110 Canal Street, Boston
A boutique building that celebrates local businesses
This 7-story brick-and-beam creative office was acquired off market at a discount due to pandemic distress. Located in the dynamic, high-growth North Station submarket on a high-foot-traffic thoroughfare, the building presents a perfect opportunity to rejuvenate Canal Street. We partnered with a local architecture firm (and long-time building tenant) to reimagine the space.
Overview
- Boutique, 7-story brick-and-beam creative office, best-in-Class B product
- Located in dynamic, high-growth North Station submarket on high-foot-traffic thoroughfare
- Acquired off-market at a discount in pandemic distress with upcoming vacancy and deferred capital needs
- 8,000 SF retail and 48,000 SF office
56,000 SF
Creative office
Aug 2021
Acquisition date
Dec 2022
Renovation completion
56,000 SF
Creative office
Aug 2021
Acquisition date
Dec 2022
Renovation completion
Improvements
- Build a roof deck to provide desirable and differentiating outdoor space
- Refresh lobby and add end-of-trip facilities (bike room and showers)
- Convert excess retail space to office, remeasure building to capture common spaces and new amenities
- Cure deferred maintenance and cosmetic deficiencies
Community Impact
Neighborhood Revitalization: Reactivation of vacant retail and proactive ownership create safety and stability in high-foot-traffic corridor
Diversity in Operations: Small and minority-owned businesses are key to building operations and management
Public Art: Significant surface area available for engaging local mural artists
Multimodal Access: Proximity to North Station and new end-of-trip facilities promote healthier commutes
Enhanced Tenant Experience: Creative design and amenities provide a desirable canvas for tenants looking to create a sense of identity and user experience
Indoor/Outdoor Connection: Roof deck addition provides a meaningful enhancement to the workday
Celebrate Local Business: Partnership with local architecture firm and long-time building tenant to reimagine the space
