Credit: Boston Globe
At the intersection of Huntington and Mass. Ave stands Horticultural Hall which will have a new owner, Marcus Partners. The building is 45,000-square feet and is scheduled for upgrades to the lobby and entrances.
According to the Boston Globe, “Horticultural Hall’s tenants include the Museum of Fine Arts’s William Morris Hunt Memorial Library, the New England Conservatory of Music, and the offices of Boston magazine.”
You can read more about the prospective updates to Horticultural Hall on the Boston Globe.
Boston will be home to two 4 Season’s hotels when Carpenter is done with the 58-story project on Dalton Street.
Credit: Boston Business Journal
From the BBJ:
Lot 1A is set to be the site of a 58-story tower with a hotel and restaurant as well as apartments, with open space planned for Lot 1B, according to documents filed with the Boston Redevelopment Authority in September 2013…a mid-rise tower is also planned on an adjacent parcel at 30 Dalton St., which an entity of Pritzger Realty Group of Chicago acquired in October for $21.9 million.
Development opportunities continue in Back Bay with some interesting restrictions from sellers.
According to a report on the BBJ, “the Church Realty Trust, which administers property for the First Church of Christ Scientist, dictated in a deed conveying a parcel at 30 Dalton St. to developers that the land was subject to long-term use restrictions that reflect Christian Science teaching around alcohol sales, pornography and, to a limited extent, medical practices.”
Additional details are available on the Boston Business Journal, here.
Photo Credit: Boston Business Journal
The Back Bay skyline is poised to change yet again with the plans filed for a 1 million square foot development at the Christian Science Church.
Details of the plans filed were posted on the BBJ:
“the church has proposed a pair of towers at Belvidere and Dalton streets that will include a 712,500-square-foot hotel and condominium skyscraper at 691 feet. At 14 feet per floor, that would be about 49 stories, slightly shorter than the Prudential tower’s 52 floors. A second mid-rise would be a 237,500-square-foot apartment building at 285 feet. At 12 feet per floor, it would be about 24 stories. The project will also include a 4,300-square-foot park and an unspecified amount of ground floor retail.”
The complete article is available on the BBJ’s website, here.
Related Office Space
Commercial Real Estate in Back Bay
Photo Credit: Wikipedia
The Back Bay skyline is poised to change with the addition of 800,000 SF, mixed use project by Carpenter & Company at the Christian Science Plaza on Huntington Avenue. The Back Bay office market continues to be one of the tightest with vacancy rates ending 2012 just below 5.8% and Class A rents nearly $56.00 PSF.
An article on The Real Reporter notes “the 800,000 sf that can be produced on the two sites could be in the $650 million range and would in one expert’s view “be perfect” for a hospitality use or mixed-use project similar to the Charles River Hotel across the river in Harvard Square.”
Additional details about the project are available on The Real Reporter’s website.