News: Owners Developers & Managers

SMMA and Nordblom Company and Rubenstein Partners LP receive approval for 321 Harrison from Boston Planning & Development Agency

Harrison Avenue corridor, looking north - Boston, MA Harrison Avenue corridor, looking north - Boston, MA

Boston, MA SMMA received design approval from the Boston Planning & Development Agency (BPDA)  for its 321 Harrison Ave. project in the city’s South End neighborhood. Jointly funded by Nordblom Company and Rubenstein Partners LP, with CBRE/New England providing real estate services, 321 Harrison Ave. will comprise eight stories of class A office space atop an existing three-level parking structure.

In September, members of Boston’s Civic Design Commission unanimously endorsed the project, clearing the path for BPDA approval. SMMA spent the better part of the spring and summer presenting to both bodies, as well as to the broader South End community, to garner the requisite support to advance the design from concept to reality.

The project will encompass 230,000 s/f, injecting a significant corporate and commercial component into an area of the city undergoing a revitalization that has, to date, been primarily driven by residential and retail development. The new building is sited adjacent to 1000 Washington St., an existing 11-story facility also jointly owned by Nordblom and Rubenstein, and across from the Ink Block residences and Whole Foods Market.

SMMA conceptualized 321 Harrison Ave. to activate the street level as much as possible, creating a walkable urban experience that extends into the surrounding neighborhood. The length of Harrison Ave. will be redesigned as a much-needed linear park, and will include a wide public sidewalk, bike lanes, and semicircular raised lawn, as well as a variety of outdoor seating options. A new 2,500 s/f retail component will create a backdrop to this new public space.

The project is in close proximity to a variety of transportation options, with access to major highways (the Mass. Pike, I-93) and public transit stations, as well as Logan Airport.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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 Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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