• 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
- 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.


Arsenal Yards
- Dec 18, 2018

Foundation Work Continues for Hotel/Parking Garage at Arsenal Yards Foundation work is ongoing for Building B at the Arsenal Yards project. This part of the project is set to include a parking garage and 150 room Hampton Inn. Across the parking lot, renovations are continuing in Building F future home of the Majestic Cinemas. When complete in 2020 Arsenal Yards will feature 425 residential units along with 450K sf of office and retail space.  


LINX Watertown
- Nov 26, 2018

Watertown Office Properties Acquired for $157.56 Million Clarion Partners has acquired the LINX in Watertown and the adjacent property at 480 Arsenal Street for $157.56 million. The Linx 185,000-square-foot Class A, LEED-certified creative office building now leasing located in Watertown steps from the upcoming Arsenal Yards mixed-use development. LINX Watertown features an open floor plan with high ceilings, extensive outdoor green space and regular shuttle service to Harvard Square. 480 Arsenal Street is located at 480 Arsenal Street in Watertown. The Class B Office building was completed in 2002 and features a total of 141,548 square feet. It sits on a 10.358-acre lot and is currently the headquarters for New England Sports Network (NESN).   


Arsenal Yards
- Oct 24, 2018

Arsenal Yards Announces Shake Shack Is Moving To The Neighborhood Boylston Properties and The Wilder Companies proudly announced today that Shake Shack will join Arsenal Yards, which by 2020 will be a thriving new neighborhood comprised of over more than one million square feet of development including 250,000 sq. ft. of curated shops and eclectic eateries, 200,000 sq. ft. of new and existing creative office and life science space, 425 contemporary residences, and a 150-room Hampton Inn & Suites by Hilton. The development will also include dedicated green space, access to a revitalized Arsenal Park, connection to the Watertown-Cambridge multi-use pathway and an accessible pedestrian/bicycle path to the Charles River.   Known as a cult-favorite around the world, Shake Shack is a critically acclaimed, a modern-day burger stand praised for its delicious food, including premium burgers, chicken sandwiches, flat-top dogs, frozen custard shakes and crinkle cut fries. As part of Shake Shack’s mission to Stand For Something Good®, they source only the highest quality ingredients from the best ranchers, farmers, bakers, and food purveyors. Their beef is 100% all-natural Angus, never frozen, vegetarian fed, humanely raised and source verified. Their chicken is 100% all-natural and their flat-top hot dogs are 100% all-natural Vienna beef. All with no hormones or antibiotics, ever.   "We're excited to add another dynamic gathering place to Arsenal Yards," said Tom Wilder, principal of The Wilder Companies. "Shake Shack’s investment in everything they do from sourcing high-quality ingredients, often from local artisan purveyors, to the investments they make in developing deep ties to their communities is truly unique and we're excited to have them be a part of the Arsenal Yards' experience."   The Shake Shack at Arsenal Yards menu will feature all the Shack classics, including the ShackBurger®, crinkle-cut fries, and hand-spun shakes, plus a selection of frozen custard concretes in collaboration with local food purveyors. Shake Shack will donate a portion of the proceeds from one of the concretes to a local Watertown charity partner. In keeping with Shake Shack’s commitment to green architecture and eco-friendly construction, the restaurant will be constructed with recycled and sustainable materials. Booths will be made from lumber certified by the Forest Stewardship Council, and tabletops will be made from reclaimed bowling alley lanes.   "We’re thrilled to bring Shake Shack to Arsenal Yards," said Andrew McCaughan, Vice President of Development at Shake Shack. "East End Watertown is a unique, culturally rich community that holds tremendous potential for continued growth. We couldn't be more excited to move into the neighborhood."   “When Shake Shack moves to a new neighborhood they always integrate seamlessly into to the community, becoming a part of the dialogue, and working with charity organizations, community centers, and local neighborhood partners, which speaks volume to their overall success as an international cult-favorite," said Mark Deschenes, a Principal of Boylston Properties. “Their confidence in, and commitment to East End Watertown speaks to the excitement around, and reputation of Arsenal Yards as Boston’s next great neighborhood.”


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Projects

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