The site of the former Boston Globe headquarters on Morrissey Boulevard in Dorchester officially sold Wednesday for $81 million to a partnership formed by Burlington-based developer Nordblom Co. and Boston private equity firm Alcion Ventures, according to a registry of deeds filing.
Nordblom said it plans to convert the 16.5-acre site into a light industrial and office complex focused on technology and life sciences, along with restaurants, retail, and possibly a craft brewery.
“We’re excited about our purchase of 135 Morrissey Boulevard, the latest addition to our Boston portfolio,” Og Hunnewell, partner at Nordblom Co., said in a prepared statement. “We look forward to working closely with our neighbors and the [Boston Planning and Development Agency] to bring to life our vision of an urban innovation campus.”
Alcion declined to comment on the deal.
Nordblom filed plans in November with the agency for the 724,000-square-foot site, and has already begun the process of meeting with neighbors in the Savin Hill and Columbia Point neighborhoods.
In its notice, the company indicated the project would improve access between Savin Hill and the JFK/UMass MBTA station.
Boston Globe owner John W. Henry bought the Morrissey Boulevard property when he acquired the newspaper and its other operations in 2013 for $70 million. Two prior deals to buy the property fell apart in 2015 and in May of this year. In August, Boston Globe Media Partners announced it had a deal in place with Nordblom.
The Globe’s headquarters and newsroom moved in June to the Exchange Place tower at 53 State St. in downtown Boston. Its printing and distribution operations were relocated to a new facility in Taunton.
Although company officials said they remain committed to Boston, a restructuring would make GE a very different company than the one Massachusetts wooed here in 2016.Continue reading »
Unless Democrats and Republicans can resolve a long list of contentious issues by Friday, large parts of the federal government will stop working this weekend.Continue reading »
The consulting firm will grow its local workforce by more than 25 percent during the next three years.Continue reading »
Located about 1 mile from where the first one opened 68 years ago, this one is decidedly more modern.Continue reading »
Legislative negotiators expect to produce a measure within weeks to limit noncompete contracts in the state.Continue reading »
Investors fear that the restaurant’s struggles threaten to topple the Boston chef’s crown jewel.Continue reading »
The initiative awarded a $5.5 million grant to create a free, artificial intelligence-driven tool that would make millions of published findings easily accessible to researchers worldwide.Continue reading »
Amazon is on the hunt for as much as one million square feet of Boston office space. Could it be part of the company’s search for a site for its second headquarters?Continue reading »
The health care tech giant says about 2,000 employees will work in the new building by 2020.Continue reading »