0 Under Armour Mega Store Plotted for Newbury Street and Patriot Place

Posted on June 18, 2015 by Wil Catlin

Credit: BBJ

Under Armour is looking to make a statement on Newbury Street in Back Bay with a 30,000 square foot store front. The company is planning to grow its US footprint from 125 to 225 stores within the next year.

From the BBJ:

Under Armour CEO Kevin Plank, speaking at the Boston College Chief Executives Club luncheon at the Mandarin Oriental Hotel, said the company would look at opening a Newbury Street store as well as one at Patriot Place in Foxborough.

“The world deserves experiences and it’s our job to give it to them,” said Plank.

0 Boston Startup moves from Cambridge to Newbury Street to Expand Workforce

Posted on May 12, 2015 by Wil Catlin

Bridj is on the move and parked on Newbury Street. 283/285 Newbury Street offered an experience that aligned well with vision of Matt George, Bridj founder and CEO. Off street parking, roof deck and 3 floors of creative space.

Credit: BBJ

Bridj has elected to share this experience through Pivotdesk, have a look and see if it works for your growing team.

From the Boston Business Journal:

The company moved out of a co-working space at the Cambridge Innovation Center into a 5,400-square-foot space at 283 Newbury St. in Boston earlier this year.

“We were outgrowing the CIC and while co-working spaces are great and they have lots of benefits and amenities, it’s really hard to start building your own culture (there),” said Ryan Kelly, Bridj’s marketing manager.

0 B.Good Executives Among Boston’s Shared Office Space Aficionados

Posted on March 10, 2015 by Wil Catlin

shared office space on Newbury Street in Boston

Credit: Boston Globe

What types of business use shared workspaces? Well, the cofounder of b.good is an avid user of Oficio on Newbury Street.

“Jon Olinto, cofounder of the restaurant chain b.good and [his] b.good cofounder Anthony Ackil, his childhood best friend, hold job interviews and meetings in conference rooms at Oficio, which runs two shared office spaces on Newbury Street. About 350 entrepreneurs and companies rent space at Oficio, paying anywhere from $69 a month to use the mailing address to $2,300 a month for a dedicated office for a team of eight workers, with 24/7 access. Oficio provides lunch about once a week, hosts networking events, and schedules guest speakers, such as accountants, to talk about the basics of running a business,” according to a Boston Globe article.

You can read the full Globe article, here. Alternatively, you can use our resources for more information on shared workspaces in Boston.

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 Frye Trots Out Newbury Street Store

Posted on September 29, 2012 by Wil Catlin

More boots to Newbury Street; the nation’s oldest continuously operated footwear brand, Frye Boots, is opening their 2nd U.S store on the corner of Newbury and Gloucester.

The Boston Globe is reporting that Frye Co. “plans to open a three-story flagship store on Newbury Street next spring. It will take over the space formerly occupied by Charley’s restaurant, which closed Sunday after being unable to negotiate a new lease with the building’s owner.”
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0 Commercial Boom in Back Bay Lures Jamestown Properties

Posted on September 13, 2012 by Wil Catlin

The Back Bay office and retail markets continue to push valuations to pre-recession pricing, while maintaining the lowest vacancy rate in both segments. Pricing for Class A upper floor tower space is up to $80 a square foot.

A New York Times editorial on the boom of back bay commercial real estate notes that “last fall, Jamestown Properties paid $226 million for a 130,000-square-foot portfolio spread over 28 buildings, mostly on Newbury Street…Jamestown bought in Boston’s Back Bay because the district had long been a sound property market, said Michael Phillips, chief operating officer at Jamestown. The current boom “is an added benefit,” he said.

More information on Jamestown Properties, continue reading the complete NY Times editorial.

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