ITK

Alcion Ventures At A Glance


PROJECT STATUS
Under Construction: 1

WORK BY SECTOR
Industrial: 1 |
Retail: 1 |
Office: 1 |
Restaurant: 1

PROJECT SIZES
$0 - $10M: 0 | $10M - $100M: 0 | $100M+: 1

Totals

Total Square Footage Free
Total Dollar Volume Free

General

Established 2004
Website Free
Phone Number ITK

Alcion Ventures is a real estate private equity firm that executes a thesis-driven, value creation investment strategy in select North American markets. The firm is committed to being a disciplined fiduciary and investor that combines the entrepreneurial approach of an operator with the established practices of an institutional private equity fund manager.

Updates

The BEAT
- Jul 05, 2020

Exterior Work Wrapping Up for The Beat Exterior work is nearly complete The Beat in Dorchester. The revamped Boston Globe headquarters will offer nearly 700,000 square feet of office and lab space. Tenant amenities will include a multi-story atrium, food hall & brewpub, fitness center, indoor basketball court, and a roof deck. The site, just steps from the Redline will also include a 15-acre park.  


The BEAT
- Apr 02, 2020

Permits Pulled for Telecom & Security Install at The Beat Permits have been pulled for the install of 99 telecom drops along with 30 security devices at The Beat in Dorchester. The Beat will include 360,000 square feet of office space and 300,000 square feet of flex/light industrial space, along with retail including a 10,000-square-foot fitness center, a 100-seat restaurant and a micro craft brewery with a food component, including an outdoor beer garden. 


The BEAT
- Jan 07, 2020

There's No Missing The Beat In Dorchester Construction continues on the revamp of the former Boston Globe Headquarters in Dorchester. The exterior facade is taking shape and some massive signage signals availability within the 695,000 square foot office/lab space. The Beat will also include a 10,000 square foot fitness center along with a 100-seat restaurant and outdoor beer garden. Although the property offers easy access to the Red Line there will also be parking for 868 cars and over 200 bicycles on-site. Construction is expected to wrap up sometime this spring.


The BEAT
- Nov 12, 2019

Window and Facade Install Underway for The Beat Windows are going in, and new sections of the brick facade are taking shape at The Beat in Dorchester. The redevelopment of the former Boston Globe headquarters will feature 695,000-square-feet of creative office, lab, and retail space. Amenities on-site will include a fitness center, roof deck, mini-basketball court, and a golf simulator. The project will also include a 100-seat restaurant and craft microbrewery. As part of the renovation, Eversource is working with the development team at Nordblom to support the installation of energy-efficient infrastructure. High-efficiency rooftop air conditioning units will be used to condition and ventilate the building, and an LED lighting scheme will provide superior lighting quality while consuming minimal energy. The Beat will also include one of Eversource’s largest EV projects, featuring more than 40 spaces equipped with ports for charging electric vehicles. Construction is expected to wrap up this coming spring.


The BEAT
- Aug 27, 2019

After Extensive Demo, The Beat Beginning to Show Signs of It's New Look As construction continues on the revamp of The Beat, leasing efforts are also ramping up with new signage on the project (as we are sure anyone driving on 93S has noticed). Hints of the finished product are also beginning to show with some windows in and new steelwork in place over what will be the main entrance to the nearly 700,000 square foot project. Tenants and the public will be welcomed to the building via the new multi-story atrium which will create a central gathering area and feature a food hall and collaborative meeting spaces. The atrium will also allow natural light to circulate throughout the building.


The BEAT
- Jun 21, 2019

Construction Continues on The Beat in Dorchester Construction continues on Nordblom's transformation of BEAT in Dorchester, set to include 360,000 square feet of office space and 300,000 square feet of flex/light industrial space. The project will also include a 10,000-square-foot fitness center and a 100-seat restaurant and a micro craft brewery with a food component, including an outdoor beer garden. A new multi-use path will also be created around the site, restoring the adjacent Patten’s Cove public park and integrating the site into the surrounding Dorchester community.


The BEAT
- Mar 29, 2019

The BEAT Secures $252.74 Million in Financing The BEAT in Dorchester has secured $252,747,880 in financing via Oaktree Capital. The project calls for the repositioning of the 16.6-acre former Boston Globe headquarters at 135 Morrissey Boulevard in Dorchester. The existing three-story office and an industrial building will be retained and retrofitted into a 695,000-square-foot modern hub for creative office, laboratory and retail uses dubbed The BEAT. The project would create spaces to stimulate growth in fields such as robotics, life sciences, and high-tech manufacturing.


The BEAT
- Feb 20, 2019

Building Permit Issued for The BEAT A building permit has been issued for The BEAT, the new development project at the former site of the Boston Globe headquarters in Dorchester, MA. The BEAT will include 360,000 square feet of office space and 300,000 square feet of flex/light industrial space, along with retail including a 10,000-square-foot fitness center, a 100-seat restaurant and a micro craft brewery with a food component, including an outdoor beer garden. A portion of The BEAT will be dedicated to robotics-related work. 868 parking spaces and over 200 bicycle storage spaces will be provided on site. Smaller outbuildings will be removed from the existing 815,000-square-foot existing building in order to construct The BEAT, creating 695,000 square feet of space.


The BEAT
- Dec 13, 2018

Demo Ongoing for The Beat Demolition of parts of the former Boston Globe headquarters is ongoing to transform the site into a creative hub of office, retail, and lab space. The existing three-story building at the center of the site will be retained and a new multi-story atrium will be built at the entrance. The atrium will be open to the public and offer a food hall and meeting space.  In total, The Beat will include 360,000sf of office space, 300,000sf of flex/light industrial space, a 10,000sf fitness center, and a 100 seat restaurant.  Be sure to check out their website www.thebeatboston.com for some new renderings, like this amazing one of the lobby.      


The BEAT
- Apr 14, 2018

The Beat at 135 Morrissey gets BPDA approvalFROM 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 spaceWork: 3,000 full-time jobs, STEM-focused campus, on-site career centerConnect: 275 bike storage spaces, building wifi, LEED Silver CertifiedSize: 695,000 square feetThe 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.


The BEAT
- Feb 02, 2018

The BEAT to provide Dorchester with creative office and industrial hubNordblom 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.


The BEAT
- 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.


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