X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-As part of city Mayor Thomas M. Menino’s new economic development initiative–called the Back Streets program–the Boston Redevelopment Authority has released a request for proposal to develop an 83,000-sf building on a 150,000-sf parcel here.

The program was developed to retain and grow the city’s small and mid-sized industrial and commercial businesses. According to a released statement, these companies provide the city with over 100,000 jobs and the program will provide these companies with financial help, technical assistance and general support to enable them to remain in the city and weather the economic slowdown.

In keeping with this initiative, Meredith Bauman, spokesperson for the BRA, tells GlobeSt.com that the RFP is being issued with favorable consideration to maritime industries. The building is currently occupied by Boston Sand and Gravel–a company that provides concrete to the Central Artery project–whose lease on the property is up within a year.

This RFP is also part of the one of the goals of the mayor’s program, which is establishing a policy of no net loss of industrial space in the city. Bauman points out that this means that if Boston Sand and Gravel vacates their space, the city will not allow the building to be converted to office space. “We won’t turn our back on these industries,” says Bauman. “Industries for years to come will have a place here.”

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. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

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.