Jan 10, 2018
New-construction Class A office space completed at Two Wells Avenue in Newton
Newton’s Wells Avenue premier office district has received 135,000 square feet of new Class A office space with the completion of Two Wells Avenue, a new-construction office building featuring a floor-to-ceiling glass curtain wall facade and a modern amenity package. Two Wells Avenue was constructed off of the bones of a single-story, 69,000-square-foot office building constructed over 40 years ago. About 20,000 square feet of the original building were preserved.
The original Two Wells Avenue was partially demolished and expanded to three stories in height, nearly doubling the property’s square footage. New utilities and underground storm water filtration were added, and the building was outfitted with exquisite finishes such as stone interior floors and wood exterior accents. A new grand lobby featuring a two-story waterfall and a cafe was constructed at the building’s entrance.
Office space at Two Wells Avenue is now available for lease. The building is located minutes from the new Kendrick Street exit on Interstate 95/128, as well as the Needham Street retail corridor. Downtown Boston and Cambridge are located a short drive away as well. The following are photographs of Two Wells Avenue:
Oct 02, 2017
35-story Perla on Broadway mixed-use tower breaks ground in Downtown Los Angeles
SCG America, the U.S. subsidiary of Shanghai Construction Group, broke ground Thursday, September 22nd, 2017 on Perla on Broadway, a 35-story, 450-unit mixed-use condominium building with 7,000 square feet of street-level retail. Perla’s residences will be ideal for first-time buyers and millennials, with condominiums ranging from 400 to 1,300 square feet starting at around $400,000. SCG America will begin pre-selling units next spring and plans to lease the project’s ground-floor retail space to bakeries, restaurants, and coffee shops. Completion of Perla on Broadway is expected in 2020.
Jul 05, 2017
Neponset Wharf waterfront condominium, hotel and restaurant development would break ground Fall 2018
City Point Capital has revealed new details and renderings of Neponset Wharf, its’ proposed 307,000-square-foot condominium, hotel and restaurant development on the Port Norfolk waterfront in Dorchester, and is aiming to break ground on the project in Fall 2018. The project would construct three mixed-use buildings and a boathouse, in addition to three accessory structures and substantial pedestrian waterfront open space. Neponset Wharf would feature 150 residences, which would be sold as condominiums, in addition to a 25-room boutique hotel and a 4,000-square-foot restaurant/cafe. Completion of Neponset Wharf is expected in Spring 2020. The latest project details and renderings are posted above; City Point Capital has filed an Environmental Notification Form/Project Notification Form for Neponset Wharf with the Boston Planning & Development Agency (BPDA), who is now reviewing the proposed project.
May 26, 2017
330,000-square-foot mixed-use development envisioned on Port Norfolk waterfront
City Point Capital proposes to construct Neponset Wharf, a 330,000-square-foot mixed-use development featuring residential, hotel and retail space, on the Port Norfolk waterfront in Dorchester. City Point acquired the 7.6-acre proposed project site, located at 18 Ericsson Street fronting Boston Harbor, for $10 million, or $1,282,051.28 per acre, in January 2017; 3.6 acres of the site are land, with 4 remaining acres under water. An existing marina would be updated and improved while maintaining historic integrity; additional waterfront outdoor spaces and facilities would be created for residential and public use. The project team would include architect RODE Architects and engineer VHB. City Point has filed a Letter of Intent (LOI) to construct Neponset Wharf with the Boston Planning & Development Agency (BPDA), who is now reviewing the project. Additional project details will be revealed in the coming months.
Dec 07, 2016
Two Wells Avenue, new Newton office space now leasing, tops off
A topping-off ceremony was held yesterday (December 6th) for Two Wells Avenue, a new state-of-the-art office building now leasing in Newton. Two Wells Avenue is expected to open in 2017 and will feature contemporary interior design with amenities including a "grab and go" lobby cafe. The following is a photograph from the Two Wells Avenue topping-off ceremony:
Aug 02, 2016
Two Wells Avenue modernization and expansion underway
Work is underway on the modernization and expansion of Two Wells Avenue, an existing single-story, 69,000 square foot office building constructed over 40 years ago located in Newton's Wells Avenue Office Park convenient to Route 128. The project will construct two new floors and expand the building's size to 135,000 square feet with expected completion in December 2016. The modernized Two Wells Avenue will feature contemporary interior design with abundant natural light owing to the building's reflective glass exterior. New utilities, including energy-efficient lighting and HVAC systems, and an underground storm water infiltration system will also be constructed.
The New England Real Estate Journal reports that partial demolition of the existing building, commenced in June, is just about complete. Preparations have begun for foundation work, which will commence in mid-August. Construction of the expansion's structural steel frame is expected to start in September. The following are links to the Architectural Plans and Civil Drawings for Two Wells Avenue. The following is a rendering of the modernized and expanded Two Wells Avenue:
Jul 25, 2016
Restaurateur acquires 7.8 acre marina on Port Norfolk waterfront for $6 million, eyes luxury condominiums
Ralph Bruno, owner of Venezia Restaurant on the Port Norfolk waterfront in Dorchester, today acquired a 7.8 acre marina site on the Port Norfolk waterfront for $6 million as recored in the Suffolk County Registry of Deeds. A locus graphic of the marina is posted above, courtesy Boston Realty Advisors. Bruno also secured a $6 million mortgage for the marina today through East Boston Savings Bank. The marina last sold in 1995 for $2 million. Bruno's 6.2 acre Venezia Restaurant site is located adjacent to the marina; Bruno now owns a total of approximately 14 acres of Port Norfolk waterfront land.
The Dorchester Reporter reports that Bruno intends to build a luxury condominium complex on the 7.8 acre marina site acquired today. Bruno has sought to team with an experienced development company to build the condominiums and has had longstanding rights to acquire the marina. Bruno began marketing the marina to potential development partners this past fall through Boston Realty Advisors. Bruno Holdings LLC, the limited liability company that acquired the marina today, is organized and managed by Bruno. This page will be updated with additional information regarding development partners as it becomes available. The following is the deed for today's sale of the marina to Bruno: