SOUTH BOSTON • MASSACHUSETTS TRANSFORMATIVE SOUTH BOSTON DEVELOPMENT OPPORTUNITY OFFERING SUMMARY OFFERING Colliers International is pleased to present the opportunity to acquire 15, 17-21, 23-25 and 27-33 Boston Street & 52-56 Ellery Street, collectively 25 BACK BAY Boston, a +/- 30,231 square foot transit-oriented development site in South Boston, Massachusetts. The site is located just off I-93, adjacent to MBTA transit and just minutes to downtown by car and train and 10 minutes to SOUTH END Logan International Airport. 25 Boston represents the rare opportunity to build a landmark tower in the City of Boston with overlay zoning that allows for building height of 300’. By virtue of its transit accessibility and convenience to downtown Boston, Cambridge and the surrounding areas, and Boston’s deep and diversified demand drivers, the site is easily WIDDET reimagined for a multitude of uses, including luxury residential, office, CIRCLE laboratory, hospitality and street level retail. 25 Boston sits at the entrance to the Boston Planning and Development Agency’s (BPDA’s) Dorchester Avenue Planning Initiative, which aims to transform the Dorchester Ave corridor over the next 20 years into Boston’s newest “live-work-play” neighborhood. Encompassing 144 acres centered on Dorchester Ave between Broadway and Andrew Square, the corridor is envisioned for mid and high-rise buildings totaling 16+ million square feet of residential, office, laboratory, retail and cultural space. The BPDA’s planning initiative provides a defined framework for height, density, permitting and building design that will guide development of this emerging neighborhood. Located just minutes from downtown and buttressed on both ends by MBTA Red Line stations, the corridor is primed to accommodate the residential and employment growth of Boston, following in the footsteps of the Ink Block and the Seaport’s Innovation District, which are both nearby and approaching full built out. 0.1 mile 2 mins off I-93 93 200,000 Parcel Size: 30,231 SF (0.7 acre) vehicles/day Zoning: Dot Ave Corridor Planning Initiative Height: 300 ft Exit 16 SOUTH FINANCIAL STATION DISTRICT Potential \\vhb\gbl\proj\Wat-LD\14252.00 ND SB\graphics\FIGURES\EPNF-Chapter2.indd p8 01/29/20 NORTH PRIVATE DR. SEAPORT Uses BROADWAY DOT AVE AERIAL VIEW STATION Residential (Rental, Condominium, Student) 333 DOT AVE Figure 2.3b Office Dorchester Avenue Residential Entry south boston DORCHESTER AVENUE RESIDENTIAL ENTRY Boston, Massachusetts 333 Dorchester Avenue Redevelopment Source: Elkus Manfredi Architects South Boston, Massachusetts Dorchester Avenue SAMUELS & ASSOCIATES WASHINGTON WASHINGTON VILLAGE 09.25.19 VILLAGE AMAZON (PARKING) Lab Retail ANDREW STATION Dorchester Street 0.1 mile Hospitality 2 mins walk Mixed-Use Boston Street Dot Ave Corridor Development Boundary BACK BAY INVESTMENT HIGHLIGHTS TRANSFORMATIVE SUPPORTIVE ZONING OVERLAY, DEVELOPMENT OPPORTUNITY ASSEMBLAGE & PDA POTENTIAL Prime location proximate to downtown, The Dot Ave corridor has been planned for 16+ adjacent to transit and overlooking the million square feet of new residential, office, lab, downtown, South End, Seaport, Dorchester, modern industrial, retail and cultural space. In BPDA’s the waterfront and miles of beaches and Dot Ave Plan the 25 Boston site is programmed parks, and offering dramatic visibility along for a building height of 300’. Adjacent properties Interstate-93, the site is ideally suited for present compelling assemblage potential and large-scale mixed-use development that Planned Development Area (PDA) zoning is will transforms the Andrew Square area. possible with 1 acre of contiguous land area. SHOPPING CENTER BROADWAY STATION T D St T ANDREW STATION Dorchester St Conceptual Dot Ave Corridor Buildout Source: BPDA Preble St Old Colony Ave Dorchester Ave BACK BAY FINANCIAL DISTRICT SOUTH STATION SOUTH END BROADWAY STATION 93 Southhampton Street Dorchester Avenue ANDREW STATION Dorchester Street DAVIS ALEWIFE PORTER HARVARD Riding the Red Line CENTRAL KENDALL/MIT (from Andrew Station) CHARLES/MGH TRANSIT ORIENTED PARK STREET DOWNTOWN Located across from the Andrew 7 9 14 CROSSING SOUTH STATION Square Red Line station and minutes to minutes to minutes to immediately off I-93, the site BROADWAY SOUTH DOWNTOWN KENDALL offers incredible accessibility to STATION CROSSING /MIT ANDREW downtown Boston, Cambridge, (2 minute walk) points north and south on I-93, JFK/UMASS points west on Interstate-90 and Logan International 20 18 25 NORTH QUINCY Airport in just minutes. minutes to minutes to minutes to WOLLASTON QUINCY CENTER HARVARD QUINCY BRAINTREE SQUARE CENTER QUINCY ADAMS BRAINTREE 6 minute drive to LOGAN THE RED LINE CONNECTS SOUTH BOSTON TO WORLD AIRPORT CLASS EMPLOYERS, UNIVERSITIES AND HOSPITALS minute 4 drive to 90 MARQUEE TOWER POTENTIAL VIBRANT SOUTH BOSTON TOP GATEWAY MARKET Located on the northbound side of NEIGHBORHOOD One of the United States’ strongest and Interstate-93, 25 Boston is poised to South Boston is a thriving neighborhood most dynamic gateway markets, Boston become an instantly recognizable presence that has evolved into one of the most is driven by a highly educated workforce on the Boston skyline. With over 200,000 desirable places to live or work in the City and unmatched presence of prestigious cars traveling to and from downtown of Boston. South Boston is home to 36,000 universities, major global headquarters Boston each day, the site’s visibility/ residents, 45% are the prime renter age of users and world-renowned healthcare branding potential and transit accessibility 20-34 years old with an average household facilities. (car and subway) is truly exceptional. income of $144,000 and 63% of those aged 25+ hold a bachelor’s degree or higher. The site has a highly paid, youthful and educated population to draw upon. 0.1 mile 2 mins off I-93 Southhampton Street Street Southhampton Southhampton Exit 16 93 Ellery Street ANDREW STATION Boston Street CASTLE ISLAND TO DORCHESTER HEIGHTS SOUTHIE Dorchester Street Dorchester Avenue ANDREW STATION CASTLE ISLAND PLEASURE BAY CARSON BEACH JOE MOAKLEY PARK South Boston, colloquially known as “Southie”, is a densely populated neighborhood southeast of downtown Boston between Interstate 93 and the waterfront and abutting the South end to the west and Dorchester to the south. Over the past decade, the neighborhood has rapidly evolved into one of the most desirable residential neighborhoods, especially for millennial professionals and young families. Young professionals are drawn to the location for its “live- work-play” lifestyle and its convenient access and proximity to downtown and the Seaport, major employment hubs, public transportation, restaurants/bars, relative affordability and abundant amenities/recreational opportunities, including miles of beaches and waterfront parks at Carson Beach, L Street Beach, Pleasure Bay, and the Strandway. Boston Street THE “WALKING CITY” bostonlogan INTERNATIONAL AIRPORT DORCHESTER HEIGHTS WASHINGTON VILLAGE Dorchester Avenue Dorchester Street ANDREW STATION 0.1 mile 2 mins walk THE “WALKING CITY” Boston Street WALKSCORE 90 SITE SUMMARY Address: 15, 17-21, 23-25 and 27-33 Boston Street Address Type/Use Bldg SF Lot SF & 52-56 Ellery Street A 15 Boston Street Commercial 0 2,078 Existing Buildings: 14,734 SF (per public record) B 17-21 Boston Street Apartment 5,049 4,000 Boston No. of Stories: 1 – 2 C 23-25 Boston Street Boston2Commercial 1,500 1,500 D 27-33 Boston Street Commercial 0 12,678 Current Use: Residential Apartments, Industrial & Storage E 52-56 Ellery Street Commercial 8,185 9,975 Taxes Due (FY2020): $35,923 Total Building & Lot Size 14,734 30,231 ASSEMBLAGE POTENTIAL Address Type/Use Bldg SF Lot SF 1 13 Boston Street Multifamily/Comm 2,320 2,590 8 4 2 48-50 Ellery Street Residential 1,700 5,250 9 7 3 44 Ellery Street Apartments 2,232 6,191 3 6 1-5 Boston Street & 5 4 Commercial 1,636 13,214 2 1 493-495H Southhampton Residential Condo E B A 5 11 Boston Street 1,623 1,775 Bldg (3 units) C 6 9 Boston Street Apartments 2,432 1,420 7 6 Ellery Ct Commercial 0 3,094 D 8 483-489 Southampton Commercial 970 3,460 9 40 Ellery Street Apartments 3,648 2,506 Abutters 16,561 39,500 July 15, 2020 1:2,257 0 0.01 0.03 0.05 mi July 15, 2020 Boston Boundary 1:2,257 0 0.01 0.03 0.05 mi 0 0.02 0.04 0.09 km Boston Boundary Boston Parcels FY13 LITE 0 0.02 0.04 0.09 km Boston Parcels FY13 LITE Sources: Esri, HERE, Garmin, Intermap, increment P Corp., GEBCO, USGS, FAO, NPS, NRCAN, GeoBase, IGN, Kadaster NL, Ordnance Survey, Esri Japan, METI, Esri China (Hong Kong), (c) OpenStreetMap Sources: Esri, HERE, Garmin, Intermap, increment P Corp., GEBCO,contributors, and the GIS User Community USGS, FAO, NPS, NRCAN, GeoBase, IGN, Kadaster NL, Ordnance Survey, Esri Japan, METI, Esri China (Hong Kong), (c) OpenStreetMap author contributors, and the GIS User Community author Boston Street Street Boston Boston Ellery Street BOSTON COLLEGE HIGH SCHOOL BAYSIDE MIXED-USE DEVELOPMENT THE BEAT DORCHESTER CARSON BEACH JFK/UMASS STATION JOE MOAKLEY PARK 93 PROCESS & PRICING DORCHESTER 25 Boston is available on an “as-is” basis and without a formal asking price. Additional due diligence materials are available for qualified buyers. Colliers will be conducting tours of the property in the coming weeks with a “call for offers” to follow. For additional information, please visit 25boston.colliers.com. SOUTH BOSTON • MASSACHUSETTS MULTIFAMILY ADVISORY GROUP Christopher Sower 617 816 5257 [email protected] Bruce Lusa 617 448 6308 [email protected] Jonathan Bryant 508 505 0832 [email protected] John Flaherty 617 997 1557 [email protected] Colliers International 160 Federal Street Boston, MA 02110 www.colliers.com/boston.