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Jul 01, 2023Boston-based real estate firm Rise has struck a deal for a 123-acre site in Braintree where it plans to build a campus for movie and television productions, reported the Boston Business Journal. The development construction firm has a purchase-and-sale agreement with Boston's Onshore Properties for Banner Parkplans to develop 272,500 square feet of office and industrial space for sound stages as well as pre- and post-production facilities.
The Business Journal reported that the move marks a new direction for Rise, which specializes in residential buildings in and around Boston but has branched out through a massive proposed development in Sullivan Square in Charlestown that is to include life sciences labs, office, residential and more.
"It is rare to have the opportunity to work with a movie studio component within such a dynamic campus," Rise founder Herby Duverné said in a statement. "Braintree is a wonderful community, and we are looking forward to the conversations with neighbors as we move forward with this exciting project."
Rendering courtesy of Gensler.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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