Top Boston-Area Acquisitions and New-Construction Buildings of September 2017
Update
10/22/17
Below are BLDUP's most active* Boston-area real estate acquisitions and new-construction buildings of September 2017.
*Most active based on our database activity.
Boston – Beacon Hill
Existing
Type: Housing, Office, Retail
Square Feet: 25,125
Height: 7 stories
Address: 66 Beacon Street, Beacon Hill, Boston, MA
66 Beacon Street is a 7-story, 25,125-square-foot mixed-use building overlooking Boston Common and the Public Garden. The building contains 15 luxury apartment residences on its upper five floors, 2,500 square feet of office space on the second floor, and 2,500 square feet of ground-floor retail occupied by Cambridge Trust Company and Starbucks. Quincy Mutual Fire Insurance Company acquired the property in late September 2017 for $20.45 million in cash, or about $814 per square foot. Learn more >>>
2. 121 Seaport
Boston – Seaport District
Opens Mid 2018
Type: Office, Retail
Cost: $281 million
Square Feet: 450,000
Height: 17 stories / 170 feet
Address: 121 Seaport Boulevard, Seaport District, Boston, MA
121 Seaport is a fully-leased, 17-story, 450,000-square-foot tower in the heart of Boston’s Seaport District developed by Skanska USA Commercial Development. The LEED Platinum-certified building will feature 400,000 square feet of Class A office space, soon to be occupied by Internet of Things (IoT) technology provider PTC (250,000 square feet) and Alexion Pharmaceuticals (150,000 square feet), above a two-story, 50,000-square-foot retail podium. Tenant amenities will include a private fitness center and a rooftop terrace with sweeping skyline and harbor views, in addition to an underground parking garage with space for approximately 270 vehicles and 270 bicycles. Learn more >>>
Boston – South Boston
Opens Fall 2018
Type: Hotel, Retail
Square Feet: 87,000
Height: 14 stories
Address: 6 West Broadway, South Boston, Boston, MA
6 West Broadway is a 14-story, 159-room boutique hotel under construction in South Boston developed by City Point Capital. In addition to amenities such as a fitness center, meeting rooms, and conference rooms, the hotel will feature a live entertainment restaurant on the ground floor and a seasonal rooftop restaurant and lounge. Learn more >>>
Boston – South End
Opens Fall 2020
Type: Office, Retail
Cost: $600 million
Square Feet: 1,599,425
Height: 20 stories / 282 feet
Address: 504 Albany Street, South End, Boston, MA
Exchange South End is a proposed 1.6-million-square-foot, LEED Silver-rated commercial development across 5.6 acres in Boston's South End. The Abbey Group, the project’s developer, plans to construct four new buildings consisting of nearly 1.5 million square feet of commercial, technology, and life science research space, 42,500 square feet of ground-floor retail space and 30,000 square feet of civic and incubator space, centered about a new public park. 1,145 underground garage spaces and 14 ground-level parking spaces would be located on site. Construction of Buildings A and B is expected to begin in Fall 2018 and take 2 years to complete, and Buildings C and D would be built if there is sufficient demand. Learn more >>>
Boston – Seaport District
Opened Summer 2017
Type: Housing, Retail
Cost: $650 million
Square Feet: 1.5 million
Heights: 22 stories (The Benjamin); 20 stories (VIA)
Addresses: The Benjamin – 25 Northern Avenue, Seaport District, Boston, MA; VIA – 5 Fan Pier Boulevard, Seaport District, Boston, MA
The Benjamin & VIA features 1.5 million square feet of residential and retail space across 3 acres, making it Boston’s largest mixed-use project in over 30 years. Located in the heart of the Seaport District, the luxurious, LEED Silver-certified buildings feature sweeping views of the Boston skyline and Boston Harbor. The Benjamin offers 354 modern apartments, including ultra-luxurious penthouses with private balconies on floors 17-22, with amenities such as two outdoor terraces including a pool terrace overlooking Fort Point Channel. VIA offers 478 apartments geared towards flexible lifestyles with amenities such as work pods and a spacious outdoor terrace. 250,000 square feet of retail are spread across both buildings’ first three stories, with retail such as an Equinox fitness club and Seaport Barbers now open and upcoming retail including The Grand nightclub, Mexican cantina bar and restaurant Scorpion Bar & Restaurant and Tuscan Italian Kitchen & Market. Learn more >>>
Boston – Bulfinch Triangle
Type: Hotel, Housing, Office, Retail
Cost: $950 million
Square Feet: 1.87 million
Height: 38 stories / 498 feet
Address: 100 Causeway Street, Bulfinch Triangle, Boston, MA
The Hub on Causeway is a 1.87-million-square-foot mixed-use development featuring three towers with retail, office, hotel and residential uses. Construction of the project will come in three phases, with the first, consisting of 175,000 square feet of creative office space, 210,000 square feet of multi-level retail/restaurant space, 64,000 square feet of TD Garden expansion space, 10,000 square feet of outdoor space, and 540 new underground parking spaces, expected to be completed in late 2018. Phase Two will consist of a 38-story residential tower with about 440 units and a 10-story hotel tower with approximately 260 rooms, while Phase Three calls for a 21-story, 525,000-square-foot office tower. Big Night Entertainment Group and Live Nation New England signed a 31,680-square-foot lease this past August to create a new entertainment venue in the Phase One building featuring a nightclub, a restaurant, a concert venue and bowling. Learn more >>>
Boston – Dorchester
Opens 2018
Type: Hotel, Housing, Retail
Cost: $200 million
Square Feet: 720,000
Height: 6 stories
Address: 101 Allstate Road, Dorchester, Boston, MA
South Bay Town Center is a 720,000-square-foot mixed-use development project opening in 2018 that will transform a 10-acre section of the existing South Bay Center shopping mall in Dorchester. The project will include about 475 residential units, 120,000 square feet of retail space, a 60,000-square-foot cinema, and a 130-room hotel across five new buildings, and will provide approximately 1,095 parking spaces across three parking garages, a surface lot, and street parking. Learn more >>>
Boston – Charlestown
Type: Housing
Cost: $14 million
Square Feet: 56,770
Height: 4 stories
Address: 30 Polk Street, Charlestown, Boston, MA
Lumen Charlestown is a boutique luxury 30-unit condominium building by Gansett Ventures featuring a variety of one-bedroom, one-bedroom plus den and two-bedroom residences. Amenities at Lumen will include garage parking, an on-site fitness studio, a garden-level patio and a rooftop terrace with gas grills, electricity, and water, as well as private cabanas for select residences. Pre-sales began in mid-September 2017. Learn more >>>
Boston – Seaport District
Opens Early 2020
Type: Housing, Retail
Cost: $950 million
Square Feet: 1.3 million
Height: 21 stories / 250 feet
Address: 145 Seaport Boulevard, Seaport District, Boston, MA
Echelon Seaport is a 1.3-million-square-foot mixed-use development consisting of three towers across 3.5 acres in the Seaport District. Two of the project’s towers will contain over 400 combined luxury condominiums, while the third will provide about 300 apartments, with amenities including two outdoor pools, an indoor pool, expansive sun decks, engaging courtyards and oversized private terraces. Altogether, the three towers will offer 733 residences, 125,000 square feet of retail and restaurant space and 560 underground parking spaces. Learn more >>>
10. Union Point
South Weymouth
Type: Housing, Office, Retail
Square Feet: Over 9 million
Address: 26 Memorial Grove Avenue, South Weymouth, MA
Located just 12 miles south of Boston with direct commuter rail and highway access, Weymouth’s 1,500-acre Union Point master-planned development will soon be home to the Northeast’s first transit-oriented smart-city. Around 2,000 residents already call Union Point home, and approvals are in place to construct over 9 million square feet of commercial space, 4,000 private residences, 40 restaurants, 1,000 acres of open space and 50 miles of hiking and biking trails. Learn more >>>
