REDEVELOPMENT OPPORTUNITY LONGWOOD MEDICAL AREA // MISSION HILL BOSTON, MASSACHUSETTS
DOWNTOWN BOSTON SEAPORT
BACK BAY SOUTH END
FENWAY
LONGWOOD MEDICAL AREA
1617TREMONT.COM DOWNTOWN BOSTON EXECUTIVE SUMMARY SEAPORT
Boston Realty Advisors is pleased to present an exceptional redevelopment opportunity in Boston’s SOUTH END prosperous Mission Hill neighborhood. 1617 Tremont Street consists of a 5,220 square foot brick and block BACK BAY building which sits on 3,050 square feet of land at the corner of Tremont and Wigglesworth Street. 1617 Tremont offers investors the opportunity to acquire an FENWAY irreplaceable piece of real estate in a high barrier to LONGWOOD MEDICAL AREA entry market.
Ideally located, 1617 Tremont Street is just one block from the Longwood Medical Area (LMA). Longwood Medical Area totals 213 acres and is home to world renowned medical institutions such as; Harvard Medical School, Beth Israel Deaconess Medical Center, Brigham and Women’s Hospital and Boston’s Children’s Hospital. The property also features tremendous access to transportation with the MBTA Green Line just steps away.
1617 Tremont represents a unique opportunity to purchase a redevelopment opportunity in one of the most globally recognized medical and educational regions of the world. 1617 Tremont is offered for sale on an unpriced basis. We will be conducting tours of the properties in the upcoming
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LONGWOOD MEDICAL AREA TRANSIT-ORIENTED Located just one block from LMA, 1617 Tremont is strategically One block from Huntington Avenue and the MBTA Green positioned in one of the most powerful medical epicenters in the Line, 1617 Tremont provides residents with tremendous world. Anchored by Harvard Medical School, Beth Israel Deaconess access to the deep employer base, surrounding amenities Medical Center, Brigham and Women’s Hospital and Boston’s and downtown Boston. The property is also proximate to Children’s Hospital, the burgeoning area continues to flourish. multiple bus routes. DOWNTOWN BOSTON
SEAPORT
SOUTH END
BACK BAY
FENWAY LONGWOOD MEDICAL AREA
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REDEVELOPMENT OPPORTUNITY STRONG MARKET DYNAMICS Currently used as an American Legion building, this property is prime for With rental rates high and condominium prices climbing, redevelopment into a residential or mixed-use asset. Offering a corner location, 1617 Tremont will directly benefit from the strong market large footprint and high visibility, 1617 Tremont would attract credit retail dynamics that are currently present in the city of Boston tenants and lends itself to desirable floorplans for residences above. and surrounding municipalities. HARVARD HarvardUNIVERSITY Airport Community College
28
Lechmere
Constitution Wharf Maverick
Battery Airport Terminal C 93 Wharf SUMNER TUNNEL 1 LOGAN AIRPORT Science Park HARVARD North Station LincolnCALLAHAN TUNNEL BUSINESS SCHOOL Central Wharf Union Airport Terminal A Wharf Sargents Wharf 90 Airport Terminal B2 Lewis Kendall/MIT Wharf
3 Haymarket Airport Terminal B1 LONGELLOW BRIDGE Charles/MGH
Bowdoin
Long Government Center Wharf
Aquarium
State St y
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MASSACHUSETTS e r
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INSTITUTE O TECHNOLOGY 3
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Park ST n n Rowes e Wharf K Fan MASS AVE BRIDGE e s Pier Boston Downtown o Crossing R NORTHERN AVE BRIDGE 90 Commons Public EVELYN MOAKLEY BRIDGE Pier 4 Garden 15
ONE Boylston South Station ONE BOSTON Court House 51 Pier 6 TED WILLIAMS TUNNEL 44 47 20 BabcockUNIVERSITY ST Chinatown Arlington 34 33–41 44 Pleasant St 300 24 55 303 36 320 Pier 7 12 35 Saint Paul ST 313 330 30 332 11 26 25 Packards Corner Boston University West 22 90 250 343 12 266 253 268 274 347 22 280 200 263 355 30 Copley 300 155 281 374 Boston University East 19–27 369 285 320 Boston University Central 311 Liberty Wharf 51 321 20 Tufts Medical Center 337 319 242 Hynes 2 Blandford ST Convention 300 YAWKEY Kenmore Ctr World Trade Center HYNES 601 90 PRUDENTIAL CONVENTIONCENTER 90 CENTER Back Bay 27–43 Silver ENWAY 40 Line 28 St. Marys St Herald ST Way PARK 20 BOSTON Prudential 12 3 451 10 9 CONVENTION EXPO 7
Gillette One Hawes St 5 CENTER Fenway Back Bay ChannelTwo Center 27 93 5–11 One 21 23 25 Kent St Fens Design Center 88 LANDMARK 655 CENTER E.Berkeley ST Saint Paul St 1 Symphony Broadway Coolidge Corner Longwood Union Park ST 9 Massachusetts Ave
Northeastern 28 Newton ST City Point
Museum Of Fine Arts Worcester Square 9 Ruggles Longwood Medical Area Massachusetts Ave
Lenox ST Brigham Circle
Fenwood Rd
Mission Park Melnea Cass Blvd 3 Brookline Village
Riverway 93 Brookline Hills
Roxbury Crossing 1 Andrew
9 Back Of The Hill Roxbury Crossing 28 NEWMARKET (P)
Heath St The Longwood Medical Area is the epicenter of medical care and research in Boston. The 213-acre area is one of the city’s biggest economic success stories with total revenue exceeding $2.5 billion annually. The LMA has consistently boasted a near zero vacancy rate and has historically demonstrated an ability to remain stable regardless of market volatility. The concentration of industry leaders in the medical and educational fields in addition to the many institutions and museums in the immediate area is a key factor to the continuing success of the LMA.
OVER $1 BILLION OVER 1,100 ANNUAL NIH FUNDING ONGOING CLINICAL TRIALS
23 58,000 HOSPITALS & SCIENTISTS RESEARCH INSTITUTIONS STAFF & STUDENTS RETAIL MARKET
HARVARD SQUARE KENDALL SQUARE
LONGWOOD MEDICAL AREA RETAIL
FENWAY PARK FENWAY BACK BAY
HUNTINGTON AVE ADT 27,000 LONGWOOD AVE GTON UNTIN H
BRIGHAM CIRCLE
T
TREMONT STREET ADT 13,000
R EMONT S TREET 1617 Tremont Street is located on the fringe of the Longwood Medical Area and one block from the high traffic intersection of Huntington Avenue and Tremont Street which has daily traffic counts of over 40,000 cars. MARKET This corner parcel is directly across the street from the One Brigham Circle complex anchored by Stop & Shop, HARVARD Walgreens, Bank of America, Citizens Bank, J.P. Licks, SQUARE and a local favorite, The Mission Bar and Grill. Due to the parcel’s main street visibility and close proximity to KENDALL the LMA, there are a multitude of retailer categories that SQUARE would be highly interested in this prime location.
LONGWOOD MEDICAL AREA RETAIL
FENWAY PARK FENWAY BACK BAY
HUNTINGTON AVE ADT 27,000 LONGWOOD AVE GTON UNTIN H
BRIGHAM CIRCLE
T
TREMONT STREET ADT 13,000
R EMONT S TREET PROPERTY DETAILS ADDRESS 1617 Tremont Street, Boston, MA YEAR BUILT 1949 SQUARE FEET 5,220 GSF LAND AREA 3,050 SF FAÇADE Brick & Block FLOORS 2 (1 partial below-grade)
WIGGLESWORTH STREET ZONING DETAILS ZONING DISTRICT Mission Hill Neighborhood ZONING SUBDISTRICT
TREMONT STREET MFR/LS SUBDISTRICT TYPE Multifamily Residential/Local Services
1617TREMONT.COM
JASON S. WEISSMAN NICHOLAS M. HERZ MICHAEL A. D’HEMECOURT Founder & Senior Partner Managing Director & Partner Managing Director & Senior Partner 617.850.9608 617.850.9624 617.850.9670 [email protected] [email protected] [email protected]
KEVIN BENZINGER CHRISTOPHER J. DONATO Associate Director Associate Director 617.850.9647 617.850.9618 [email protected] [email protected]
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