News headlining CRE last week: The Massachusetts city that’s thriving and more must-reads
Apr 4, 2016
Here are the news stories you might have missed last week:
The New York Times: A red carpet for Amazon in Fall River, Mass., and hopes for more
Though the big news for Fall River, Mass. is Amazon coming, local officials aren’t content quite yet. They’re hoping the addition of a 1 million-square-foot distribution center will help bring more redevelopment to this former textile town. The city isn’t far from Providence, and the mayor and other officials want to create a place that’s attractive to young professionals. So far, it seems to be working – office space is being leased, new multifamily development is coming soon for the first time in a generation, and industrial zones are being built. See what’s happening in the Massachusetts town that’s reinventing itself at NYTimes.com.
Miami Herald: Downtown Miami ushers in new hotel boom
There’s nothing like South Beach but there’s renewed hope for Downtown Miami. The new Langford Hotel, which just opened its doors, is part of the next big thing for the area, as developers and other officials hope the hotel and others like it spur new development. Downtown has seen renewed interest by residents in the last 10 years, and tourists are increasingly interested in staying in the area, which is driving this hotel growth. Could Downtown be the next South Beach? That’s what many have in mind for this vibrant community. Read more about the development in Downtown Miami at MiamiHerald.com.
Denver Business Journal: Colorado Rockies real estate is no steal
Coors Field is a popular spot not just for a ballgame, but for real estate — a recent study found that real estate values around the stadium are 33 percent higher than other parts of the metro area. The same can be said about many baseball stadiums around the country, such as in the Bronx near Yankee Stadium. Generally speaking, new stadiums pull up local values, which is good for investors. These areas can be prime for redevelopment and new business opportunities. To read more about these findings, visit BizJournals.com.
Curbed: Treasure Island transformation begins
Treasure Island will really live up to its name soon. Early construction has begun on the island, which is home to a multi-billion dollar redevelopment plan that will add new residential buildings, hotels, and other commercial developments. Treasure Island sits between San Francisco and Oakland and it’s now home to just a few residents and businesses, but that’s soon to change as construction ramps up. By 2030, Treasure Island will feature multifamily high-rises, hundreds of hotel rooms, and plenty of opportunities to shop, eat, and enjoy. Learn about the new Treasure Island at Curbed.com.