Downtown by foot

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NAIOP’s guided tour through Downtown gave colleagues and industry professionals an up close and personal look at Boston’s newest projects.

The event began with remarks by Boston Chief of Economic Development John Barros. He encouraging the real estate community to look beyond the deals. Barros said that “it’s important to connect the dots between an active streetscape, employment, and affordable housing.”

Steve Faber of Related Beal began his presentation on Congress Square with some history. “For forty years this was Fidelity’s headquarters,” Steve said. “It was tightly secured. Our redevelopment will bring new uses and an active streetscape to one of Boston’s most visible addresses. The completely repositioned buildings will draw pedestrians and create a festive atmosphere with great public access.

“It’s all about resurgence,” he continued. “This is where Fidelity began the mutual fund industry and housed their main frames. The buildings have tremendous infrastructure. We’re bringing a new kind of innovation to the site.”

The tour continued on a steamy afternoon to One Greenway, The Kensington, Millennium Tower, and Lafayette City Center. Arnold Worldwide has leased the top three floors at Millennium Tower and part of a fourth. AOL will take a partial floor as well. Dublin-based mega retailer Primark is opening its first US store here.

Marc Goldstein of The Abbey Group spoke on the transformation of Lafayette City Center from the office and retail building’s bold new lobby. “When State Street decided to leave we seized the opportunity to make changes that appeal to new age tenants. Together with ADD Inc we made the lobby open and bright, adding space and a shared conference facility.”

Carbonite is moving here in October. JLL represented owner The Abbey Group and Carbonite on the 50,000 square foot lease. Our Project and Development Services group has begun the fit out of the online backup company’s new industrial chic headquarters.

The walking tour ended with drinks on the roof of the Sports Club LA overlooking the Boston Common. The buzz was all about the city’s sweeping transformation.

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Related Beal’s Steve Faber

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Presentation at LCC

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