Theatre District Retail Space - For Rent & Sale
Typical Properties
Located south of Boston Common and bounded loosely by the streets of Tremont, Boylston, and Washington, this district is close to Interstate 90 and Midtown, and offers a number of historic, five to ten story buildings that were built around 1900. The increasing interest in this region has caused some properties to be slated for redevelopment. A number of new, contemporary towers have sprouted in the footprint of the older buildings, creating profitable luxury condominiums, office suites, and commercial units.
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The property at 105 Chauncy Street is on the eastern edge of the district, and was originally built in 1898. This 70,000 square foot building has ten floors with a typical floor size of 7,000 square feet. Built on a lot of 1.97 acres, the building has a substantial ground floor lobby with polished tile floors, massive circular columns and ample room for display. Large display windows that stretch to reach the high interior ceilings are perfect for any number of commercial items to attract passerby from the sidewalk. The refurbished exterior features brick and beautiful white stone that calls attention to the banks of windows on each floor. The building is located on a street with several other tall buildings on either side, creating a row of shops, residences, and restaurants. The building is located 0.1 miles from the nearest subway station. A 3,890 square foot unit in this building was recently listed for $2,000,000, or $514.14 a square foot.
This densely woven urban fabric is also the site for the property at 27-29 Stuart Street, which was built in 1899 and has a total leasable area of 10,500 square feet. The five story building has an elegant front storeroom unit which faces out onto the sidewalk and heavily trafficked street. The two story commercial suite features transparent display windows on the ground floor, and opaque windows on the second story. The upper four stories of the building are capable of being either residences or offices. Suites on floors two through five are available in 2,100 square foot blocks. The stately white brick of the exterior blends beautifully with the neighboring buildings on the block.
The property at 533 Washington Street was built in 1910, and features 16,667 square feet of leasable area. Previously a bar, the elegant iron work on the enormous windows on the ground floor take full advantage of the fourteen foot high ceilings, creating a gorgeously lit, aesthetically vibrant interior space. The upper two floors give way to a roof top that is primed for potential additions. The excellent location of this structure, in combination with its excellent history of maintanence, makes it an ideal candidate for a farsighted developer. The nearest subway station is 0.1 miles away, and the building is exposed to a daytime population of 200,000.
The property at 29-35 Temple Place, meanwhile, is located just up the street on the east side of Boston Common, and features six floors of commercial units in a building originally constructed in 1900. This 21,000 square foot structure has suites of 3,800 square feet available, and has a beautiful ground floor commercial suite with three enormous display windows that look out directly onto the sidewalk. The stately stone exterior matches the neighboring buildings, which collectively form an impressive, yet sleek, series of facades. The area is easily reachable by public transit and features historic street lamps, as well as custom canopies over entryways.
Average Renting and Buying Prices
Most of the multi-story, densely sited buildings in this district have an average rent of $3.00 per square foot per month for a commercial suite. Purchase prices tend to range between $450 and $600 per square foot for a commercial unit.
The property at 19 Temple Place was built in 1899, and is an elegant five story building with a brick exterior. The ground floor features an array of vividly colored canopies that shelter the front display windows, while the upper two stories feature long banks of windows that flood the interior with natural light. The roof of the building is lined with elaborate stone work that creates a pleasing visual effect from the street. Located on the eastern edge of Boston Common, this building is extremely accessible via public transit. The nearest subway station is 0.1 miles away, and the nearest MBTA Commuter Rail line is only 0.5 miles away. Logan International Airport can be reached in twelve minutes via car, making this area perfect for almost any business. The interiors feature fresh paint and carpeting. A 4,000 square foot unit in this building recently went on the market with a rent of $3.08 per square foot per month.
On the southern end of the district, the property at 75 Kneeland Street was built in 1928 and boasts an impressive 14 floors, for a grand total of 240,000 square feet. The exterior, which has understated Art Deco motifs, features an ample ground floor suite with floor to ceiling windows and stately stone columns. The building has a solid rectangular footprint, which makes all of its floors easy to customize to a particular tenant’s need. The white stone exterior makes the building stand out asethetically on the block. Located 0.3 miles from the nearest subway stop and 0.4 miles from the MBTA Commuter Rail line, this elegantly maintained structure has suites of 16,000 square feet available for $2.92 a square foot per month.
Meanwhile, the property at 333 Washington Street is slightly east of Boston Common, and features an eight story, 143,954 square foot building built in 1930. The building has an impressively long facade that stretches for most a city block, creating a powerful curvature and presence on the street. The ground floor and second story feature elegant, top-tier commercial suites, one of which has been used as a jewelry store. Patrons can enter from the street and then cross through a gleaming tiled lobby to make their way to the varnished wood columns that front the floor to ceiling glass doors and windows that make up the interior partition of the store. The interior of the store features plushly carpeted floors and enormous arched windows that look out onto the bustling street below. Beautifully maintained elevators provide service to both the lobby and the upper stories. Track lighting illuminates wooden walls and a number of private perimeter offices. The drop tile ceilings and recessed lighting throughout the rest of the space create a relaxing, upscale atmosphere. A unit of 3,477 square feet in this building was listed for $2,500,000, or $719.01 per square foot.
Real Estate News
The central location of this district, coupled with its excellent proximity to Boston Common and the plethora of public transit options, has made it a desirable location for major new development and redevelopment projects. The most prominent of these has been the AVA Theater District building, which added 398 units of housing, as well as an elaborate ground floor commercial suite, to the area. Unlike many of the stately ground floor commercial suites in the region which are built right up to the sidewalk, the entrance of this building has an enormous atrium-like entrance with strips of flourescent lighting embedded in the high ceilings. A series of stepped-back glass enclosed units cluster around this inadvertent urban courtyard, creating the sensation of being both indoors and outdoors simultaneously. Mesh canopies hover underneath the innovative lighting of the ceiling, creating a secondary layer of shelter for people pausing for a lunch or coffee break.
The adaptability of this entryway makes it perfect for spontaneous festivals, pop-ups, and other small-scale civic celebrations. Instead of a stationary commercial experience, customers here are engaged with the dynamic energy of the building. Food carts and other mobile sales tools can be employed easily, and removed just as quickly. From across the street, the undulating panels of glass create an effect of movement. At night, these panels are lit with different colors to heighten the vibrancy of the suites. In addition to an onsite fitness center and plushly furnished lounge, the building has gorgeously outfitted common areas that encourage collaboration and collision.
In keeping with this development trend, several new creative restaurant and dining enterprises are coming to the city, including a cocktail lounge with a champagne vending machine. It was announced in February 2018 that an innovative new venue will take up residence at 57 Stuart Street. The champagne vending machine functions when patrons buy tokens at the bar inside the restaurant and then plug them into the device. Six-ounce bottles are accordingly dispensed. The bar is expected to open in March 2018.
However, with its brick and masonry construction and densely packed streets, the old time feel of the neighborhood is something that many residents wish to preserve, while gradually incorporating the benefits of modernity. This has prompted many building owners to quietly renovate interiors or add innovative new roof gardens or units to existing buildings.
Innovative dining enterprises aren’t the only types of businesses moving to the district. Large software companies, such as VMWare, have sited their headquarters in this area, and have taken inspiration from the number of nearby theaters in terms of designing their new offices. The cafeteria of the new headquarters is modeled on the adjacent theaters in the region; the kitchen purposefully looks like a stage, while the eating space is populated with red armchairs reminscent of those typically found in a performance arts auditorium. Throughout the rest of the headquarters, delicate wooden tresses that recall the wood work of a piano hang from the ceiling at irregular intervals, creating a sense of harmony and collective performance. Dramatic overhead lights recall powerful stage sets, while the large bands of windows along the walls give spectacular views of the surrounding city. Built-in bookcases are positioned artfully in conference rooms and near kitchenettes.
Sign Up Benefits
Whether you are seeking a large commercial suite for hundreds of employees or a stellar ground floor unit for a specialized small business, our viewing service can help you find precisely what you’re looking for. By signing up for our service, you’ll be sure to stay ahead of the crowd when it comes to previewing the freshest listings. We are able to offer this stellar level of service mainly because of the years we’ve spent building relationships with neighborhood building owners, brokers, and local stakeholders.
We can arrange viewings of multiple properties to suit your schedule. We handle the logistics of arranging the appointments, acquiring access to the property, and exchanging feedback between potential tenants and lease holders. We also can alert our clients to properties that have just gone on sale, or that may be open to purchase, even if it is initially listed as a lease.
This district is one of the most picturesque in the city in terms of its tall brick and masonry buildings and rich cultural amenities. With numerous famous performance spaces only feet from each other, visitors to this area are often taken in by the beauty and grandeur of the environment. Numerous properties have been exploring how to upgrade or modify existing structures to create new technologically “smart” units that can interface with other forms of technology. This includes new roof units that make the most of innovative glass construction techniques, freshly renovated basement spaces that are now open to commercial use, tall ceilings that may be suitable for a dynamic new enterprise, and numerous other refurbished suites that have a historical patina with a contemporary heart.
Whatever the needs of our clients, we specialize in matching them to the ideal properties. When you sign up for our service, we take the time to find out what your budget range is, what your preferred location would be, and the features you would most like to have in a property. We are often able to show properties to which no other service in the city has yet been granted access. This results in more matches for our clients, who are able to find the best real estate the city has to offer.
We are currently monitoring developments or proposed projects along Stuart Street, Boylston Street, Washington Street, and Tremont Street. We expect that in the next few years a number of existing suites will be transformed into new units that offer exciting business opportunites for the right investors. By keeping in close contact with building owners, we are able to alert our clients to these new projects as soon as they are ready to be seen.
By signing up for our service, our clients are able to avoid the long waits that often result from attempting to call listings individually. In some cases, listings on public sites are either outdated or do not display pertinent details that would be of interest to a particular client. Our service eliminates all of these problems, providing tailored information that delivers results, not promises. For those who wish to secure an excellent lease or purchase a unit in one of Boston’s most desirable neighborhoods, our viewing service will provide our clients with what they need, when they need it.
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