During the Boston Properties conference call with analysts this week, Douglas T. Linde, the REIT’s Director and President, said the company has received interest from a potential tenant for its proposed 888 Boylston St development at the Prudential Center in Boston.
“This is a tenant in a downtown high rise that is struggling to find an acceptable building alternative on the market,” Linde said. “So they’re now looking at new construction.”
All major permitting has been completed for 888 Boylston Street. Boston Properties can commence construction on the asset as soon as it secures a commitment for a significant portion of the rentable space.
Located in the Back Bay, 888 Boylston will be a 17 story, 442,000 square foot Class ‘A’ office building between the Mandarin Oriental Boston and the Hynes Convention Center. The office component of the building is planned to be on the 3rd through 17th floors, offering up to 362,000 square feet.
888 Boylston St will also have a retail component on the street and arcade levels, but this can be expanded to include floors three and four of the building, which means its retail area could range from 40,000 square feet to 100,000 square feet.
The building will be accessible from both Boylston St and the arcade level of the Prudential Center, providing access to the retail arcade system that extends from the Back Bay train station through Copley Mall to the Prudential Center.
Parking for tenants in the building will be in the Prudential Center garage.