New Balance New Address For Boston Headquarters

New Balance Boston headquarters to move to new building.

For the move of NB, the whole society is generally optimistic. It may be because the public transport in Boston is too bad. Ali Carter, executive director of a company, expressed optimism: "NB has been actively promoting this project and has done a lot of residents' investigation."

Examples of enterprises building public projects are not uncommon. We have reported before. IKEA Build subway lines.

It is reported that the headquarters of New Balance in Boston will be relocated to the new building, while supporting a self built commuter rail line linking Boston and Wooster. The construction of this line will cost NB 1400 to $16 million, and it will bear the cost of maintenance within ten years after the railway is opened. It is expected to be completed in the autumn of 2016.

The spokesman said Company headquarters Within the radiation range, we hope to build a Google community. There will also be The Inn Boutique, stadium, apartment building, ice rink, and 80 thousand square feet of retail space, including New Balance concept store.

Speaking of why we need to build railway lines, NB spokesman said: "it's time to give back to society." But things are not that simple. NB In 2013, the company established its own real estate development company, the English name is NB Development Corporation. In addition to this Boston Landing project, NB real estate development company's services include commercial real estate development, licensing, construction management, leasing business, property management, marketing and so on.

Of course, there are also reasons for the incompetence of the Boston government. The old railway system is often unable to travel in the snow, which is often a disaster in the winter, where snow often reaches 100 inches (2.5 meters) above Boston. Owing to poor management, it owed us $9 billion in debt. The city needs more public transport, but the government has nothing to do: it also compressed 26 million and 14 million dollars from the public transport development department and the Massachusetts Bay transport fund.

However, as a government, it is certainly willing to see such a situation. A few days ago, the Massachusetts Bay Transport Bureau and NB real estate development company have signed relevant agreements, and the Boston Landing project has officially broken ground.

The development of Railways will naturally raise the value of the surrounding real estate. But it is also unavoidable for NB to worry about the problem of risk and return. The company that built the monorail in Las Vegas filed for bankruptcy in 2010, and the builder of the South Bay Expressway filed for bankruptcy protection in the same year. Last year, the private sector of the Indiana highway also filed for bankruptcy.