Gerding Edlen and Boston's Tech Interest
Aug 28, 2012
With the tech industry’s hopes toattract talent by moving to urban cores, Boston is seeing increased interest by technology firms that have traditionally preferred the West Coast or sprawling campuses in the Massachusetts suburbs, writes Casey Ross of the Boston Globe.
Boston and Cambridge are becoming more attractive to companies because of their growing supply of restaurants and retail shops, as well as new residences that allow workers to live within a short walk of most stops in their daily lives. According to real estate executive Roy Hirshland, the area is developing the social and professional organizations that have made Silicon Valley so attractive to technology firms and their workers.
Recognizing the opportunity, a number of real estate companies are increasing investments in Boston, including Gerding Edlen, which started construction in July of its first new complex in Boston, a 200-unit tower along A street in the Seaport.
“I think Boston’s mayor [Thomas M. Menino] is hoping the growth of the technology community will help keep students and start-ups here, so they can stay in the urban core and grow,” said Hirshland, chief executive of T3Advisors, a real estate firm that represents technology tenants. “And Ifirmly believe that is going to happen.”