The Future of Downtown Boston
Posted on August 19, 2014 by Adam Burnham
The other day we were fortunate enough to be involved in the Future of Downtown Boston Summit, held at the Hyatt Regency in Boston. The event was organized to bring together local business leaders dedicated to supporting the economic growth of Boston’s Downtown Crossing area.
As a longtime resident of the area – our world-class data center is located at One Summer Street – Markley Group is dedicated to supporting efforts to promote this area of Boston; it truly is an excellent location in which to live and work, with several new business and residential developments, numerous new restaurants, coffee shops and retail stores recently completed or in the works. There is even a grocery store on the way. The Downtown Crossing area is bursting with vibrancy and an overwhelming feeling of renewal.
The summit brought together area leaders, such as The Druker Company, Ltd.’s President, Ronald M. Druker, Millennium Partners’ Boston Principal Anthony Pangaro, New Boston Fund’s Kirk Sykes, Emerson College’s AVP, Margaret Ann Ings and the President of the Downtown Boston Business Improvement District, Rosemarie Sansone. The speakers discussed the history of the area, new developments on the horizon, and challenges and growth opportunities in the area. Anthony Pangaro called the area the “heart of the city.”
A few facts about the Downtown Crossing area:
- The area officially obtained status as a Business Improvement District (“BID”) in 2010 and is the first BID in Boston.
- $2.4 billion has been invested in the area in the past decade – from new residential units, restaurants, bars, theater restorations, college facilities and lecture halls.
- In addition to being the center of telecommunications and Internet connectivity for New England, Downtown Crossing is also the center of transportation in the city, with the subway and bus lines converging in the area. As Ronald Druker stated, “There are three thing that are important in real estate: transportation, transportation, transportation.”
- New mixed-use projects valued at nearly $800 million are either currently underway or on the verge of commencing, including the development of the Filene’s building, the 235-room Godfrey Hotel and Millennium Tower.
While many know One Summer Street has been a center for communications and technology for over a decade, the Future of Downtown Boston discussion presented an interesting and informative view into the area’s rapid development into a residential, commercial and cultural center. We were happy to be a part of the event. Thanks to Bisnow for organizing it.
At Markley Group, we are dedicated to supporting the growth of the area we call home and would love to hear from you at email@example.com. If you’re thinking of becoming a neighbor or are a neighbor interested in learning more about the area, our facility or how cloud and data center services can help you, please feel free to contact us.