News: Owners Developers & Managers

Topping off held for Genzyme's 86,000 s/f addition - designed by ARC

A topping off ceremony was held recently to celebrate the placement of the last piece of steel on the 86,000 s/f addition at Genzyme's landmark Allston Landing biomanufacturing facility along the Charles River, designed by ARC/Architectural Resources. The Allston expansion is the latest collaboration between ARC and Genzyme, a partnership that dates back to 1991 when ARC designed Genzyme's original Allston facility. Since then, ARC has designed more than one million s/f of new construction and renovation projects for Genzyme, including the brand new 177,000 s/f Science Center in Framingham, Mass. Over the last few years, Genzyme has expanded production at the Allston facility from four to six bioreactors by fitting-out two cell culture halls. The current expansion, slated for completion in spring 2010, is focused on adding space for manufacturing support functions, and will allow for the creation of 90 jobs. The expansion also includes a new, 26,000 s/f underground cogeneration plant that will generate steam to run the plant's process operations and will also produce electricity. Turner Construction Co. serves as the general contractor for the project.
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Barnat Development begins work on Phase II of Holmes Beverly - construction led by NEI General Contracting

Beverly, MA Barnat Development has begun construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station. The project is financed through the newly launched Holmes Opportunity Zone Fund, focused on investing in new multifamily construction projects across New England. $10 million of Holmes OZ Fund equity is paired with $21 million in long-term
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Columns and Thought Leadership
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

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