0 500 Boylston in Back Bay to Add Courtyard Retail Shops

Posted on April 1, 2015 by Wil Catlin

back bay retail space added to 500 boylston street

Credit: The Boston Globe

The limited supply of Back Bay options is providing a creative opportunity for landlords. Equity Office (EOP) is looking to add 80,000 square feet of space to the front of 500 Boylston Street.

From the Boston Globe:

“Equity Office Properties notified the Boston Redevelopment Authority Friday of its plans to build an 80,000-square-foot addition in front of the 25-story tower and its main entrance. The company also wants to convert up to 50,000 square feet of office space in the tower to retail…500 Boylston was the subject of controversy even before it opened in 1989. Designed by the celebrated architect Philip Johnson with John Burgee Architects, its postmodern style was divisive.”

0 Prudential Center Expanding Retail Space in Back Bay

Posted on March 26, 2015 by Wil Catlin

Credit: Wikipedia

Retail is growing in Back Bay with the help of Boston Properties. 16,343 square feet of new retail is coming to the already 500,00 square feet plus.

From the BBJ:

“Boston Properties is adding space for up to three new retailers at the Prudential Center, the 502,813-square-foot retail complex in Boston’s Back Bay neighborhood…Shawmut Design and Construction has been issued a $9.2 million building permit to build the core and shell of 16,343 square feet of space along the center’s Boylston Arcade off 800 Boylston St.”

0 Back Bay and North Station May Get New Office Towers

Posted on February 11, 2015 by Wil Catlin

Credit: B&T

Boston Properties is moving forward with 2 major projects located at 2 transportation hubs. Back Bay Station is the proposed spot of a new tower development, while North Station will benefit from the same.

From Banker and Tradesman:

The real estate investment trust said this morning it has entered a joint venture to acquire the air rights for the 377,000-square-foot initial phase of the North Station redevelopment. It also has signed a 44-year extension on its lease for the Clarendon Street parking garage with the state Department of Transportation, part of a larger proposal to build two towers containing offices, residences and retail above Back Bay Station. As part of the agreement, Boston Properties will take over management of the renovated station, which serves the Orange Line subway and several commuter rail lines.

0 Newbury Street Real Estate Goes in ‘Hub Buying Spree’

Posted on January 28, 2015 by Wil Catlin

Credit: The Real Reporter

Urban Meritage closes on another piece of Newbury Street real estate by adding 50,000 rentable square feet.

From The Real Reporter:

Bringing its CRE holdings secured here to 11 properties in just 21 months, the partnership of Urban Meritage and Novaya Ventures (UMNV) has taken a giant step forth in purchasing the hulking six-story 126 Newbury St. from its longtime New York owner in an eye-popping $54.2 million deal consummated earlier today. Rudin Management’s trade brings UMNV’s portfolio of assets focused along the famed shopping boulevard to nearly $150 million, blowing past the $100 million level in one fell swoop and giving the firm three prime buildings between Berkeley and Exeter Streets, the latest on the third block up from the Boston Public Garden and next to the second block where UMNV began its platform via the $10.0 million.

0 Back Bay Retail Development Boost Ahead

Posted on January 19, 2015 by Wil Catlin

Retail is getting a makeover in Back Bay. Boston Properties will making some major announcements as it pertains to their new building 888 Boylston Street and the neighboring retail spaces.

From Women’s Wear Daily:

The Shops at the Prudential Center are about to get a major overhaul complements of Boston Properties…Executives there declined to name any of the incoming tenants just yet, but vowed to identify the retailer that has been secured for a nearly 9,000-square-foot space in the mall in the next few months.

The Pru’s food atrium is [also] said to be getting a serious makeover and Boston Properties reportedly will build a grand-scale new building for office space, luxury condos and retail nearby at 888 Boylston Street near Gucci’s current location. As reported, the first Primark store will bow in Boston later this year at Downtown Crossing as part of the multi-million dollar Millenium Tower and Burnham Building development project. Millenium Partners plans to build a 60-story glass tower near where the original Filene’s once stood.

0 Back Bay Project Progressing

Posted on January 19, 2015 by Wil Catlin

rendering of proposed renovations at Back Bay station in Boston

Rendering courtesy of the Boston Globe

Boylston Street in Back Bay is closer to adding a new address for a $330 million mixed use project. This is known as Parcel 13, which is on the North East side of Mass. Ave. & Boylston Street.

From The Boston Globe:

Peebles Corp. was chosen over two rival bidders to develop Parcel 13, a rectangle of state-owned air rights at the intersection of Massachusetts Avenue and Boylston Street that stretches over the Massachusetts Turnpike. Peebles now needs to win both state and city approvals to move ahead with the project…The proposed development, designed by Handel Architects of New York and about a block long, would include a 156-room hotel, 88 condominiums, 138 parking spaces, community areas, and 26,000 square feet of retail space. The building’s footprint would stretch from Mass. Ave. to Dillon’s Restaurant & Bar on Boylston Street and would feature a distinctive squiggle shape.

0 Plan Submitted for Site over Mass. Pike in Back Bay

Posted on November 24, 2014 by Wil Catlin

Developers continue to look for new sites and space above the Pike has is now entertaining a third developer. Office and retail rents are expected to continue to climb upward through 2015.

Credit: The Boston Globe

According to The Boston Globe, the third proposal entails building “student housing, a hotel, and retail space as part of a sweeping redevelopment of a state-owned parcel at the corner of Massachusetts Avenue and Boylston Street…Boston Residential Group’s plan calls for three buildings that would rise to 24 stories along Boylston Street. The complex would be linked to a nearby MBTA station and include a public rooftop garden.

More information is available on the Boston Globe website, here.