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 plans also call for the redesign of approximately 7,500 square feet of existing open space at the corner of Lincoln Street and the Greenway, adjacent to the new publicly accessible indoor space. Parking capacity for up to 275 vehicles would be located in up to five levels below grade.