0 Newbury Street Remains ‘Super-Submarket’ within the Back Bay

Posted on January 24, 2019 by Wil Catlin

Credit: Bisnow

Newbury Street has been a passion of mine since the early ’80’s when I spent time doing deliveries for my late father’s art gallery. Thank you to: Bisnow, Aaron Twersky, David Gerzof Richard, AVALT, Asana Partners, Jamestown, Dartagnan Brown, UrbanMeritage, BIGfish Communications

The Newbury Street ‘super-sub’ market has continued to develop and flourish since that time into its current iteration, where “the spaces above the ground floor are now some of the most desirable workspaces in Boston. These 207 buildings in Back Bay form a submarket within a submarket, a working enclave totaling over 3M SF. Properties on Newbury Street are able to leverage a built-in cool factor that most office buildings and new developments can’t duplicate. Unlike other Boston submarkets with seasonal attractions, Newbury Street is a year-round destination — the neighborhood has a perpetual energy,” according the Bisnow.

“You never have to leave the street. Every possible food and beverage option, as well as every type of service, is just steps from your office front door,” Back Bay Association President Meg Mainzer-Cohen said. “Newbury Street is also a stone’s throw from a park system that is one of the best in the country, including Boston Public Garden and the Esplanade, making it easy to step out and recharge.”

You can read the full Bisnow article on its website, here.

0 Car Bans for Select Boston Streets?

Posted on June 7, 2016 by Wil Catlin

Credit: twitter

Imagine no longer hoping for a parking spot on Newbury Street in Back Bay…

What do you think?

From the Boston Globe:

During a “Twitter chat” Wednesday with Mayor Martin J. Walsh, where the mayor answers constituents’ questions on social media, a city official gave an intriguing response to one person’s question about whether Boston would ever limit traffic on certain streets to allow for a pedestrian takeover.

“How about closing streets like Newbury, Union, and Hanover to traffic on certain days in the Summer?” asked Adam Castiglioni, who runs a blog about Boston hospitality.

The city responded by saying the concept was already on their radar…”Stay tuned for [information] later this summer,” the City of Boston Twitter account replied.

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.