a public park component to its redevelopment project of the 16.5 million-square-foot Suffolk Downs racetrack in East Boston. The intention is to create bike baths and walk ways that will connect to the new site. Read more at Curbed Boston.

 

RESIDENTIAL REAL ESTATE

Two projects were approved by the Boston Planning and Development Agency this week that will bring a total of 786 residential units to the Herald Street corridor. Working alongside, the Chinese Consolidated Benevolent Association of New England and Boston Chinese Evangelical Church, The Davis Cos. will develop a 13-story, 313-unit residential building at 112 Shawmut Ave. And, National Development will construct 7INK, a 14-story property at Ink Block set to include 250 residential units and 327 co-living spaces. Read more at BisNow.

 

 

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Our Most Recent Features

Boston, July 20, 2018

TAXES Members of the state House and Senate settled on a $41.9 million annual state budget, which includes a measure that would allow the Massachusetts Department of Revenue to evaluate the state’s business tax break. According to a report from MassBudget in 2016, the...

Boston, July 18, 2018

HEALTHCARE Cambridge-based Moderna Therapeutics opened its new $110-million, 200,000-square-foot facility on Upland Road in Norwood, with another 13 acres on the property to accommodate its further expansion planned in the coming years. The biotech startup will use...

Boston, July 17, 2018

DEVELOPMENT National Development has received approval from the Boston Planning & Development Agency for its plans to construct a 14-story, 150-unit co-living complex at Herald and Albany streets in the South End. The focus will be on small living spaces that are...

Boston, July 16, 2018

STARTUPS In the first half of 2018, 311 Boston companies have raised $6.1 billion in venture capital. Nationally, 3,912 companies received a total of $58 billion. Read more at American Innovation.   RESIDENTIAL REAL ESTATE With work expected to be complete in 2019,...

In Case You Missed Them

Boston, July 12, 2018

TAXES The State House has approved an amendment to an economic development bill that would suspend the state’s 6.25 percent sales tax annually on the weekend of Aug. 11-12 starting next year. Earlier this month, Gov. Charlie Baker signed the legislation, which will...

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Boston, July 11, 2018

DEVELOPMENT Skanksa USA has started construction on its $128-million, 225,000-square-foot mixed-use building, Two Drydock in the Seaport. Upon completion at the end of next year, the project will include office space on the upper floors, 9,500 square feet of...

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Boston, July 10, 2018

RESIDENTIAL REAL ESTATE Woburn-based Joseph Nogueira has proposed a five-story, 55-unit apartment complex on Maverick St. in East Boston that would include 3,100 square feet of retail space, some which would preserve the existing Swish & Swash Laundromat and Maverick...

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Boston, July 6, 2018

DEVELOPMENT Boston will begin a major overhaul of the City Hall Plaza later this year with an estimated completion in 2024. Plans include seasonal fountain and tree-shaded gathering spots as well as a renovation of the North Side entrance to the building. Read more at...

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