News: Owners Developers & Managers

Sea levels reaching new heights - by Rick Kaplan

Rick Kaplan, NEREJ

After seeing the effects of our first major snowstorm of 2018, we could be in trouble. Sea levels are rising and developers are constructing buildings close to our coastline. The ocean and the coast have always been a great attraction and nobody wants to give it up, so how do we save the coastal properties from floating away? Many scientists and developers have worked on ideas that will protect the coast, existing properties as well as future projects.

UMass has a team that had studied some of the solutions, one being a barrier in Boston Harbor and the coastline from Winthrop down to Hull. Building a barrier has a couple of things that need to be considered one being the tremendous cost, the other is the ecological effects. 

Another idea is to convert some of the city streets into waterways like Venice. Now that is a crazy idea, but it would be a nice way to tour around Boston!

The idea that has made the most sense for the coast and Boston Harbor is called the Metro Boston Dike Lands. Peter Papesch, AIA of the Boston Society of Architects says this could have great economic benefits. The dike would extend from Swampscott to Cohasset and could create new buildable land which will bring investors to help pay for the project.

I am sure there are many other ideas that could be researched, but whatever the solution, it must be in place to protect the coast for centuries and not just a temporary fix. The issue of rising sea levels and storm surge is not going away and we have no choice but to address it. If we don’t solve the issue sooner than later all of us that live inland will have ocean view properties. In 20 years, that might increase my property value, maybe we should keep it the way it is!

Rick Kaplan is the event coordinator at the New England Real Estate Journal, Norwell, Mass.

MORE FROM Owners Developers & Managers

Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI

Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.
New Quonset pier supports small businesses and economic growth - by Steven J. King

New Quonset pier supports small businesses and economic growth - by Steven J. King

Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.