Click here for full article Note: article is a 935kb Jpeg "Typically Cummings Properties developed buildings up to about 250,000 sf. The Shoe was almost five times that size and, indeed, one of the largest rehabilitation projects in the country." "Today, fully renovated and 78% occupied, Cummings Center has been deemed a success. Its range of corporate, technology and research tenants runs in size from a few hundred feet to 150,000 sf. Not many sites in the country are quite as notable as Cummings Center in terms of overall size, historic signifigance and public sentiment." "By offering amenities such as health clubs, day care, travel agencies, dry cleaning, restaurants, postal services, hair salons, medical offices and even a choice of full-service banks, the developer has created a level of comfort not normally available in most free-standing work environments." Real Estate Forum "A factory in Beverly, Massachusetts that architecture critic and historian Ada Louise Huxtable calls 'the single most important and generally unrecognized, concrete landmark in this country' has been rescued from abandonment, restored, and converted into a thriving office research park." "Given the condition of the complex at the time of acquisition, the Cummings Properties renovation required a combination of astute economic evaluation, risk tolerance and civic pride." "Having turned this apparent white elephant into a successful development project, utilizing tax incentives and other government inducements as well as their own financing (no bank would provide funds), the Cummings organization hopes that its success might inspire other developers to assume the many challenges of restoring our abandoned industrial buildings."
Concrete Industry Board Bulletin
"In what would be one of the largest office projects in Greater Boston in years, Cummings Properties is preparing to develop a 548,000 square foot structure along Route 128 in Woburn..."
"Trade Center Park features an expanse of vacant land fronting the highway [128/I-95]. That's the dominant thing about it... it would be extremely visible from the highway."
"'They've got a great track record,' said a broker familiar with the Trade Center Park project. 'They always seem to find a way to get it done.'"
Joe Clements
"Cummings Properties has already announced its plans to build a 548,000 square foot luxury office building at 100 Sylvan Road." "A new site plan for the property shows an impressive seven-story building running mostly parallel and fairly close to Routes 128/I-95." "Because of the high quality building and superb location, he said, it would be a signature building for the steadily growing local firm, which started out at 10 Henshaw Street, Woburn, in 1966." Daily Times Chronicle
March 2, 1999
"The Shoe is now the Cummings Center, saved, restored and transformed, shrewdly and sympathetically, into nearly 1.4 million square feet of handsome commercial space for business and industry."Cummings Center is "the single most important and generally unrecognized concrete landmark in this country." "...it has been a miraculous rebirth. For those who prize an architecture still invisible to many and treated as expendable by most, this is more than a success story; it is a dream come true." Ada Louise Huxtable
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John LoDico |
"Governor Weld led a cadre of public officials and business leaders in saluting the revitalization and the creation of an estimated 3,500 new jobs at the 1.4 million-square-foot facility, believed to be the first and largest concrete industrial site in the United States when it was built in 1903."
"'The Shoe was a huge economic engine for the commonwealth,' Weld said of the site's thriving history in shoe machinery. ' We are trying nothing less than to revive the pride and patriotic legacy of manufacturing throughout Massachusetts... The history of 'The Shoe' [shows] the great employment possibilities manufacturing can provide.' "
Kathy McCabe
The Boston Globe
October 26, 1995
"Cummings Properties is also now developing New England's first major speculative office building since the last recession. The seven-story, 70,000-square-foot building at 18 Commerce Way in Woburn will be ready for occupancy in August 1996." "'We are in the service business and we have got to be accessible at all times,' Cummings said." Upendra Mishra |
"A cash and carry approach to construction, much of it done by (Cummings') own maintenance and property management, has left the company virtually debt free."
"Cummings... seems to have a knack for helping uninitiated tenants plow through the mysteries of leasing. He will sit the prospect down in a conference room and in 45 minutes lay it all out from soup to nuts, the full picture."
Woburn (781) 935-8000 | Beverly (978) 922-9000 |