11.350 Lecture 6 425 Park Ave.
[SQUEAKING] [RUSTLING] [CLICKING] ZHENGZHEN TAN: So what happened in the Winthrop Center? We have been going through extensively about the decision making. At the end of the day, you probably want to ask, how is this a successful project? And if you recall that we map on the blackboard about many stakeholder people went into that. So I think I would encourage you to think about-- to evaluate the success of a decision or not from the different stakeholder perspectives. So let's first take a look at the developer. Winthrop Center has been decided to go to construction between 2016 to 2018. So let's see where the market is at the 2019. So the biggest deal in 2019, in the same submarket, Boston CBD area, is 100 Summer Street. That building is a single glazed curtain wall, very broad building. And that was transacted at 4 cap. So this is the market signal saying that, in the asset market, the buyer or the market isn't really considering any green premium in the tra...