X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-Pappas Industrial Properties has decided to change its plans for the Court Square Press building located here in south Boston. The company had originally planned to redevelop the building into office space but has recently decided to develop residential space in the building instead.

Bill Vrettas, vice president of the company tells GlobeSt.com that the change is “due to the marketplace. The company feels there is not much demand for office space.” According to Vrettas, the plans for the residential space are still being worked on but he says that there will be market-rate condominiums and “possibly another component” but he declined to specify what that would be.

The building is currently zoned for office space and Pappas will be presenting its plans to the city’s zoning board of appeals in a month. Vrettas adds that the company has no estimates yet on how much the project will cost.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.