News: Owners Developers & Managers

Oxford Properties completes repositioning of 125 Summer Street

125 Summer Street - Boston, MA 125 Summer Street - Boston, MA

Boston, MA The number 125 shines large on the edge of the Rose Kennedy Greenway’s Dewey Sq. parcel, a visual representation of Oxford Properties’ repositioning of 125 Summer St. in downtown. Over the last year, Oxford has transformed the ground floor of 125 Summer, which until now had its back turned on the Greenway, one of the city’s most beautiful assets. Now that the redevelopment is complete, a grand front entrance welcomes all Bostonians, from office workers to commuters to pedestrians, to the 500,000 s/f building. The front entrance is just one part of the larger transformation, which also includes an evolution of amenity spaces and uses for tenants and the local community. Oxford has applied lessons learned from its 50 years of experience and its global portfolio to rethink the ways 125 Summer engages with its customers and neighborhood. The building has a variety of new spaces and amenities to fit the ways people want to work and live both today, and into the future.

Oxford seized the opportunity to embrace the Greenway, and collaborated with neighbors and partners including the Rose Kennedy Greenway Conservancy, the Downtown Boston Improvement District (BID) and many tenants and customers. The result of the collaboration is a vibrant and visible entrance for 125 Summer surrounded by a redesigned public plaza with tables and seasonal Adirondack chairs that will all serve as an extension of the Greenway.

125 Summer Street - Boston, MA 125 Summer Street - Boston, MA

“The Rose Kennedy Greenway has changed the dynamic of our city in a powerful way, providing an opportunity for select front doors to open onto the park and a real community feeling to build. Working with our community partners at the Greenway and the Downtown Crossing BID, we have created a true third space for clients and guests with great light and air as well as direct access for pedestrians moving from South Station toward the park,” said Chad Remis, head of Oxford’s Boston office.

“The building has an incredible location, but it was hidden in plain sight.  With changes that were remnants of the ‘Big Dig’ impacting pedestrian and vehicular patterns, the decision to create a singular and clear entry fronting the existing plaza was obvious,” said Larry Grossman, senior principal in charge, Stantec.  “Our goal was to provide visibility and transparency to the lobby, making it welcoming and integrating the indoors and outdoors.”

With over 1 million people a day walking through the doors of Oxford building’s globally, the company understands that both employers and employees have evolved to want – and need – more flexible and dynamic work environments. Customer experience is more important than ever, and was a significant factor influencing the redevelopment of 125 Summer. The main entrance now houses bright and airy spaces with lounge areas for planned or impromptu meetings and collaboration. In addition, within the coming year, the ground floor will have additional retail and a new restaurant for the area.

Oxford entered the city’s market in 2014 and is now the second largest property owner-operator in the city with seven buildings totaling over 4 million s/f.

In addition to 125 Summer Street, Oxford’s other Boston assets include: 222 Berkeley Street, 500 Boylston Street, 60 State Street, 745 Atlantic Avenue and 225 Franklin Street, along with One Memorial Drive in Cambridge.

Oxford Properties Group is a global platform for real estate investment, development and management, with approximately 2,000 employees and over $40 billion of real estate assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford was acquired in 2001 by OMERS, one of Canada's largest pension funds with over $77 billion in assets. Oxford has multiple global regional offices, each with investment, development and management professionals who have deep real estate expertise and local market insight. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The value of comfort: The workplace will never be as convenient as home, but it can be as comfortable - by Steve Hibbard

The value of comfort: The workplace will never be as convenient as home, but it can be as comfortable - by Steve Hibbard

In real estate construction and development, there are numerous balances struck between comfort and affordability. We all want the class A office space with artisanal trimmed offices, brilliant lighting, silent air systems, and the hilltop belvedere view from the executive suite. Everyone wants that coveted corner office.
Capitalizing on next-gen electric vehicle  charging in New York/New England real estate - by Hooman Shahidi

Capitalizing on next-gen electric vehicle charging in New York/New England real estate - by Hooman Shahidi

For property owners and developers, tenant experience is everything. This means top-notch building amenities and technology integrations that match their lifestyle. As the electric vehicle (EV) industry grows, EV charging is at the top of their list of amenities.
You can’t manage  what you don’t measure - by Jay O'Connor

You can’t manage what you don’t measure - by Jay O'Connor

Reasons to submeter electrical and HVAC Loads At standalone and multi-unit properties. As a property owner or manager, we all should understand the importance of managing costs, promoting conservation efforts, and maintaining compliance with regulations. Submetering is a powerful tool that can help you achieve these goals and more.

Brownfield redevelopment: Sometimes it’s not just about economic development - by George Naslas

Brownfield redevelopment: Sometimes it’s not just about economic development - by George Naslas

The redevelopment of brownfield sites is often associated with the revitalization of a property to bring it back into productive use, generate local tax revenue, and increase local employment. Redevelopment can also be part of a green or open space development, such as a riverwalk, park, or rail trail.