CEO Report Boston
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Leggat McCall and Bentall Kennedy have broken ground on development of The Smith, a mixed-use, two-building project at Dedham and Albany Streets in the South End. Plans call for 650 apartments, 76,800 square feet of office space and 19,700 square feet of retail and culture space. Read more at Curbed Boston.
Bellevue, Wash.-based Smartsheet announced it will add an additional 300 employees to its Boston office. The work management software provider is tripling its office space from 20,000 to over 62,000 square feet to accommodate a total capacity of 450 staff members. Read more at American Innovation.
Boston-based Mabl Inc. closed it Series B round of funding with $20 million in investments led by GV, the venture capital arm of Google’s parent company, Alphabet Inc. The Boston-based startup also launched an enterprise version of its corporate software code for web applications. Read more at the Boston Business Journal.
Research firm eMarketer released a report in which it predicts Amazon will grow its share of the US digital ad market to 4.2 percent, putting it in third place behind Google and Facebook. The ecommerce giant’s mobile ad sales this year are projected to increase $500 million from the year prior to $1.6 billion. Read more at CNN.
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TRAVEL According to a new study from EducatedDriver.org, Boston is the 29th worst among U.S. cities for the time residents spend commuting to work. The average Bostonian has a round-trip daily commute of 64 minutes, equating to an average 500 days spent commuting in...read more
INNOVATION Stratolaunch Systems will launch a line of the largest planes ever built within the next two years. The company’s 550,000-pound, 385-foot wingspan Stratolaunch airplane will be capable of transporting 550,000 pounds. It’s currently undergoing the last few...read more
DEVELOPMENT Boston-based MG2 Group is working on a plan to build a 10-story, mixed-use building at East Boston’s 2-10 Market Square on the site of a 0.17-acre parking lot. While the developer has not filed formal paperwork, plans include ground-floor retail space...read more