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.
Save the Children Federation said it was the victim of a $1 million cyberscam last year.Continue reading »
Boston aims to strike a balance as major development plans for Suffolk Downs move forward.Continue reading »
Owners of smaller toy shops are devising clever ways to compete with Amazon and big box retailers, after the demise of Toys “R” Us and with the arrival of the holiday season.Continue reading »
Delta unveiled ambitious plans on Monday to fulfill the pledge its chief executive made last year, plans that will make Logan the airline’s fastest-growing airport in 2019.Continue reading »
When they arrived at the Dominican resort, they were told they owed almost $10,000 more upfront for food and drink and could not check in until they paid up.Continue reading »
Timothy Springer invested $5 million in the startup’s early days. His windfall is one in a series of savvy investments.Continue reading »
Two new Boston complexes aim to maximize space in parking garages through automation.Continue reading »
The maximum cost will rise to $6.84 per check, up from $5.71 in 2014, the largest increase in five years.Continue reading »
It’s possible to return to the flip-phone era without leaving society. Really.Continue reading »