Why Downtown's On A Long-Term Growth Track

It was a full house at our Future of Downtown Boston event at the Boston Seaport Aloft, where our speakers stressed the resiliency of Downtown even in the face of future economic bumps in the road (and there are always going to be some).

Photo credit: Bisnow

Simple growth is part of the resiliency: the city will have at least 709,000 residents by 2030, an increase of 8% from the current population. Moreover, Millennials aren't the only demographic that needs housing; the city is bursting with empty nesters and families choosing an urban lifestyle. Snapped: Nixon Peabody partner Larry DiCara giving the event's opening remarks.

Photo credit: The HYM Investment Group

The HYM Investment Group's Tom O'Brien, one of our speakers, had an announcement to make: HYM and National Real Estate Advisors are calling the Government Center Garage redevelopment Bulfinch Crossing (pictured in a brand-new rendering). It's a fitting name, since it's within what has historically been known as the Bulfinch Triangle, an area originally planned by America’s first architect, Charles Bulfinch.

Photo credit: The HYM Investment Group

One of the essential first steps in the redevelopment is underway: The reconfiguration of a portion of the garage’s interior layout is under construction, while the garage remains open and operational. The picture above shows deconstruction of a ramp, as part of the garage traffic flow reconfiguration.

We will have more coverage of the Future of Downtown in our next newsletter.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Boston Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Boston Property Owners Raise Alarms About Cost Of Electric-Building Push

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines