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TightBoysenberry_ t1_j56c9z1 wrote

Can't wait for all the hearings on this that remove all the residential units.

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kevalry t1_j56ovur wrote

Another sign of gentrification. We need to stop this madness of adding new tall buildings.

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dpm25 t1_j56qzpu wrote

But where will all the BPD HQ employees park now??

You cant take their sidewalk away!

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ShriekingMuppet t1_j5704ih wrote

Im sure the board will demand its scaled back to 40 multimillion dollar condos so extra cars don’t ruin the character of the neighborhood.

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RoaminRonin13 t1_j5715e9 wrote

Replying to 3720-To-One (#1,419,580)

As much as private equity will finance.

We’ve had companies leasing and fitting out lab space they don’t have the staff to fill for years. They lease space in a new building based on the investment money they’ve received and their hopeful projection of “maybe someday” growth. Then some amount of their space is either empty or gets sublet to a smaller start-up.

At this point labs aren’t really coming out of the ground without an anchor tenant - things are going on hold or dying outright, as the developers tighten up and wait to see what 2023 brings. There are still tenants looking for space, tho - life science is a thriving industry in Boston, and you can’t do lab work at home.

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RoaminRonin13 t1_j5726br wrote

Replying to 88stardestroyer (#1,419,991)

Sure, but some others are still looking for space.

The developers don’t want to spend money in 2023 unless there’s a tenant, and plenty of companies are tightening their belts or seeing investment streams dry up. But others, like some institutional tenants, are planning for 2024 and beyond in terms of their space needs.

I don’t disagree with you that the book may be over, but you’re right that it isn’t crashing either. Life-science has dramatically cooled in just the last 4-6 months. We’ll probably not have a good sense of how things look until 6+ months from now.

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defenestron t1_j57abfs wrote

Replying to dpm25 (#1,419,967)

They now park on Tremont street in front of the BPD Headquarters.

Traffic doesn't seem impacted by the loss of a traffic lane, but the low-level corruption is even more obvious as there's dozens of No Parking/Tow Zone signs being flagrantly ignored. Still an improvement over the sidewalk, I guess.

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willzyx01 t1_j57m13g wrote

But my sunlight. We must protect the Boston sun.

/s

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StarbeamII t1_j57m9or wrote

Replying to kevalry (#1,419,711)

This backwards attitude right here is why our rents are so high and why there's so much displacement. More tall buildings full of residential housing put downwards pressure on housing prices and reduce displacement.

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MeddlingMike t1_j57ocwk wrote

They’ve been floating plans for that space for over a decade and I have yet to see them break ground on any of it. I’ll believe it when I see it.

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Chippopotanuse t1_j5a0nz1 wrote

Replying to 3720-To-One (#1,419,320)

If you prefer blighted storefronts, a stagnant economy, and a raging drug crisis - may I interest you in either a time machine so you can go back to 1970’s Boston?

More lab space is simply a function of a science and tech based workforce that Boston has (and that workforce is a function of all of the world-class colleges, universities, and hospitals that Boston has).

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