For over 90 years Midwood has cultivated a diversified real estate portfolio comprised of retail, office, residential, mixed use and net leased properties.
Founded in Midwood, Brooklyn in 1925 by Samuel Lemberg, the company has grown from a residential brokerage into a sophisticated investment and development platform that owns over 125 properties in 10 states and the District of Columbia comprising in excess of 3,500,000 square feet with a development pipeline of more than 1 million square feet.
Today the company actively seeks to acquire investment and development opportunities in our primary markets of New York City, Boston, Philadelphia and Washington D.C. We are relentlessly focused on creating value at the intersection of intellectual, cultural, social and economic capital in major urban centers.
Mar 04, 2020
Midwood Now Planning 21-Story Office Tower at One Bromfield
Midwood Investment & Development is now planning a 21 story office/retail tower at One Bromfield in Downtown Crossing. New documents call for a 424,000 square foot building to feature two floors of retail space with office above. There would be no parking included in this new development plan. Midwood recently refinanced the site for $31M.
Feb 02, 2020
$2.84M Permit Pulled for WeWork Fit-Out at One Milk Street
A permit valued at $2.84M has been pulled for the fit-out of the upcoming WeWork space at the renovated One Milk Street. The permit calls for new finishes to the 3rd-6th floors of the building, around 17,200 square feet in total. Work will also include modifications to HVAC, fire, electrical and plumbing.
Dec 16, 2019
One Bromfield Street Site Refinanced for $31 Million
The site of the One Bromfield development project has been refinanced for $31 million. The LOI was filed in 2008, however, the project has still not gotten off the ground.
The proposed project would demolish existing buildings on the site and calls for the construction of a 683-foot tall 59-story mixed-use tower in Downtown Crossing.
The tower would contain a total of 419 residential units including 300 rental apartments and 119 condominiums. 54 residential units would be designated affordable. The 605,000 square foot tower would also contain 30,000 square feet of retail space as well as 235 underground resident parking spaces.
Nov 15, 2019
Downtown Crossing Building Refinanced for $27 Million
One Milk Street has been refinanced via Valley National Bank for $27 million.
The property features a 45,000-square-foot historic building located at the corner of Washington and Milk Streets in Downtown Crossing. The repositioned building features a modern office and retail space. One Milk Street is also home to one of Boston's WeWork locations.
Retail is located on One Milk Street’s ground floor, with office spaces on the second through sixth floors. Available office space ranges from 2,856 to 28,775 square feet.
Mar 06, 2019
Renovated, Historic Buildings at One Milk Street Now Leasing
The repositioning of One Milk Street is nearly complete with newly renovated office and retail space available for lease. The project consists of two buildings both with a rich history. The Franklin Building, located at 17 Milk Street, was built in 1874, housed the Boston Post newspaper until 1905 and is also known as the site of Benjamin Franklin's birth. The Transcript Building, at 322 Washington Street, was completed in 1873 and was home to the Boston Evening Transcript.
Retail space is located on One Milk Street’s ground floor, with office spaces on the second through sixth floors. Available office space ranges from 2,856 to 28,775 square feet and features high ceilings, exposed brick, and large windows.
Oct 08, 2018
Renovation of One Milk Street Nearing Completion
The renovation of One Milk Street in the heart of Downtown Crossing is nearing completion with windows in place for first floor retail space and interior work being completed on the upper floors that will house office space. The renovation of the 45,000 sf building also includes a new HVAC, roof, and electrical systems.
Jun 29, 2018
Work on New Store Fronts Continues at One Milk StreetThe repositioning and renovations at One Milk Street in the heart of Downtown Crossing continues with work on both the Transcript and Franklin buildings. This renovation will create new storefronts along Washington Street and Milk Street and add a new curtain wall on Milk Street. Interior work will include new elevators and fire protection system. The upper floors will feature modern office space, now available for lease.
Oct 20, 2017
Repositioning of One Milk Street office and retail building in Downtown Crossing begins
A groundbreaking ceremony was held last Thursday (October 19th) for the renovation and repositioning of One Milk Street, a 45,000-square-foot historic building located at the corner of Washington and Milk Streets in Downtown Crossing, into state-of-the-art office and retail space. When complete, One Milk Street spaces will feature exposed brick, eight-foot windows and high ceilings, with fully modernized building systems. Space at One Milk Street is now available for lease. One Milk Street developer Midwood Investment and Development acquired the building in September 2015 for $18.2 million.
Apr 04, 2016
New details and renderings for proposed Downtown Crossing towerMidwood Investment and Development has released new details and renderings of its' proposed Downtown Crossing tower in a filing with the Boston Civic Design Commission. The tower would reach 59 stories and 683 feet tall, just two feet shorter than Millennium Tower. The tower's architect is Adrian Smith + Gordon Gill Architecture of Chicago.Midwood Investment and Development has not yet filed a formal Letter of Intent to construct the tower. Details and renderings of the proposed tower are posted below. The following is a link to the full Boston Civic Design Commission filing.
Mar 20, 2016
Banker and Tradesman reports that Midwood Investment & Development will submit a formal filing by the end of March proposing a new tower at Bromfield and Washington streets in Downtown Crossing. Midwood is reportedly proposing to build a 59-story, 607,000 square foot residential tower with 473 total units; the tower would contain 300 market-rate apartments, 119 condominiums and 54 affordable units. An underground parking garage would reportedly be built with 234 parking spaces. Midwood reportedly plans to be a long-term owner of the proposed tower.
Midwood first proposed to develop the parcels at Bromfield and Washington streets in 2008. Plans were drawn for a 28-story, $200 million mixed-use tower with 260 luxury apartments and six floors of retail space, but a proposal was never formally filed. The following is a rendering of the original proposal, then known as One Bromfield:
Midwood's parcels are located across Washington Street from near-completion Millennium Tower. If approved, Midwood's currently proposed tower would reportedly join Millennium Tower among the five tallest buildings in Boston.
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