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IncSmart Massachusetts (Small Business and Startups) - Fort Point in Boston is getting new lifeline. GE and Amazon are moving staff into their new offices. Amazon to bring 900 employees, and GE will bring 800 employees. Neighborhood foot traffic will increase substantially in 2018. Along with GE offices, it is planning on opening a museum and a coffee shop. The demand for commercial storefronts is causing an increase in rents for tenants on this once empty neighborhood. The Boston Planning & Development Agency is also awarding five grants totaling $50,300 to groups at Ft Point for art and education that will benefit the general public.
Business retailers are ready to open restaurants and bars for the new GE and Amazon employees. Ft Point has historical streets and architecture from closed textile factories. The neighborhood also has a large artist community. Business retailers are worried however that waiting too long can mean losing out on prime storefronts spaces paying higher rents. Thousands of new workers are coming. On top of GE and Amazon, the employees will increase from the new retail in the area.
By IncSmart Staff Writer
Think Smart. Think IncSmart.