• Boylston properties

Totals

Total Square Footage 372,567
Total Dollar Volume $506,755,000.00

General

Established 1982
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Boylston Properties is a Boston based developer led by William McQuillan. With over 30 years of experience, the company has developed a wide range of successful projects including the development of corporate headquarters, retail, office, residential, research facilities, mixed use projects and hospitality. Over the last 10 years, Boylston Properties has concentrated its efforts in both Fenway and Watertown.


The retail component of the State Transportation Building in Park Plaza, also known as CityPlace, was Boylston's first project, developed in the mid 1980's. The Longwood Galleria in Boston's Longwood Medical Area, a $23 million project comprising hotel, office and retail was completed in 1987 in a joint venture between Boylston Properties and Children's Medical Center.


A joint venture of The Druker Company and Boylston Properties developed the 270,000 square foot, $50 million, corporate headquarters for Harvard Pilgrim Health Care at Rte. 128 / Rte. 9 in Wellesley in 2000. Boylston Properties completed construction of another new corporate headquarters building in 2000, for Cambridgeport Bank, on Soldiers Field Road in Boston.


Boylston Properties completed its first biotech laboratory building in Watertown in 2000, with a $6 million rehab for the headquarters for VITEX Corporation, a NYSE company, in a joint venture with The Cambridge Company. An acquisition of a five building complex of bio-tech uses in the Alewife section of Cambridge, again with The Cambridge Company in the summer of 2002, added to the Boylston portfolio.


In a 2006 joint venture with developer Samuels and Associates, Boylston Properties completed the development known as Trilogy, a retail and residential project spanning Boylston Street and Brookline Avenue in Boston's Fenway neighborhood. With 405 rental apartments, street level shops and restaurants, and below grade parking, this $213 million development has spurred new development in this neighborhood. Trilogy also included a build to suit 171 unit residential component built for Harvard University, and occupied by its Harvard Medical School graduate students, residents and staff.


In June 2013, Boylston Properties completed work on the Marriott Residence Inn Boston Back Bay – Fenway, a $68 Million, eight story hotel located between Fenway Park and the Longwood Medical Area. The 175-room hotel opened up in the summer of 2013.


In addition to its ownership of One Arsenal, Boylston Properties has been recently involved with the acquisition and development of three additional properties in Watertown including The Arsenal Project, 570 Arsenal Street, and 490 Arsenal Street.


The principals, Bill McQuillan and Mark Deschenes, are both experienced with the construction, development and management of a variety of real estate projects in Boston and elsewhere.

Updates

Arsenal Yards
- Sep 30, 2019

Gallows-Blackbird Doughnuts Hybrid Restaurant Coming to Arsenal Yards Boylston Properties and Wilder have announced that The Gallows restaurant, which has been a popular South End favorite since 2010, will open its second location in Watertown’s Arsenal Yards neighborhood. The 4,000 square foot space will be The Gallows’ very first hybrid restaurant featuring cult-favorite doughnuts from Blackbird Doughnuts, new food and beverage concepts, and outdoor dining on its patio overlooking Arsenal Park on the Charles River. Arsenal Yards is anticipated to be Greater Boston's coolest new neighborhood, due in part by its mix of local, national and international cult-favorites set to open -- and The Gallows is a great example. With over one million sq. ft. of development, Arsenal Yards will include 250,000 sq. ft. of retail, dining, local grocery chain, Roche Bros. and entertainment, including a seven-screen Majestic Cinema movie theater. Arsenal Yards will also include 108,000 sq. ft. of life science lab space, a 146-room Hampton Inn by Hilton and over 300 contemporary apartments.  The Gallows in Arsenal Yards will offer families and friends a modern and comfortable space to break bread and unwind with a drink or two selected from a carefully crafted cocktail menu either inside the spacious dining room or on the patio outside. The cuisine features New American fare using classical French techniques, putting a new twist on familiar dishes. "Arsenal Yards is the ideal next location for The Gallows and is perfectly timed for us to create a unique hybrid concept with Blackbird Donuts in the expansive space," said Elena Todisco, Managing Director at The Gallows Group. "The Gallows has a unique personality and we were immediately drawn to the neighborhood feel that Arsenal Yards will foster their approach to hospitality, community, and being uniquely experiential. We’re excited to bring our good food and good vibes to Watertown next year."  Similar to its South End location, The Gallows menu will include the Our Way Burger, a flat top meat patty topped with American cheese, iceberg lettuce, caramelized onion, pickles and paired with hand-cut fries; the Scotch Egg, a panko-dipped pork sausage wrapped around a fried soft boiled egg; and an indulgent crowd favorite--the Poutine, hand-cut fries smothered in house-made gravy and ricotta cheese. The cocktail menu will feature original Gallows drinks including a few tasty staples like the jalapeno vodka and lime drink known as the Brazen Bull and Skin & Bones, a Thai basil tequila with watermelon, lime and mezcal.  "The Gallows is the perfect complement to the mix of restaurants and retailers we are cultivating at Arsenal Yards,” said Bill McQuillan, Principal at Boylston Properties. "Rebecca Roth Gullo’s spirited take on hospitality and conviviality has made The Gallows a local institution and we look forward to incorporating that same energy into the Arsenal Yards experience."  With over 4,000 sq. ft., The Gallows will also offer private space for groups who would like a more exclusive and intimate dining experience. Famous for its unique style and unusual flavors of doughnuts, the Blackbird Donuts signature touches will be incorporated into The Gallows beyond menu items. "We’re continuing to attract businesses who want to be part of the Arsenal Yards neighborhood experience, including a commitment to the future with a connection to its heritage," said Kerry Dowling, Senior Vice President, Leasing at Wilder. "The Gallows/Blackbird hybrid hospitality concept is a reflection of that new energy and innovation, and we are excited to welcome them to Arsenal Yards." The Gallows joins Arsenal Yards' upcoming lineup of restaurants including Shake Shack, City Works Eatery and Pour House, Pokeworks, Tori Jiro, and local family-owned restaurant Condesa Restaurante Mexicano. The upcoming retail roster includes: Majestic Cinemas, Roche Bros., Marshalls, Ulta Beauty, European Wax Center, Gap Factory Store, Old Navy, Santander, T-Mobile, The Home Depot, and more. Additionally, Kymera Therapeutics and SQZ Biotech are two of several life science companies slated to move into Arsenal Yards’ state-of-the-art biotech lab space, with additional leases to be announced soon.


Onyx Hotel
- Sep 27, 2019

LOI Filed for Onyx Hotel Addition Boylston Properties has filed an LOI to expand the Onyx Hotel, which they acquired for $46.755M this past June. The proposed addition would be 8 stories high and contain around 77 new guest rooms. Along with the addition, plans will also call for ground-level retail/restaurant space, on what is currently a small surface parking lot adjacent to the hotel. The scope of work will also involve a reorganization and renovation of the existing hotel lobby.


Arsenal Yards
- Sep 26, 2019

Kymera Therapeutics to Relocate from Cambridge to Watertown Biotech Cluster Boylston Properties, a Boston-based real estate developer of distinctive places, today announced that Kymera Therapeutics has signed a lease for approximately 34,500 square feet at Arsenal Yards' new state-of-the-art life science lab space. With the Charles River and Arsenal Park on its south side and energized shops and restaurants on its north side, the life science lab space is set within an original 1800s Arsenal historic building, offering a number of amenities and a private shuttle to the Harvard Square red line T stop. Life science companies are flocking to Watertown to secure space in the town’s booming biotech scene. Kymera Therapeutics continues this trend, joining SQZ Biotech in moving to Arsenal Yards' life science lab space. The new development is located across the street from LINX, 185,000 square feet of currently fully leased lab space, also developed by Boylston Properties. “Given the state-of-the-art amenities and proximity to life science’s biggest names and talent, Watertown is now a first choice for life science companies," said Bill McQuillan, Principal of Boylston Properties. “We’re proud to welcome Kymera Therapeutics to the Watertown life science cluster and look forward to supporting their continued growth. We are thankful to have worked alongside the great commercial real estate professionals at Cushman & Wakefield and Newmark to be able to welcome another cutting-edge life science company to Arsenal Yards." Kymera Therapeutics will relocate from Cambridge to East End Watertown in the first half of 2020. Founded in 2016, Kymera Therapeutics Inc. is a biotechnology company pioneering the field of targeted protein degradation, a transformative new approach to develop medicines for diseases with limited or no treatment options. "Kymera is developing a company for the future. We were interested in a work environment that could grow with us and support our mission, fostering collaboration and productivity as we expand our programs and team. Arsenal Yards checked all of those boxes and has demonstrated a commitment to supporting a thriving and growing life sciences community,” said Nello Mainolfi, PhD, Founder, President & Chief Scientific Officer at Kymera Therapeutics. “We’re thrilled to start our next chapter in Watertown.” Kymera Therapeutics was represented by Juliette Reiter and Mark Winters of Newmark. Boylston Properties was represented by Duncan Gratton and Elizabeth Donatoni of Cushman & Wakefield. "Boylston Properties is paving the way for a booming life science and healthcare cluster in Watertown with the development of Arsenal Yards, and this is apparent as we've now closed deals with eight life science companies in Watertown, totaling approximately 300,000 square feet," said Duncan Gratton, Executive Director at Cushman & Wakefield. "Watertown is more than Kendall Square overflow, it's becoming its own urban neighborhood that attracts top talent with its amenities, proximity to Boston and Cambridge, and its best-in-class life science lab development.”  With initial openings planned for late 2019 and throughout 2020, Arsenal Yards will be a thriving new neighborhood comprised of over one million sq. ft. of development by 2021. The mixed used development will include 250,000 sq. ft. of shopping, dining and fitness, a seven-screen cinema, The Majestic at Arsenal Yards, fresh groceries from local grocer Roche Bros., 300 contemporary apartments and a 146-room Hampton Inn by Hilton. Learn more at www.arsenalyards.com.


Arsenal Yards
- Aug 19, 2019

Steel Framing Kicks Off for Blvd and Bond Apts at Arsenal Yards Steel framing is now underway for the first building of three that will house the BLVD and Bond apartments at Arsenal Yards in Watertown. The building will also include additional parking, the Roche Brothers Market, and retail space. In total there will be 425 apartments within the site. Elsewhere on the project, the new parking garage is now open and within the historic Arsenal building work remains on track for tenants to take occupancy for the end of this year. First units at BLVD and Bond are expected to open in Fall 2020.   


Common Allbright
- Jul 17, 2019

Allston Co-Living Project Under Review A PNF has been filed for the co-living project proposed in Allston along Lincoln Street, Common Allbright. The plans call for a 6-story building to include 80 residential units, a mix of 10 traditional studio units, 8 three-bedroom co-living suites, and sixty-two 62 four-bedroom co-living suites. There will be a total of 282 bedrooms within the project. The development team of ARX Urban & Boylston Properties will partner with Common Living, Inc. one of the largest co-living management companies in the U.S., to oversee daily operations. The project also includes a ground-level garage to feature around 30 parking spaces with the ability to add another 30 spaces with a mechanical parking solution. Common Allbright will designate 2 traditional studio units and 9 co-living suites containing 35 bedrooms to be income-restricted for individuals earning not more than 70% of the AMI.    


Arsenal Yards
- Jul 02, 2019

Construction Begins for Hampton Inn at Arsenal Yards Construction is now underway for the Hampton Inn as part of the Arsenal Yards redevelopment in Watertown. The upcoming 6-story hotel will be adjacent to the new parking garage for the project. The hotel will feature 146 rooms in total a mix of traditional guest rooms and suites. Guest amenities will include a bar and lounge, an outdoor terrace, and meeting space. Construction on the hotel is expected to be complete in Fall 2020. Elsewhere in the project, work also continues on the revamp of the two historic Arsenal buildings to include retail and restaurant space including a Majestic Cinema. Foundation work is also ongoing for the new construction building that will house the Blvd & Bond apartments, Roche Brothers, and additional retail tenants.  The first phases of the project are set to open this fall.    


Arsenal Yards
- Jun 12, 2019

Fit-Out Permit Issued for Arsenal Yards Majestic Theater An interior fit-out permit has been issued for the upcoming Majestic Theater in the Arsenal Yards redevelopment. The project cost per the permit will be just under $5.8M. The theater will include 7 screens along with concessions and a full bar within building E on the site, one of the historic buildings being renovated as part of the project. 


Onyx Hotel
- Jun 04, 2019

Boylston Properties Acquires Onyx Hotel for $46.755 Million Boylston Properties has acquired the property at 155 Portland Street in Boston's West End for $46.755 Million. The property features an eight-story Kimpton Onyx Hotel. The stylish boutique hotel building features 58,392 square feet of historic New England charm. The building boasts a lobby-bar that emanates a low-key urban loft vibe and spacious guestrooms that prove handsome and comfortable.


Arsenal Yards
- Apr 12, 2019

New Parking Garage at Arsenal Yards Nearing Completion: Expected Opening in June Construction on the new parking garage at Arsenal Yards is nearly complete with an expected opening in June. Throughout the rest of the project, various phases of construction are ongoing. Restoration of the two historic Arsenal buildings is progressing with new retail, restaurant, and office spaces set to open this fall.  Foundation work has also started for one of the new construction buildings that will house Blvd & Bond apartments and a Roche Brothers Grocery Store. When complete in 2020 Arsenal Yards will include 250,000 square feet of restaurant and retail space, 300 apartments, 200,000 square feet of office, and a 150 room hotel.  


Common Allbright
- Mar 29, 2019

Residential Development Proposed in Allston The Proposed Project is located within the Allston-Brighton Neighborhood District, containing approximately 0.75 acres (32,589 square feet) of land area and fronts both Lincoln Street and Cambridge Street. The property currently contains an approximately forty-five space surface parking lot, which is proposed to be replaced with a six-story co-living residential building, totaling approximately 129,175 square feet, and an at-grade parking garage providing approximately thirty accessory parking spaces with additional night parking available in the 510 Lincoln Street parking lot.


Arsenal Yards
- Feb 19, 2019

Life Sciences Building Planned for Arsenal Yards Developers Boylston Properties and The Wilder Companies have proposed a change of site G within the Arsenal Yards project from a residential building to life sciences. The updated proposal calls for an 8 or 9 story building to include around 155,000 square feet of office/lab space and a parking garage. A path would link to the Charles River with a community park next to the building.  The development team hopes to begin construction in spring 2020 with completion in 2022.


Arsenal Yards
- Jan 16, 2019

SQZ Biotech Signs 63,477 Square Foot Lease at Arsenal Yards Boston-based real estate developer Boylston Properties has announced that cell therapy company SQZ Biotech has signed a 63,477 square foot lease at Arsenal Yards. With 200,000 square feet of lab and office space, Arsenal Yards is meeting the demand from the life science community for lab space in the East End of Watertown. Set within an original 1800’s Arsenal historic building, with soaring 25’ ceilings, multiple boutique fitness operators, dedicated parking, and a private shuttle to Harvard Square, the new lab space is across the street from LINX, 185,000 square feet of new fully leased lab space, completed in 2018, also developed by Boylston Properties. “When you look at the needs of life science companies and the advantages that the East End of Watertown provides, it’s not surprising to see Arsenal Yards becoming the place to turn to,” said Bill McQuillan, President of Boylston Properties. “We look forward to working with SQZ and seeing the company continue to grow.” SQZ Biotech recently completed a $72 million Series C and expanded a clinical and commercial development collaboration with Roche. The young life science company will dramatically increase its footprint when it relocates from its current Watertown location to Arsenal Yards later this year. Utilizing the proprietary CellSqueeze® platform to develop a new generation of cell therapies, SQZ currently focuses on the development of novel treatments that leverage targeted immune modulation to impact oncology and autoimmune disease. “For a young life science company, Arsenal Yards is an ideal location,” said Armon Sharei PhD, CEO and Founder of SQZ Biotech. “Being able to expand our operations while staying in Watertown was win-win for SQZ. We look forward to all the amenities that Arsenal Yards will provide our team.” “This continues a trend of life science companies choosing to grow in Watertown's booming biotech scene,” said Duncan Gratton, Executive Director at Cushman & Wakefield. “This is our 6th new life science space lease in Watertown in the past 18 months.” Gratton and Elizabeth Donatoni of Cushman & Wakefield represented ownership, a joint venture of Boylston Properties, J.P. Morgan and Wilder, while SQZ Biotech was represented by Juliette Reiter and Mark Winters of Newmark Knight Frank. Located on the Charles River in the dynamic East End neighborhood of Watertown, Arsenal Yards will be a thriving urban village with over 50 retailers & restaurants including Roche Bos. and the seven-screen Majestic Theater, over 300 contemporary residences, a 150-room Hampton Inn & Suites by Hilton, as well as office and life sciences space. The development will also include considerable open spaces throughout, access to a revitalized Arsenal Park, as well as connection to the Watertown-Cambridge multi-use bike path. Arsenal Yards is being developed by Boylston Properties, Wilder, and J.P. Morgan.


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Projects

Onyx Hotel
Common Allbright
LINX Watertown
Residence Inn Boston Watertown
Arsenal Yards