The agreement also calls for GE to reimburse MassDevelopment $87 million, which include the purchase the two brick buildings and land as well as construction and other financing costs.

The Hampshire Companies and Harrison Street say they plan to announce several additional self-storage development projects in the coming months in the aforementioned Boston to Washington, DC corridor

The project now named The Green on Campus Drive, reportedly valued at approximately $100 million, will consist of five buildings with 1,605 beds—single-occupancy rooms for residents—as well as a parking structure.

Following the Chicago-based firm's purchase of 50 Post Office Square in December 2015 for a reported price of more than $290 million, the firm's capital improvements at the property have paid dividends.

The e-commerce giant in a statement released today, while praising Cuomo, de Blasio and others, cited the vocal opposition by some political and civic leaders as the reason for its decision.

The development was financed through a mix of public and private investment from HPD's and HDC's M2 program, Wells Fargo and Goldman Sachs.

The New York City metropolitan area remained the top market in the US with $28.7 billion in commercial/ multifamily construction starts, an increase of 10% after posting a 13% decline in 2017.

The commission's report states that accountability and transparency has not meaningfully improved since its 2016 report was issued.