An ownership change in the eastern Seaport
The account described Related Beal’s acquisition of a 50 percent interest in the Innovation and Design Building alongside Jamestown. The property comprised two buildings at 17–25 Drydock Avenue and 1 Design Center Place, totaling approximately 1.4 million square feet.
The article reported a valuation of about $710 million, while the purchase price for the stake was not disclosed. A valuation and the amount paid in a transaction are different figures.
An industrial building with evolving uses
The property’s earlier history included cargo and maritime functions dating to 1918. The Boston Design Center and Reebok were discussed as important occupants in the account’s period, not as a current tenant roster.
Jamestown’s 2013 purchase and subsequent investment were associated with changes to the building, promenade, shops and restaurants. Shuttle service was another historical amenity mentioned in the article.
Laboratory conversion in the planning discussion
The partners’ plans included adapting space for life-science use. The article placed that intention within broader Seaport laboratory growth but did not supply a final, completed conversion plan.
For an inquiry about this property, distinguish office, design, retail and laboratory requirements. Ask Amo Realty - Boston City Properties about the exact space and your intended use; earlier occupancy percentages and market vacancy figures are not today’s availability.
Historical account: Original Boston City Properties report