Regions Northeast | Boston
Mass. Mixed-Use Project to Create 2,000 Jobs
June 13, 2008
Source: Boston Business Journal

An up-and-coming mixed-use project is expected to create 2,000 jobs in Foxborough, Mass., over the next year. Patriot Place, a 1.3 million-square-foot retail and hotel facility, is being backed by New England Patriots owner Robert Kraft and already has a slate of stores open, including Staples, Circuit City, and Christmas Tree Shops. More than half of the project's 70 stores are expected to be open by September.

Retailers seeking to hire include the CBS Scene Restaurant & Bar, a tri-level, 15,000-square-foot restaurant and entertainment venue, which according to the Boston Business Journal needs to hire 150 workers.

 
Recent Boston Headlines
Slowdown Ties Up Boston Builders
Dec. 01, 2008
The combination of Boston’s softening leasing market and the restrictive debt market will create high hurdles for office development through most of 2009. “A lot of (projects) may sit in limbo,” said Stephen Brodsky, senior vice president and head of Grubb & Ellis Co.’s Boston regional office.
Redevelopment Authority Approves 4 Boston Projects
Nov. 18, 2008
Boston Mayor Thomas Menino announced that four projects totaling more than $75 million in private investment have received approvals from the Boston redevelopment authority’s board of directors.
cira south Credit Crunch Gives Blue Chip Builders the Blues in Boston, Philadelphia
Nov. 07, 2008
As if more proof were needed that the lending environment is hammering even top-of-the-line development, project backers in Boston and Philadelphia have acknowledged that the capital markets crisis is forcing them to put some of those cities’ showcase projects on hold.
Cabot Properties Gets $65M Financing for 2.4M-SF Industrial Portfolio
Nov. 03, 2008
Cabot Properties Inc., the Boston-based private equity real estate firm, has managed to get its hands on $65 million in financing for a group of 14 newly acquired industrial properties.