Bayview Financial, LP, one of the nation's largest full service real estate investment, finance and development companies, has completed the full renovation and conversion of 185 Devonshire St., an 80,000 s/f office building in the heart of Boston Financial District, into office and retail condominiums. This is the first office condominium project in Boston since the 1980s.
Renovations by Coral Gables, Florida-based Bayview, which purchased the turn-of-the-century building in December 2005, included improvements of common areas such as the main lobby, common corridors and all new bathrooms. Improvements also consisted of new elevator cabs, upgrading elevator system components, a new roof, the replacement of most air conditioning units, exterior maintenance, as well as the build out of select units.
"This landmark property had already undergone several extensive renovations since its initial construction," said Robbie Oppenheim, managing director of Bayview." With this most recent series of renovations, 185 Devonshire has positioned itself as one of the premier office buildings in Boston."
The building has been converted into state of the art office condominiums units, offering a variety of 1,100 s/f to 6,300 s/f office units to prospective buyers. 185 Devonshire is accessible to all MBTA subway lines, public parking facilities, and is within walking distance to Boston landmarks such as Faneuil Hall Marketplace, Downtown Crossing and Boston Common, to name a few.
Built in 1914, the building underwent extensive renovations in 1986 and 1992. The property features a central entrance that leads to a signature Italian marble lobby.
Jung Brannen Associates of Boston was the project architect. General contractor was Sterling Spaces.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary