About 125 Lincoln Street
Existing 115,625 square foot parking garage including upper-floor office and ground-floor retail space located on a 27,800 square foot lot steps to South Station. Existing zoning for the 125 Lincoln Street parcel would allow up to 223,880 square feet of mixed-use development; current tenant lease termination options would allow a potential development to begin in 2018. The existing garage was completed in the 1950s and yields a Net Operating Income (NOI) of $2 million; office and retail space are 100% leased.
Oxford Properties Group proposes to demolish the existing parking garage and construct a new, approximately 625,000 square foot, 24 story office building containing retail, restaurant, and other commercial uses on the ground floor, below grade parking and indoor/outdoor public space. The project will be a dynamic addition to downtown Boston that will revitalize the site.