35 Kingston Street #1/B: 4186 SqFt Blank Canvas of Mixed-Use Space in Downtown Crossing

New to the real estate sales market, 35 Kingston Street offers a creative buyer a rare opportunity to acquire a substantial amount of square feet in a premier location, Downtown Boston. Currently being used as two separate commercial spaces, this 4186 sq ft raw mixed-use space can be combined to create an incredible live/work area spread over two levels.

The location at 35 Kingston Street is convenient to public transportation such as the orange and red lines, commuter rail and AmTrack, and it is minutes to the main highways (I-90 Mass Pike and I-93) and an express lane to the airport. In addition, approximately $2.4 billion has been privately invested into the downtown area of Boston over the past 10 years creating a vibrant neighborhood filled with restaurants, college facilities and lecture halls, new residential high rise condos, theatre restorations, luxury hotels, shops, etc. With more projects from commercial to residential planned, valuing approximately $800 million, and a committed community of property owners (Downtown Boston Business Improvement District) dedicated to transforming the Downtown Crossing area of Boston area into a clean and lively neighborhood, $1million for 4186 sq ft at 35 Kingston Street is a well-priced investment with incredible potential.

35 Kingston Street #1:B exteriorThe lower level offers 2174 sq ft, if a buyer would want to keep this as commercial, this can be subdivided to maximize commercial potential. The first floor display level offers 2012 sq ft, 14ft ceilings, exposed brick, aged wood floors, and incredible possibilities for either a residential condo or large open commercial space. As it currently exists, 35 Kingston 1/B is not realizing its full potential, but for a creative buyer it offers endless options. Large spaces, such as 35 Kingston Street offers, have made incredible art galleries and studios, performance spaces, or a truly one of a kind home. The master deed has already been amended to allow converting the spaces from commercial to residential.

This project is not for the faint of heart, it will take a buyer with passion and creativity to see how this space can be maximized. But once completed, the new owner will have over 4000 sq ft in the most dynamic of Boston’s up and coming neighborhoods.

Exclusively listed by the Matthew and Alisa Group, contact us to schedule a private showing.

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Posted in Boston Property, Commercial Real Estate, Condo, Investment Property, Property for Sale, Real Estate Sales Market, Renovation | Tagged , , , , , , , , , | Leave a comment

New Development for Albany Street in Boston’s South End

New Developments at Albany and TravelerThe South End’s New York Streets neighborhood is going to have a major face lift over the next few years. One of the changes is going to be at the former Boston Herald site, which will be developed into a 471 residential complex with a 50,000 sq ft Whole Foods called the Ink Block.

The latest development is a lot on Albany St. will be from Traveler St. to East Berkeley St. currently functioning as a parking lot in front of a large aquatic mural featuring killer whales frolicking in the ocean. New Jersey based real estate developer Normandy Real Estate Partners have submitted plans to build a 220 unit apartment complex and a 325 room hotel. They have not mentioned what hotel will occupy the space but they did mention it will offer “a low cost alternative to current hotels.” Sandwiched between the two buildings will be an above ground parking garage with 165 parking spaces.

As well as adding new residential units to the South End, this project will also enhance it’s surroundings by improving the landscape, paving, and lighting. These enhancements will greatly improved what is now a somewhat depressing and barren area.

New Development Site on Albany StreetHowever, the project could negatively affect some area residents. The apartment complex will be 19 stories high which could potentially obstruct the view of the Boston skyline from the Macallen building and Court Square Press building. Today, residents in South Boston, particularly in those buildings, have an incredible view of the Boston skyline. Hopefully the design of the building will only enhance the skyline view.

Contact the Realtors of Matthew and Alisa Group Real Estate if you are interested in learning about properties for sale in the South End or South Boston.

UPDATE: Per the Boston Herald, Normandy Real Estate Partners have brought in Gerding Edlen, a company currently building a rental high-rise in Boston’s Fort Point neighborhood. The co-developers have decided to scrap the hotel portion of their plans and proceed with an all residential project consisting of two buildings and up to 380 units. The amended plans will be reviews at a public meeting the BRA has scheduled for February 26.

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Posted in Apartments, Boston Property, Commercial Real Estate, Real Estate Development, Rental Property | Tagged , , , , , , , , , , , , | Leave a comment