• Boylston properties

Totals

Total Square Footage 243,392
Total Dollar Volume $506,755,000.00

General

Established 1982
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Description

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

Boylston Properties
- 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. 

Majestic Theater Arsenal Yards Watertown


Boylston Properties
- 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.


Boylston Properties
- 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.

Arsenal Yards 1

Arsenal Yards Watertown 2

Arsenal Yards 3

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.

 


Boylston Properties
- 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 life sciences


Boylston Properties
- 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.


The Wilder Companies
- 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.

Arsenal Yards Watertown

Across the parking lot, renovations are continuing in Building F future home of the Majestic Cinemas.

Arsenal Yards December

When complete in 2020 Arsenal Yards will feature 425 residential units along with 450K sf of office and retail space.

 


Clarion Partners
- 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).   


The Wilder Companies
- 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.”


The Wilder Companies
- Oct 19, 2018

Watertown's Arsenal Yards Revamp is in Full Swing

Various stages of construction are ongoing at Arsenal Yards in Watertown. The project that is being completed in phases through 2020 will include 250,000sf of retail, 200,000sf of office, a 150 room hotel, and 425 residential units.
The two historic buildings on the site that will remain have been gutted for renovation. A goal of the project is to maintain their character as a call back to the site's history as the home of the U.S. Army's Watertown Arsenal. When completed these two buildings will hold a Majestic Cinema and various shopping and dining options.

Arsenal_yards_1

Arsenal_yards_3

Construction crews are also pouring the foundation for Building B which will house the Hampton Inn and the parking garage for the development.  The project is also set to include an outdoor plaza and a park connected to the Charles River. 

Arsenal_yards_2


Arsenal Yards
- Jul 17, 2018

Arsenal Yards Receives Additional Financing

The Arsenal Yards development in Watertown has received an addition $102 million in financing .totalling $324 million for the project. HFF worked on behalf of Boylston Properties, The Wilder Companies, and Jonathan Bush to source institutional investors advised by JP Morgan Asset Management as joint venture equity partners, providing $102 million of equity. This comes after the project had received a $222 million loan from Wells Fargo Bank in the beginning of June (2018).

The property is a multi-phased redevelopment and expansion of the former Arsenal Mall in Watertown’s East End. Arsenal Yards will feature 350,000 square feet of retail and entertainment, approximately 425 residences ranging from studios to three-bedrooms, a 145-room Hampton Inn and Suites by Hilton hotel and 100,000 square feet of office space. Retail at Arsenal Yards will include a 30,000 square foot specialty grocer, a cinema with 6-8 limited-seating screens, active entertainment, a combination of boutiques and national retailers, half a dozen chef-driven restaurants and a premium wine superstore.


Arsenal Yards
- Jun 07, 2018

Arsenal Yards Mortgaged for $222 Million

The Arsenal Yards development project has been mortgaged for $222 million via Wells Fargo Bank.

The property is a multi-phased redevelopment and expansion of the former Arsenal Mall in Watertown’s East End. Arsenal Yards will feature 350,000 square feet of retail and entertainment, approximately 425 residences ranging from studios to three-bedrooms, a 145-room Hampton Inn and Suites by Hilton hotel and 100,000 square feet of office space. Retail at Arsenal Yards will include a 30,000 square foot specialty grocer, a cinema with 6-8 limited-seating screens, active entertainment, a combination of boutiques and national retailers, half a dozen chef-driven restaurants and a premium wine superstore.


Arsenal Yards
- Apr 27, 2018

Arsenal Yards Announces New Key Tenants

Arsenal Yards, Boston’s new mixed-use destination development from Boylston Properties and The Wilder Companies, announced today that Roche Bros., the locally owned and family-operated grocer, has signed on to open a large-scale, full-service supermarket offering high-quality meat, seafood and produce, ready-to-eat prepared foods, national grocery favorites, catering, and home delivery. 

The Majestic at Arsenal Yards, a state-of-the-art movie theater, is joining as a premier entertainment destination. City Works Eatery & Pour House, recognized for its classic American cuisine with a modern twist and outstanding selection of 90+ local and global beers will be opening its first New England location at Arsenal Yards.



Arsenal Yards
- Apr 08, 2018


Phase 4 of Arsenal Yards

Phase 4 of the Arsenal Yards master plans to be presented and discussed at a community meeting on Thursday, April 12th. The final layout and design of buildings C, D and E.2 will be explained as well as discussing the operation of the property during construction.

These three buildings will contain retail, residential apartments and dedicated residential parking. The discussion will also include the massing of the buildings.


LINX Watertown
- Jan 10, 2018

Addgene leases space at LINX Watertown, building now over 50%-leased


The recently completed 185,000-square-foot LINX Watertown Class A office building has landed its' third life sciences tenant with Addgene's lease of 39,333 square feet, bringing the building to 56%-leased. Addgene, a locally-based nonprofit repository created to help scientists share information, joins C4 Therapeutics and Macrolide Pharmaceuticals at LINX and is the second life sciences company to relocate to LINX from Cambridge, C4 being the first, and the latest step in Watertown's emergence as a life sciences destination. LINX developer Boylston Properties is currently constructing Arsenal Yards, a $400 million mixed-use development located steps from LINX that will open in spring 2019 and feature 100,000 additional square feet of office space, as well as 350,000 square feet of retail and entertainment, approximately 425 residences and a 145-room Hampton Inn and Suites by Hilton hotel.


LINX Watertown
- Oct 26, 2017

Macrolide Pharmaceuticals leases space at new LINX Watertown office building


Macrolide Pharmaceuticals has leased over 18,000 square feet at the new 185,000-square-foot LINX Watertown creative office and lab building, which opened last Summer. Macrolide’s lease follows C4 Therapeutics’ lease of over 45,000 square feet at the building in July. Macrolide is a developer of preclinical antibiotic compounds that fight some of today’s most dangerous bacterial threats.


Macrolide’s move to LINX epitomizes Watertown’s emergence as a life science hub and credible alternative to traditional locations such as Kendall Square. “LINX, with its' proximity to Boston and Cambridge, continues to attract top-notch life science companies...[who] appreciate that this property is in a walkable, urban neighborhood with new housing, restaurants, retail and hotels," said Bill McQuillan, President of LINX developer Boylston Properties, in a prepared statement. Boylston Properties is also constructing Arsenal Yards, a transformative mixed-use development located steps from LINX, which will feature 350,000 square feet of retail and entertainment, approximately 425 residences ranging from studios to three-bedrooms, a 145-room Hampton Inn and Suites by Hilton hotel and 100,000 square feet of office space.


LINX Watertown
- Jul 13, 2017

New 185,000-square-foot LINX Watertown creative office building lands first tenant with C4 Therapeutics’ lease of 45,559 square feet


Private biotechnology company C4 Therapeutics will relocate from Cambridge to the newly built 185,000-square-foot LINX Watertown creative office building, becoming LINX’s first tenant and leasing 45,559 square feet. With C4’s lease, LINX is now 25%-leased; Cushman & Wakefield represented developer Boylston Properties in the transaction, and JLL represented C4 Therapeutics. LINX is located in Watertown’s fast-transforming East End, which is undergoing a tremendous renaissance. Boylston Properties will soon start construction of Arsenal Yards, a transformative mixed-use development located steps from LINX which will feature 350,000 square feet of retail and entertainment, approximately 425 residences ranging from studios to three-bedrooms, a 145-room Hampton Inn and Suites by Hilton hotel and 100,000 square feet of office space.


The East End of Watertown is quickly becoming a credible alternative to Kendall Square and other traditional technology and life science company locations. “C4 Therapeutics’ commitment to LINX is a validation of the East End of Watertown’s location for life science companies that are currently located in Cambridge,” stated Cushman & Wakefield Executive Director Duncan Gratton. “We have a lot of leasing momentum and are seeing an increasing number of Cambridge lab and technology companies touring LINX. We expect to be signing additional leases in the near future.” “The East End of Watertown is the ideal location for C4 Therapeutics,” said Boylston Properties’ President Bill McQuillan. “Not only does the proximity to Boston and Cambridge make the location attractive to technology and life science companies, but the location offers a walkable, urban neighborhood with new housing, retail, restaurants and two new hotels.”


C4 is expected to take occupancy of its’ new space in early 2018. The company is renowned for its’ development of breakthrough technologies that treat a number of diseases without the issue of drug resistance. “We are very excited about relocating to the LINX building and to calling Watertown our new home,” said C4 Therapeutics CEO Andy Phillips. “LINX is a spectacular work environment that offers us the ideal spot to grow as a company. We like the proximity to other biotechs and we are also thrilled to be part of the vision for growth and rejuvenation in and around Arsenal Yards.” LINX features numerous desirable amenities including an acre of outdoor green and recreation space and a high-ceilinged lobby area with a cafe and seating.


LINX Watertown
- Jun 13, 2017

Construction complete at LINX Watertown, new creative office space now leasing


Construction is complete at LINX Watertown, a new 185,000-square-foot Class A creative office building located steps from Watertown's upcoming $400 million Arsenal Yards mixed-use development. Built by Callahan Construction, the LEED-certified LINX Watertown features an open floor plan with high ceilings, with amenities including extensive outdoor green space and a dramatic two-story atrium lobby. Office space at LINX Watertown is now available for lease. The building is the latest Watertown development from Boylston Properties, who recently cut the ribbon on the new 150-room Residence Inn Boston-Watertown and is now building Arsenal Yards, which will feature 350,000 square feet of retail and entertainment, approximately 425 residences ranging from studios to three-bedrooms, a 145-room Hampton Inn and Suites by Hilton hotel and 100,000 square feet of office space. The following are photographs of LINX Watertown, courtesy Boylston Properties:


LINX-Watertown-Creative-Office-Space


Arsenal Yards
- Apr 23, 2017

Hotel added to Arsenal Yards development in Watertown


Boylston Properties, in a joint venture with Stonebridge Companies, will build a 145-room Hampton Inn and Suites by Hilton hotel as part of the upcoming $400 million Arsenal Yards mixed-use development in Watertown. The hotel will replace a previously planned residential apartment building along Arsenal Street, reducing total residences at Arsenal Yards to 425 from 500. Retail will be located on the hotel’s ground floor. Boylston hopes to begin construction later this year on Arsenal Yards; the project’s first phase, which will include the hotel, is expected to open in Spring 2019. Boylston and Stonebridge recently completed Residence Inn Boston Watertown, a 150-room hotel located across from the Arsenal Yards site, which is Watertown’s first new hotel in over 50 years. The following is a rendering of the Arsenal Yards hotel:


Hotel


Arsenal Yards
- Jan 17, 2017

Watertown unanimously approves Arsenal Yards development, construction start imminent


The City of Watertown’s Planning Board has unanimously approved Arsenal Yards, the mixed-use redevelopment and expansion of the former Arsenal Mall. Developers Boylston Properties and The Wilder Companies intend to start construction of Arsenal Yards in six to eight months. “This new community in Watertown’s East End will bring vibrancy of the city and an urban energy along with the convenience and green spaces of a suburb,” says Boylston Properties Principal Bill McQuillan. “We’ve worked with Watertown residents and officials to bring a unique constellation of uses with today’s busy families and individuals in mind.”


LINX Watertown
- Jan 12, 2017

LINX Watertown interior nears completion


Interior finishing of the LINX Watertown creative office building is nearing completion. Interior lighting and finish panels have been just about fully installed. The interior is now ready for installation of interior furnishing and LINX Watertown's distinctive artistic finishes. LINX Watertown is now leasing and ready for office tenant fit out. The following is a photograph of the nearly completed LINX Watertown atrium:



LINX Watertown
- Oct 19, 2016

Finishing touches underway at LINX Watertown


Exterior and interior finishing touches are being installed at LINX Watertown, a 185,000 square foot creative office building located in Watertown. LINX Watertown is leasing for a January 1st, 2017 opening and features an open floor plan with high ceilings, extensive outdoor green space and regular shuttle service to Harvard Square. The following are new photographs of LINX Watertown by Callahan Construction:


LINX Watertown by Callahan


Residence Inn Boston Watertown
- Sep 23, 2016

Ribbon cut on first new Watertown hotel in over 50 years


A ribbon cutting ceremony was held last Tuesday (September 20th, 2016) marking the opening of Residence Inn Boston Watertown, the first new Watertown hotel in over 50 years; the following is a link to the official press release announcing the opening. The hotel features 150 studio, one-bedroom and two-bedroom suites with guest amenities including meeting space, a swimming pool, a fitness center and complimentary on-site parking.


Residence Inn Boston Watertown is conveniently located along the Charles River a short drive to Downtown Boston. The proposed Arsenal Project, a mixed-use development that would contain approximately 500 residential units and approximately 350,000 square feet of retail, is located across from the hotel. “We built a contemporary building on purpose that has a 24/7 life to it,” said William McQuillan, Principal of developer Boylston Properties. “It’s about the future of Watertown, and it’s one of a number of projects going on in the East End that are all about the future of Watertown.”


Arsenal Yards
- Sep 05, 2016

Arsenal Mall owners propose dynamic mixed-use mall redevelopment


In two recent community meetings, Boylston Properties and Wilder Properties outlined plans for the proposed redevelopment of the existing Arsenal Mall located along the Charles River in Watertown. A formal project application to the City of Watertown's Planning Board is expected this month. Boylston Properties and Wilder Properties acquired the Arsenal Mall in August 2013 for $70.5 million. Plans call for the repositioning of the two existing mall buildings and construction of five additional buildings on the mall's surface parking lot, creating a total of approximately 500 residential units and approximately 350,000 square feet of retail. Additional information about the proposed project, including architectural renderings, can be found above. The following are links to the Project Narrative, Community Outreach Meeting #4 presentation and Community Outreach Meeting #5 presentation for The Arsenal Project.


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