Client of the North Washington project would like to develop a mix use property or hotel that will be located along a main thoroughfare which acts as a gateway to downtown Boston, The purchased property offers a highly visible site which can be redeveloped to commercial or residential space. The immediate surrounding areas are currently going through a renaissance of development. Boston Properties is currently developing a 1.9 million square foot mixed use center just steps away at North Station as well as HYM Investment Groups 2.9 million square foot redevelopment of Government Center Garage. The North Station area is truly a transit oriented location with a supreme employment base which continues to grow.
Investment property value has doubled after the pandemic. We currently have investors interested in the project and want to see of an option of adding more.