Jul 30, 2018
Nordblom Refinances Burlington Property for $31 Million
The Nordblom Company has refinanced their apartment property, The Tremont Burlington for $31 million via State Farm.
The property features a 4-story apartment building located in the heart
of the bustling 3rd Ave mixed-use development in Burlington, MA. The
features 180 rental units (1,2, and 3 bedrooms), a detached parking deck
for 122 cars, and
surface parking for another 189 vehicles.
Jul 25, 2018
The Huntington Burlington Refinanced For $75 Million
The Nordblom Company has refinanced The Huntington Burlington for $75 million via State Farm.
The Huntington is a 5-story luxury multi-family building situated in the 3rd Avenue neighborhood in Burlington, MA. The 179,950 square-foot property features 117 units consisting of 1 and 2 bedroom apartments. The property is in an ideal location and within walking distance to more than two dozen boutiques, as well as upscale dining, entertainment, financial institution, Wegman’s supermarket, hotel and professional offices.
Jul 24, 2018
Building Permit Issued For Hyde Park Project
A building permit has been issued for the project at 735 Truman Parkway in Hyde Park. The upcoming residential project calls to convert a former senior care facility into 46 apartment residences including 26 one-bedroom units, 8
one-bedroom plus den units and 12 two-bedroom units. 6 residences will
be designated affordable. Resident amenities at 735 Truman Parkway will
include a common outdoor patio. 62 surface parking spaces will be
provided on site for residents.
Apr 23, 2018
Nordblom Acquires Dedham Retail Property
Nordblom Company has acquired 5 Stergis Way in Dedham for $8.5 million. The property is a single-story, first-class free-standing retail building adjacent to Legacy Place, Boston' s first lifestyle center. The 15,000 SF facility is currently home to a K&G Fashion Superstore.
Apr 14, 2018
The Beat at 135 Morrissey gets BPDA approval
FROM THE BPDA:
The proposed project consists of the renovation and reuse of the approximately 695,000 square foot building located at 135 Morrissey Boulevard in Dorchester (the former Boston Globe Headquarters).
Live: A contribution of $4,772,723 in Housing Linkage to the Neighborhood Housing Trust (NHT), public community space
Work: 3,000 full-time jobs, STEM-focused campus, on-site career center
Connect: 275 bike storage spaces, building wifi, LEED Silver Certified
Size: 695,000 square feet
The 135 Morrissey Boulevard project is located in Dorchester at the former Boston Globe Headquarters building. The project includes a comprehensive renovation of both the inside and outside of the former Boston Globe Headquarters building. In addition, the project will include landscaping improvements throughout the project site.
Overall, the improvements will result in 695,000 square feet of refurbished space meant to attract creative office, technology, light manufacturing, warehouse, retail, and life science tenants, with approximately 868 off-street parking spaces and approximately 209 bicycle storage spaces. The envisioned building program is made up of the following uses: office/business, tech flex/light industrial, retail/restaurant, food service and fitness space.
In addition, the proposed 135 Morrissey Boulevard project will provide community benefits to Dorchester and Boston as a whole. These benefits include 2,500 square feet of space located at the project site to be programmed and utilized as a community job training/employment center, open to the public. This space will be provided at no cost to a local non-profit organization. In addition, a contribution of $4,772,723 in housing linkage will be made to the Neighborhood Housing Trust (NHT), along with a commitment to adopt the Commonwealth of Massachusetts Department of Conservation & Recreation (DCR)-owned public open space known as Patten’s Cove for no less than 10 years.
Feb 02, 2018
The BEAT to provide Dorchester with creative office and industrial hub
Nordblom Company and Alcion Ventures, who acquired the former Boston Globe property in Dorchester for $81 million in December 2017, propose to transform the property into The BEAT, a $200 million office and industrial innovation hub that would bring over 3,000 new jobs to the Dorchester economy. The BEAT would repurpose the existing building on site, creating a total of 695,000 square feet including 360,000 square feet of office space and 300,000 square feet of flex/light industrial space.
At The BEAT’s center would be a natural light-laden atrium open to the public during working hours, including a food hall and collaborative meeting and gathering spaces. The BEAT would also include a 10,000-square-foot fitness space, a 100-seat restaurant and a micro craft brewery with a food component, including an outdoor beer garden.
Nordblom and Alcion hope to start construction of The BEAT in the third quarter of 2018; construction would last 12 to 14 months. The City of Boston is now reviewing the proposed project plans.
Dec 31, 2017
321 Harrison office development in South End could break ground by March
The 321 Harrison office development in the South End will reportedly move forward on a speculative basis, with developers Nordblom Company and CIM Group seeking to start foundation work by March. Per an update by The Boston Sun, the proponents have sought their building permit for the approved eight-story, 232,500-square-foot project and, pending the permit’s issuing, could complete the building by summer 2019. 321 Harrison will be built using a pile system that screws into the building’s foundation, as opposed to noisier pile driving.
321 Harrison will be constructed atop the three-story parking garage of the existing 11-story, 235,000-square-foot 1000 Washington Street office building. CIM Group acquired the 1000 Washington Street property for $114.2 million in cash in September 2017 from a partnership of Nordblom Company and Rubinstein Partners. Nordblom remains a stakeholder in 321 Harrison Avenue and will remain involved with developing 321 Harrison and managing the property.
Dec 21, 2017
Sale of Boston Globe’s former Dorchester headquarters closes for $81 million
Nordblom Company and Alcion Ventures, who propose to develop The Boston Globe’s former headquarters at 135 Morrissey Boulevard in Dorchester into a hub for high-tech jobs, have acquired the property for $81 million. The sale of the 815,000-square-foot office and industrial building, which stands on 16.5 acres located just off of Interstate 93, amounts to about $99 per square foot. Acore Capital Mortgage LP provided $75 million in financing towards the acquisition.
Nordblom and Alcion plan to construct an urban innovation campus on the property, renovating and reusing the existing building to create 690,000 square feet of creative office space for technology and life sciences companies, light industrial space and food & beverage-oriented retail including a craft brewery. The adjacent Patten’s Cove public park would also be overhauled, and improvements would be made to the connectivity of the Savin Hill neighborhood to the nearby JFK/UMass MBTA Red Line station. The Boston Planning & Development Agency (BPDA) is now reviewing Nordblom and Alcion’s proposed plans for 135 Morrissey Boulevard.
Nov 14, 2017
Nordblom begins city review process for 135 Morrissey commercial development in Dorchester
Nordblom Company has submitted a Letter of Intent (LOI) to the Boston Planning & Development Agency (BPDA) for 135 Morrissey, the proposed redevelopment of the former Boston Globe Headquarters in Dorchester into a hub for high-tech jobs, kicking off the project’s official review process. As previously reported, the existing building would be renovated and reused, resulting in approximately 690,000 square feet of uses including creative office space for technology and life sciences companies, light industrial space and food & beverage-oriented retail. Significant landscaping and pedestrian realm improvements would be made to the 16.61-acre site, including an overhaul of the adjacent Patten’s Cove public park and increased connectivity of the Savin Hill neighborhood to the nearby JFK/UMass MBTA Red Line station. Nordblom will reveal additional details of the 135 Morrissey proposal in a Project Notification Form (PNF) filing in the coming months.
Oct 04, 2017
Plans unveiled for former Boston Globe headquarters in Dorchester
Developer Nordblom Company, who has an agreement in place to acquire the 16.5-acre former Boston Globe headquarters at 135 Morrissey Boulevard in Dorchester, plans to transform the existing three-story building into a hub for high-tech jobs. Existing structures would be retrofitted for new uses including large labs and offices for robotics, life sciences and high tech manufacturing. Per a Dorchester Reporter report, MassRobotics and Cambridge Innovation Center are interested in opening a joint workspace at 135 Morrissey Boulevard.
Some smaller outbuildings would be removed from the existing 815,000-square-foot 135 Morrissey Boulevard building, resulting in 690,000 square feet of available space. A portion of the property would become a micro craft brewery with a food component. As part of the project, a multi-use path would be created around the site, renovating the underutilized adjacent Patten’s Cove park. Nordblom’s deal to acquire 135 Morrissey Boulevard is expected to close in mid-November. The latest details and renderings of the proposed project are posted above.
Sep 18, 2017
CIM Group acquires 321 Harrison Avenue in South End, site of approved office development, for $114.2 million
Los Angeles, CA-based CIM Group has acquired 321 Harrison Avenue in the South End’s New York Streets neighborhood, site of an existing 11-story, 235,000-square-foot office building and three-story, 300-car garage as well as an approved eight-story, 232,500 square foot office development, for $114.2 million in cash. 321 Harrison Avenue’s seller is a partnership of Nordblom Company and Rubinstein Partners, who received approval in 2016 to construct the eight-story office development atop the garage as well as 2,500 square feet of retail or gallery space along the garage's ground floor. Nordblom remains a stakeholder in 321 Harrison Avenue and will continue to manage the property.
CIM Group has made a series of major acquisitions in Boston since 2016, most recently acquiring the 826-space 200 Stuart Street Garage in Bay Village, which serves the Revere Hotel, for $95 million and jointly acquiring 2.16 acres of developable land in the Fenway neighborhood with Cabot, Cabot & Forbes for $51 million. CIM Group also acquired the 1,037-space Motor Mart Garage, located across from the 200 Stuart Street Garage, for $162.5 million in October 2016, and 95 Berkeley Street, a 114,000-square-foot South End office building, for $43 million in March 2016.
Aug 03, 2017
Nordblom acquiring 16.5-acre Boston Globe headquarters in Dorchester
Local real estate developer Nordblom Company will reportedly acquire the 16.5-acre former Boston Globe headquarters site at 135 Morrissey Boulevard in Dorchester. The Boston Globe and Nordblom reportedly signed an agreement for the acquisition this past Tuesday, August 1st; the deal will likely close this Fall. Development plans for the site have not yet been revealed. A vacant three-story, 815,000-square-foot building currently stands on the site, with the site's remainder comprised of surface parking. The Boston Globe has moved its' operations to a 75,000-square-foot office at Exchange Place in the Financial District, and its' printing and distribution to a 330,000-square-foot industrial building in Taunton.
May 18, 2017
Developer backs out of deal to acquire 16.5-acre Boston Globe headquarters in Dorchester
Center Court Properties has reportedly backed out of a deal to acquire the 16.5-acre Boston Globe headquarters in Dorchester for over $80 million. “We’re enthusiastic about exploring other possibilities,” said Globe Chief Operating Officer Sean Keohan in the Globe's report. Center Court's abandonment of the deal follows Winstanley Enterprises pulling out of its' agreement to acquire the Globe property in 2015. The Globe will still move forward with its' move to a new 75,000-square-foot office at Exchange Place in the Financial District this June.
May 12, 2017
735 Truman Highway, 42 new apartments, approved in Hyde Park
735 Truman Highway, the renovation of an existing nursing home located steps to Hyde Park’s Cleary Square and two commuter rail stations into 42 new apartments, was approved at last night (May 11th, 2017)’s Boston Planning & Development Agency (BPDA) Board Meeting. The building can now proceed with construction, which is expected to commence this summer. 735 Truman Highway is anticipated to open in Spring 2018.
Apr 06, 2017
Nordblom proposes conversion of vacant Hyde Park nursing home into 46 apartments
Nordblom Company proposes to convert an existing three-story vacant nursing home building located at 735 Truman Parkway in Hyde Park's walkable Cleary Square into 46 apartment residences. The proponent hopes to commence construction of 735 Truman Parkway in Summer 2017, with completion anticipated in Spring 2018. The Boston Planning & Development Agency (BPDA) is now reviewing plans for the proposed project.
Jan 08, 2017
Revised renderings revealed of 321 Harrison Avenue office building in South End
The facade of the approved 321 Harrison Avenue office development in the South End has been revised to incorporate a striking glass curtain wall. The curtain wall subtly nods to the building’s address, featuring the Roman numerals “III II I” shaped in glass facing the Massachusetts Turnpike. 321 Harrison Avenue presents the opportunity for prime visibility for an office tenant and is located in the heart of the South End’s New York Streets neighborhood across from the Ink Block development. Construction of 321 Harrison Avenue is expected to commence in the first quarter of 2017. The latest 321 Harrison Avenue renderings can be found above.
Sep 16, 2016
321 Harrison Avenue approved, construction could commence Q1 2017
At last night's board meeting, the Boston Redevelopment Authority (BRA) approved 321 Harrison Avenue for construction. Located in the South End’s New York Streets neighborhood across from Ink Block, 321 Harrison will be a new eight-story, 230,000 square foot office building that will be constructed above an existing three-story, 300 car garage, creating a new 11-story building. Retail or gallery space will be added to the ground floor of the existing garage. The garage's capacity will be reduced to 240 cars. Construction is anticipated to commence in the first quarter of 2017. Additional information about 321 Harrison Avenue can be found above.
Jul 21, 2016
Center Court Properties acquiring Boston Globe’s Dorchester headquarters
Banker & Tradesman reports that David Ridini of Center Court Properties, based in New York, will acquire The Boston Globe’s 16.5-acre Dorchester headquarters facility for approximately $80 million. The sale price would top the $70 million that John Henry paid to acquire The Boston Globe in 2013.
Ridini is a partner in JDMD Owner LLC, developer of the 71-unit Archer | Donahue condominium project on Beacon Hill approved by the Boston Redevelopment Authority for construction this month. Ridini is also a partner in 171 Tremont LLC, developer of the 18-unit 171 Tremont Street condominium project in Downtown Crossing. Ridini is also a partner in CC Bunker Hill Owner LLC, who acquired the 52,944 square foot Bunker Hill Business Center at 440 Rutherford Avenue in Charlestown for $14.725 million in September 2015.
Jul 18, 2016
Boston Globe reaches agreement to sell 16.5-acre Dorchester headquarters
The Boston Globe reports that it has reached an agreement to sell its 16.5-acre headquarters facility located along Morrissey Boulevard and Interstate 93 in Dorchester. A locus map of the facility is posted above. The 16.5-acre facility includes the 815,000 square foot Boston Globe headquarters building in addition to surface parking lots.
Citing a confidentiality agreement, The Boston Globe has not disclosed the facility's buyer. The Boston Globe's headquarters will move to Exchange Place (53 State Street) in Downtown Boston, and printing and delivery operations will move to a new facility in Taunton, MA. This page will be updated with additional details as they become available.
May 27, 2016
New details for proposed South End garage redevelopment across from Ink Block
Nordblom Company submitted a Project Notification Form to the Boston Redevelopment Authority last week proposing to construct a new eight-story office building above the existing parking garage at 321 Harrison Avenue. Construction could commence in the first quarter of 2017.
A rendering of the proposed building is posted above. The following is a link to the full Project Notification Form.
Feb 08, 2016
New office building proposed in Boston's South End across the street from Ink Block
Nordblom Company filed a Letter of Intent with the Boston Redevelopment Authority on February 3rd, 2016 to construct a vertical addition to the existing South End parking garage at 321 Harrison Avenue. The addition would consist of office space. The garage is located across Harrison Avenue from the Ink Block development. The following is a link to the full Letter of Intent.