What was your most notable project, deal, or transaction in 2017? In 2017, LBC Boston began work at 1500 Hancock St. in Quincy on the Nova Residences, a cornerstone project for the city’s downtown redevelopment plan. The 153,000 s/f mixed-used development provides continuity to this commercial corridor, as well as connectivity to other development parcels and a parking garage all meant to coalesce as part of the Hancock Lot redevelopment master plan. The project includes 15,000 s/f of retail and restaurant space supporting 171 apartments above. A large glass atrium and circulation space will connect the apartment building, Hancock St. and the future public space and parking garage.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and