Lyra
Update
03/21/16
BU Today reports the Huntington Avenue theater property currently owned by Boston University is under agreement for $25 million to an investment group working with Boston-area developer John Matteson. Matteson is currently a partner at Harbinger Development, a Wellesley-based real estate investment firm currently developing the Haymarket Hotel and Parcel A Hotel in Boston. Matteson is also the founder and CEO of real estate investment firm The Matteson Companies.
Following closing of the sale, the Huntington Theater Company will receive rent-free use of the Huntington Avenue property, on which it has operated for 34 years, through June 2017. BU Today reports that Matteson is speaking with the theater company regarding the possibility of continued use of the Huntington Avenue property past June 2017. The sale includes the 890-seat theater building at 264 Huntington Avenue in addition to two adjoining buildings at 252 and 258 Huntington Avenue. The three buildings have been owned by Boston University for 62 years.
