Real Estate Inc: Boston Edison’s long road to LOI; Davis’s Seaport deal; Drift sublease

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Real Estate Inc.
In a shift, city seeks early community buy-in on Boston Edison site A year after acquiring the 15-acre Boston Edison power plant site in South Boston, Hilco Redevelopment Partners and Redgate Real Estate have participated in a robust community process — before they’ve even formally started the city’s development-review process.
Why the Davis Cos. is buying back into Boston’s Seaport District “It’s one of the most exciting innovation areas in the whole country," said Davis Cos. CEO Jon Davis.
Payless closing 11 stores in Mass. after filing for bankruptcy protection ​Payless Shoesource is closing 11 stores in Massachusetts, part of the Kansas-based discount-shoe retailer’s plan to shutter 400 stores after the company filed for bankruptcy protection.
CRV-backed Drift joins Fuze in subleasing Wayfair space The sales software company has taken over a whole floor in anticipation of future growth.
UPS adding Saturday services to 15 metros, including Boston ​UPS said Monday it’s adding some Saturday services to 15 U.S. cities, including Boston.

Wicked Green: Boston takes lead role for LEED-certified properties NBCUniversal seeks to build $125M regional HQ in Needham Simmons College making ‘once-in-a-lifetime’ redevelopment play VR batting cages and lobster poutine: Fenway Park unveils offseason improvements

REGIONAL NEWS Atlanta Prologis’ Ryan Hoyt top industrial producer with $81 million volume Atlanta Amazon leasing more than 800,000 square feet in Jackson County New York Lord & Taylor may turn its 103-year-old landmark store into a steel-and-glass skyscraper New York Webster Hall, go-to venue for stars like Elvis, Bob Dylan and Tina Turner, has been sold New York Ralph Lauren to close up shop on Fifth Avenue  

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