A 5.5-Acre Transformative Development Opportunity In ...
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A 5.5-Acre Transformative Development Oortunity In Waltham, MA CONFIDENTIAL OFFERING SUMMARY
Transcript of A 5.5-Acre Transformative Development Opportunity In ...
A 5.5-Acre Transformative Development Opportunity In Waltham, MA
CONFIDENTIAL OFFERING SUMMARY
Confidential Offering Summary | 2
Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to market 110 Beaver Street, a 5.5-acre redevelopment opportunity (the “Site”) in the highly coveted suburb of Waltham, Massachusetts.
The Site is comprised of 5.5 flat acres of land with two existing structures and 225 surface parking spaces. The Site presents an excellent opportunity for a redevelopment project of scale, one that will piggyback off the robust momentum in the area.
Less than 6 miles from Cambirdge and 10 miles from Boston, 110 Beaver Street is conveniently located minutes from MBTA commuter rail stations and downtown Waltham. Strategically located equidistant between Boston’s primary highways, I-95/Rt-128, I-90/Mass Pike and Route 2, 110 Beaver Street presents investors and users with a tremendous location offering access and convenience to Boston and its most desirable suburban communities. Waltham has become the infill urban innovation hub as tenants are forced out of Cambridge and seek alternative locations with walkable amenities and great access.
110 Beaver Street presents an unsurpassed redevelopment opportunity located in one of Boston’s best submarkets. The Site is being offered as a fee-simple interest without a formal asking price. A “Call for Offers” date will be established during the marketing effort.
Introduction
5.5 acres of flat urban land located in the heart of Waltham with significant redevelopment
potential
BOSTON
CAMBRIDGEDISTANCE FROM 110 BEAVER ST
5 MINWATERTOWN
15 MINCAMBRIDGE
30 MINBOSTON
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The scale and location of the Site allow for a sizable opportunity to capitalize on the momentum of the surrounding neighborhood
The Site is comprised of 5.5 flat acres of land with two existing structures and 225 surface parking spaces. The Site presents an excellent opportunity for a project of scale, one that will piggyback off the robust momentum in the area.
PROPERTY DESCRIPTION
Site Overview
Zone: Commercial
Uses: Hotel by SP1 (City Council Approval), Office, Retail, Marijuana by SP1, Light Manufacturing, Research Laboratories
Height Limit: 80 ft - 8 stories
Per Current Zoning: 0.4 FAR
Per Approval of Special Permit: 2.0 FAR
ZONING OVERVIEW
Site Size: 5.49 (239,144 SF)
0.4 FAR: 95,658 GSF
2.0 FAR: 478,289 GSF
DEVELOPMENT OVERVIEW
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Boston’s Most Active SubmarketWaltham and Watertown have experienced out-sized development over the past 18 months alongside continued interest for additional developments from investors. Through institutional investment, the area has quickly become one of Greater Boston’s most desired submarket on multiple levels.
ELAN UNION MARKETAPARTMENTS
247 UNITS | 2019
ARSENAL YARDSMIXED-USE
350,00 SF RETAIL, 500 RESIT UNITS, 100,000 SF CLASS A OFFICE | UNDER CONSTRUCTION
POSTINNOVATION & LIFE SCIENCE
430,000 SF | 2017
828 WINTER STREETLIFE SCIENCE
145,000 SF | 2018
CITYPOINTCLASS A OFFICE211,000 SF | 2019
LINXLIFE SCIENCE
185,000 SF | 2017
THE EDISON ON THE CHARLESAPARTMENTS
264 UNITS | UNDER CONSTRUCTION
HAMPTON INN & SUITES BOSTON/WALTHAMHOTEL
138 ROOMS | 2018
GABLES ARSENAL STREETAPARTMENTS
266 UNITS | 2017
THE MERC AT MOODY & MAINAPARTMENTS
269 UNITS | 2017
COLEMAN BENEDICTSenior Managing Director
BEN SAYLESSenior Director
MIKE RESTIVODirector
CORTLAND BEGORAnalyst
Commercial
CHRIS PHANEUFManaging Director
ADAM DUNNDirector
Residential
PORTER TERRYSenior Director
Financing
ALEXANDER DAURIAManaging Director
ROB MAHONEYVice President617.316.6412
Leasing
