The sun has risen in the west. Hell has frozen over. Pigs are flying.
And the non-profit Midway Artist Collective appears to have actually purchased 15 Channel Center in Southie’s Fort Point neighborhood for $20 million, preserving 89 units of affordable housing for artists in the process.
Two things appear to have made the once Mission Impossible possible: 1.) The previous owner itself was an apparently patient and sympathetic charitable foundation and 2.) the purchase of Midway studios was mostly funded through a $14.9 million HUD-insured mortgage.
A big congratulations to the Midway Artist Collective.
And this post will not self-destruct in five seconds. Over.
Photo via Midway Artist Collective.
OK, we can’t resist. Click below to hear the Mission Impossible ditty. … Dum dum da da dum dum da da …
Boston condo lofts
The Herald highlights a spectacular, 3,000-square-foot Fort Point Channel loft for sale – at an asking price of $1.649 million – with two deeded parking spaces, it should be noted.
Photo via Zillow.
Boston condo development
Here’s an interesting photo, via HB, of New England Development’s Pier 4 project in Seaport. Those are apparently beams that are helping stabilize the new “slurry wall” foundation of the mixed-use project that will eventually entail tearing down the old Anthony’s Pier 4 restaurant.
More Pier 4 construction photos at the HB site.
Don’t get us wrong: We’re very happy that PricewaterhouseCoopers LLP signed a lease that will enable construction to proceed on a new 17-story office building on Seaport Boulevard.
An extra 500 jobs? Welcome to Seaport, PricewaterhouseCoopers!
Still, the area is allegedly the “innovation district” and here comes an accounting firm to the area. Sure, PricewaterhouseCoopers has a pretty huge IT consulting business that overlaps with and complements its accounting services.
But is it really an “innovation” company? For that matter, is State Street Corp., another giant finance firm that’s also having new digs built in the Seaport area?
Again, we’re not complaining. It’s great the PricewaterhouseCoopers deal allows developers to proceed with a project that will create new jobs, boost property taxes, enhance the Boston business climate, etc. etc. It’s a huge plus.
It’s just that the name “innovation district,” while somewhat accurate, isn’t quite accurate.
File under: Innovative thought