Meade of BRA speaks at Colliers' Mid-Year Market Overview

June 20, 2013 - Construction Design & Engineering
BRA director Meade addressed over 300 real estate and business executives at Colliers International Mid-Year Market Overview. Among the highlights: Boston added 11% of its total s/f in the last 20 years * Nearly 80 million s/f of new development * 21,618 units of housing * 7,140 hotel rooms * 9.4 million s/f of office space Under Construction Now * $6 billion * 15.7 million s/f * 63 projects * 6,827 residential units A Sampling of Major Development Projects Coming Online through 2014: * Allston/Brighton: Charlesview Residences, Harvard Business School Tata Hall * Back Bay: Liberty Mutual, Berklee College of Music, Exeter Residences * Bulfinch Triangle: The Victor * Chinatown: Hong Lok House * Downtown Crossing: The Kensington, Millennium Place, 120 Kingston * Fenway: Marriott Residence Inn * Innovation District: District Hall, Marriott Residence Inn, 381 Congress St., Boston Wharf Tower, Waterside Place, State Str., Vertex Pharmaceuticals, 411 D St., 100 Pier 4 * Roxbury: Dudley Municipal Office Building 35% of Bostonians (ONEin3) are between the ages of 20 and 34. This group is diverse, highly-educated, and keenly aware of its carbon footprint. * Higher than any other city in the nation. * 1/3 own their own home. * Drove 75% of Boston's population growth between 2000 and 2010. * 32% speak a language other than English at home *26% were born outside the U.S. * Nearly 60% walk, take the T, or bike to work. * Hold half of the bachelor's degrees in Boston.

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