🏙️ Mayor Michelle Wu expanded Boston's office conversion program to include dormitories for students or workers.
The expansion waives the city's 20% affordable housing requirement for developers building student or employer-sponsored housing.
City Hall received 15 applications to convert 20 office buildings into nearly 800 housing units.
🏢 New York Life put its 11-story One Bowdoin Square office building near Government Center up for sale.
The 141,800-square-foot building, last sold for $61.8 million in 2016, could now fetch about half that price.
💸 A vacant retail and office building at 399 Washington Street in Downtown Crossing sold for $13 million — 80% less than its $63-million sale price in 2017.
The ground floor has been empty since Barnes & Noble left in 2006.
🏗️ Suffolk Constructionpromoted Patrick Lucey to general manager of its Northeast region after his 20 years with the company.
He led projects including the Mandarin Oriental, Millennium Tower and Encore Boston Harbor.