Public needs drive plans: Developers think beyond garage lot

Redevelopment proposals for the city-owned Winthrop Square garage feature impressive soaring skyscrapers that would reach new architectural heights in Boston's Financial District, but their mixed uses and public bene­fits are what's garnering kudos.

Plans include retail, restaurant, residential, hotel and innovation economy office uses to bring around-the-clock activity to the square, with other public benefits ranging from an entrepreneur innovation center to a public school.

"What impressed me about many of them were they just weren't about the building," said architect Tim Love, a Utile Inc. principal and Boston Society of Architects president. "They were thinking about Winthrop Square and that whole little neighborhood there, and they had a lot of positive things to offer."

Since the garage is city-owned, public benefits stand to carry more weight in the competitive vetting process by the Boston Redevelopment Authority.

"They certainly like public space," said David Begelfer, CEO of NAIOP Massachusetts, a commercial real estate development trade group. "They like the idea of energizing the ground-floor space. They want to tap into the whole Downtown Crossing and build on that."

How the buildings allow for public connections through long city blocks are among benefits the city should consider, according to Love. And hotel and residential uses — one or both of which are in all proposals — would help the Financial District become a 24-7, live-work neighborhood that would draw in more businesses, he said.

But stacking residential units over offices — as Trans National Properties, Lincoln Property Co., Millennium Partners and Lend Lease Development propose — is easier­ said than done, said John B. Hynes III, CEO of Boston Global Investors.

"There aren't a lot of successful examples," Hynes said. "To stack them vertically is a challenge. We went through that very exercise at One Franklin, then Vornado (Realty Trust) got cold feet on the residential and ... pulled the plug."

Still, he and Begelfer believe Steve Belkin's Trans National — which has had designs on the site since 2006 — has an edge over other teams because it can tie in its adjacent 133 Federal St. property. "We looked at (the site) at length 10 years ago maybe, before it went out to bid and Belkin got it (in 2006)," Hynes said. "It was clear even back then that the best use of that parking garage was to combine it with the Belkin site."

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Loss of Cape Wind sinks bid for marine terminal

A major port operator is no longer competing to run the state's New Bedford marine terminal — a $113 million taxpayer-­funded boondoggle — after the Cape Wind project folded.

"They had a good plan with the wind energy and that's really what we were banking on," said Frank Vannelli, senior vice president for commercial and business development at Logistec Corp. "But when the deal fell through, we just stepped back and we said, 'Let's take a look here at how we're spending our resources' and we decided to put it in a holding pattern."

Without Cape Wind as the main terminal tenant, a bid no longer made sense for Logistec, Vannelli said.

Executives with Cape Wind, who are planning to plant 130 turbines in Nantucket Sound, backed out of a two-year, $4.5 million deal to rent the 28-acre terminal after National Grid and Eversource terminated contracts to buy power from the wind project.

State officials have said a new lease is expected to fetch a lower price for the terminal, which is overbudget and months behind schedule.

Vannelli said the South Coast Marine Commerce Terminal could be conducive to smaller vessels with refrigerated goods, such as frozen fish and fresh fruit, because the area isn't optimal for larger container ships.

"Our organization is still very interested in what's going on in the port of New Bedford and I do think it has a role to play," he said. "I don't think that it's realistic to think that any of these smaller-sized ports would attract large container cargoes. The containers will go to the larger ports. They will go to New York. They will go to Boston."

The quasi-public Massachusetts Clean Energy Center plans to name a port operator by summer, but has yet to make public the three finalists.

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Seattle CEO to cut his pay so every worker earns $70,000

SEATTLE — A Seattle CEO who announced that he's giving himself a drastic pay cut to help cover the cost of big raises for his employees didn't just make those workers happy.

He's already gained new customers, too.

"We've definitely gained a handful of customers in the last day or two," said Stefan Bennett, a customer relations manager at Gravity Payments, a credit card payment processing firm. "We're showing people you can run a good company, and you can pay people fairly, and it can be profitable."

Dan Price, chief executive of the company, stunned his 100-plus workers on Monday when he told them he was cutting his roughly $1 million salary to $70,000 and using company profits to ensure that everyone there would earn at least that much within three years.

For some workers, the increase will more than double their pay. One 21-year-old mother said she'll buy a house.

At a time of increasing anger nationally over the enormous gap between the pay of top executives and their employees, the announcement received immense attention. But corporate governance professor David Larcker of the Stanford University Graduate School of Business said it's unclear if Price's unusual gesture will start a trend.

"It's an alternative way to think about a tough problem, and I give these guys a lot of credit for laying it out there," Larcker said. "Whether this would scale to a bigger organization, it's hard to know. But it's clever, it's interesting and it's fun to think about."

Washington state already has the nation's highest minimum wage at $9.47 an hour, and earlier this month Seattle's minimum wage law went into effect. It will eventually raise base hourly pay to $15.

Labor unions and workers in the Seattle area on Wednesday joined national protests for better pay. Drivers for Uber and Lyft — the app-based car-hailing services — gathered in Seattle, while airport workers rallied at Seattle-Tacoma International Airport. In Seattle, police arrested 21 demonstrators who opted for civil disobedience to dramatize their point, refusing to move out of an intersection at the conclusion of their march.

Gravity's CEO launched the company from his dorm room at Seattle Pacific University when he was just 19. He's long taken a progressive approach that included adopting a policy allowing his workers to take unlimited paid vacation after their first year.

"I think this is just what everyone deserves," Price told workers in a video of Monday's announcement released by the company.

But he also acknowledged it won't be easy: The increased pay will eat into at least half the company's profits, he said, and he has no plans to simply raise rates on clients.

"It's up to us to find a way to make it work," he said.

Bennett, 28, went to college with Price and has worked for Gravity since graduation. He said he was already happy to work for a company that treats its employees and customers well in what he otherwise considers a predatory industry. For him, the raise will amount to about $10,000.

"I don't care as much about the money," he said. "But if I look at my colleagues, and what they talk about on a day-to-day basis and what their concerns are — just looking at their faces when Dan announced the pay increase, it was pretty phenomenal."

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Nokia confirms acquisition of French telecommunications company Alcatel-Lucent

Photo by: 

The Associated Press

FILE - This Thursday, Jan. 29, 2015 shows the Nokia head offices in Espoo, Finland. Nokia says it is in advanced discussions to acquire the French telecommunications company Alcatel-Lucent. In a brief statement Tuesday, the Helsinki-based mobile technology concern said the two companies are in advanced negotiations "with respect to a potential full combination which would take the form of a public exchange offer by Nokia for Alcatel-Lucent." (Roni Rekomaa/Lehtikuva via AP, File) FINLAND OUT

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Nokia confirms acquisition of French telecommunications company Alcatel-Lucent

Photo by: 

The Associated Press

FILE - This Thursday, Jan. 29, 2015 shows the Nokia head offices in Espoo, Finland. Nokia says it is in advanced discussions to acquire the French telecommunications company Alcatel-Lucent. In a brief statement Tuesday, the Helsinki-based mobile technology concern said the two companies are in advanced negotiations "with respect to a potential full combination which would take the form of a public exchange offer by Nokia for Alcatel-Lucent." (Roni Rekomaa/Lehtikuva via AP, File) FINLAND OUT

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Asia shares meander as China GDP data disappoints

TOKYO — European shares rose early Wednesday on expectations that European Central Bank chief Mario Draghi will douse speculation over a possible early exit from the ECB monetary stimulus program that is due to last until September 2016. Shares fell in Asia, however, after China reported its economy grew at a 7.0 percent annual rate in January-March, the slowest pace in six years.

KEEPING SCORE: Britain's FTSE 100 rose 0.4 percent to 7,106.24 and Germany's DAX climbed 0.6 percent to 12,299.74. France's CAC 40 gained 0.7 percent to 5,253.07. Wall Street's outlook for the day was mixed, with S&P futures down 0.03 while Dow futures were trading 0.06 percent higher.

EUROPEAN CENTRAL BANK: Despite glimmers of improvement on Europe's horizon, Draghi, the ECB head is expected to tell reporters the central bank for the 19-country region using the euro will stick with monthly bond purchases meant to raise inflation from an anemic 0.1 percent.

THE QUOTE: "Ahead of European trade, we are looking for mild gains in the major bourses," Stan Shamu, market strategist for IG, said in a commentary. He added that "Mario Draghi could make some positive commentary around signs of improvement in the economy."

CHINA DATA: China's economy cooled further as manufacturing and retail sales slowed in January-March, raising pressure on Beijing to keep the world's second-largest economy on track. Growth fell to 7 percent from the previous quarter's 7.3 percent, the weakest performance since it tumbled to 6.1 percent in the first quarter of 2009.

ASIA'S DAY: Japan's Nikkei 225 stock index fell 0.2 percent to 19,869.76. Hong Kong's Hang Seng recovered from early losses, gaining 0.2 percent to 27,618.82 and South Korea's Kospi gained 0.4 percent to 2,119.96. But the Shanghai composite index yoyo'd to end the day 1.2 percent lower at 4,084.16. In Australia, whose resource sector is vulnerable to fluctuations in Chinese demand, the S&P ASX/200 fell 0.6 percent to 5,908.40. Shares in Taiwan, New Zealand and most of Southeast Asia were also lower.

ENERGY: Benchmark U.S. crude rose 75 cents to $54.04 a barrel in electronic trading on the New York Mercantile Exchange. It rose $1.38 to close at $53.29 a barrel on Tuesday. Brent crude, a benchmark for international oils used by many U.S. refineries, rose 57 cents to $60.38 a barrel in London.

CURRENCIES: The dollar rose to 119.57 yen from 119.45. The euro fell to $1.0575 from $1.0648.

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Deval Patrick named to Bain Capital

Former Democratic Gov. Deval Patrick will be joining the Boston firm Bain Capital — founded by former GOP Gov. Mitt Romney — to develop a line of so-called "social impact" investing to support causes from climate change to hunger.

A Bain spokesman confirmed the hire for the Boston Herald, but said all other questions, including whether Patrick can still do work for Boston 2024's Olympic bid, will be answered at today's formal announcement.

Patrick told The Boston Globe in an interview that the opportunity is "a chance to have real meaning and mission in my work."

Patrick will become one of Bain's managing directors, sharing in the profits of the firm. He will be the first African-American to take on that role at the firm.

Patrick was tapped to represent Boston 2024 as a 
"global ambassador" at a rate of $7,500 a day. But amid a public outcry over secrecy and hefty salaries for ex-Patrick administration officials hired by the nonprofit, Patrick said he was pursuing 
another job but would serve the bid as he was able for 
no pay.

Patrick served two terms as governor from 2006 to 2014.

He stated repeatedly as he was ending his tenure that he wasn't planning to run for president in 2016 and 
intended to go into the 
private sector.

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Hearst taps Twitter's Periscope for live-video blast across 18 digital brands

Hearst is latching on to the recent craze for live-broadcasting video apps, with the media company planning to host live feeds on Twitter's Periscope Monday night across all of its 18 magazine and digital brands.

On Monday at 10 p.m. ET, Hearst will stream 18 simultaneous live broadcasts -- each pegged to the theme of "Bedtime Stories" -- on Periscope, promoted with the hashtag "#bedtimestory." The video content will feature editors, personalities and social-media influencers.

Some examples: Cosmopolitan's "resident shirtless hunk" CJ Richards is on board to read kids' classic "Goodnight Moon" while stroking a kitten; Redbook will feature "The Bachelor" season 17 contestant Sean Lowe reading an excerpt from his new book, "For the Right Reasons"; and Elle.com editor Leah Chernikoff will interview plus-size model Elly Mayday about her evening beauty routine.

Troy Young, president of Hearst Magazines Digital Media, said the "Bedtime Stories" stunt on Periscope is akin to "'Tonight Show' meets our magazine brands."

"It's an experiment in live programming," he said. "We're trying to learn about live and broadcast in this particular environment." Hearst is not generating any revenue, per se, from the Periscope broadcasts.

Hearst distributes content across multiple partners, including Microsoft's MSN, Young said. He cited Cosmopolitan's recently launched channel on Snapchat Discover as reaching more than 1 million people per day.

"We are aggressive on virtually every social platform, and (Periscope) is part of that," he said. "It's reflective of our embrace of all kinds of distribution channels."

As for why Hearst opted to go with Periscope, as opposed to upstart Meerkat or another live-broadcasting platform, Young cited Periscope's "intimate connection with Twitter." But, he added: "Obviously it's early in how this market is shaping up." Twitter bought Periscope for a reported $100 million and launched the app late last month.

How regularly Hearst expects to produce live Internet broadcasts in the future remains to be seen, Young said.

Hearst's other Periscope broadcasts set for Monday include: a chef from The Cheesecake Factory preparing a special, off-the-menu cheesecake for the Delish food site; author Benjamin Percy reading an excerpt from his new novel, "The Dead Lands," for Esquire; and Seventeen revealing its May 2015 cover image -- as announced by a puppy.

For February 2015, Hearst had 79.9 million unique monthly U.S. users across desktop and mobile platforms, according to comScore. That puts it in 24th place just behind Conde Nast (80.9 million) and BuzzFeed (81.7 million). The top three U.S. Internet properties for February per comScore were: Google (240.8 million), Yahoo (216.8 million) and Facebook (206.5 million).

© 2015 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC

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Roche Bros. opening in Filene’s building April 29

Boston's Downtown Crossing gets its long-awaited grocery store on April 29, when Roche Bros. opens in the former Filene's building on Summer Street.

The 25,000-square-foot, two-level store aimed at busy city dwellers will be the 21st for the private, family-owned Wellesley chain.

"Given the prominence of this project and the importance … to the city and residents of the area, we're looking at it as a very big … project for our company and for our customers," said Paul McGillivray, vice president of sales and merchandising. "The store is going to be a complete supermarket for the residents of that area. At the same time, the assortment of items and the allocation of space will certainly reflect the needs of this unique location."

The 3,000-square-foot street-level portion of the store will include a coffee bar and focus on ready-to-eat prepared foods: a hot bar, cold food/salad bar, grab-and-go sandwiches, sushi, healthy snacks and sweets. Roche Bros. is seeking city approval for seasonal outdoor seating on Summer Street, where it also will operate a fruit and flower stand.

The store's 23,000-square-foot lower level, which occupies a large portion of the former Filene's Basement space, will be a complete supermarket offering, with fresh produce — including a "chop shop" with 40-plus varieties of fresh-cut, recipe-ready vegetables — meats, seafood, grocery items, more prepared foods, and a bakery, deli and specialty cheeses.

"While the store is smaller than a suburban supermarket, all or most of the key categories will be offered," McGillivray said, noting a typical suburban Roche Bros. is 35,000 to 40,000 square feet.

When building owner Millennium Partners finishes the new adjacent Millennium Tower next year, Roche Bros. will add another 10,000 square feet of space in the condo tower's basement and apply to the city for a license to sell beer and wine there, McGillivray said.

The new Roche Bros. will offer catering and $10 grocery delivery for those who want to shop at the store but not cart their own bags home, as well as online ordering with home delivery.

Roche Bros. will hold a 9:30 a.m. ribbon-cutting ceremony at the store on April 29, followed by outdoor sampling booths and a free evening concert by Boston country band Dalton & the Sheriffs.

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Booting Up: Storage costs cloud police cam issue

Police body cameras are controversial, in demand — and a monumental technological undertaking that should be left to cloud computing experts.

Pressure on police departments to deploy body cameras is boiling over as outrage intensifies over the deadly police shooting in South Carolina in which a North Charleston officer shot and killed an unarmed black man as he ran away earlier this month. A video of the April 4 shooting was filmed by a bystander showing a far different version of events than cops officially reported, renewing calls for video as a requirement.

In contrast, the move by Boston police and prosecutors to release security video of a gunfight that left a police officer wounded and the suspect dead has been widely praised — and renewed calls for body cams here.

Only in recent years has cloud computing made it feasible to start thinking about saving and maintaining the deluge of video data from police-worn cameras. Cloud computing allows anyone to store reams of data on far-flung servers managed by companies like Amazon and Microsoft.

Because most cloud storage platforms don't meet the FBI's security policy standards, many departments have forgone the cloud thus far. But the drawbacks of local storage are numerous, requiring police departments to hire IT personnel for maintenance and security.

Police departments thinking of investing in body cameras should expect to encounter cyberattacks. Locally stored police data is already a huge target of hackers, with departments regularly fending off malicious cyberattacks.

By contrast, cloud computing centers are incredibly secure — in fact they're arguably some of the most secure facilities on the planet, with their locations often kept secret. Armed guards and retinal scans are the norm.

Storing that data is more expensive than purchasing the actual cameras. According to the Police Executive Research Foundation, the cost of data storage can reach $2 million per year for a department. A typical urban police department should expect data from its body-worn cameras to accumulate several terabytes of data per month. Oakland police, with 600 body cameras, report that their servers are crammed with a whopping seven terabytes of data per month. Think of that as about 1,500 feature-length films.

In Fort Collins, Colo., for example, cops discard footage after seven days if there is no citizen contact. Other departments keep everything. In Albuquerque, non-evidentiary video is retained for a year. In Oakland, that data is stored for five years.

Microsoft recently piloted the first FBI-compatible data storage program for police video, a program using its Azure cloud storage system with VIEVU, a Seattle-based maker of wearable police cameras, likely opening the door for many police departments to start storing data in the cloud. As a result, police departments should be able to keep and manage data longer and for a lower cost, putting to rest arguments that cop body cameras are too financially burdensome and not feasible for small departments. Storing all that data is only going to get easier.

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