100 Shawmut Update 05/26/17

13-story, 155-residence development proposed in busy South End district


The Davis Companies proposes to construct a 7-story addition to 112 Shawmut Avenue, a six-story, 70,000-square-foot brick-and-beam South End office building located in the rapidly-developing New York Streets neighborhood, creating a 13-story, 155-residence development with a 975-square-foot ground-floor cafe. Davis has not yet disclosed whether residences would be apartments or condominiums. Davis acquired 112 Shawmut Avenue in July 2015 for $26.2 million, or $374.29 per square foot; the building last sold in 1996 for $2.2 million, or $31.43 per square foot. Davis has filed a Letter of Intent (LOI) to construct the 112 Shawmut Avenue project with the Boston Planning & Development Agency (BPDA), who is now reviewing the project. Additional project details will be revealed in the coming months.

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