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ELECTRICCALL FOR OFFERS
MULTI-FAMILYADVISORY GROUP
BOSTON
2.96 ACRE DEVELOPMENT OPPORTUNITY
BOSTON
90
AVE
INTE
RSTA
TE 90
EXECUTIVE SUMMARY
90
Colliers International is pleased to present a call for offers for Electric Ave (aka 17-35 Electric Ave), a 2.96-acre site in Boston’s thriving Brighton
market. Located less than 1.0 mile from Boston Landing and Saint Elizabeth’s
Medical Center, Electric Ave proves to be a desirable location for potential
residents to live proximate to city amenities while enjoying the benefits of
suburban living.
Electric Ave is near the Oak Square neighborhood of Brighton, with ideal
visibility from the inbound side of the Mass Pike/I-90. The property, which
is accessible to Boston’s top institutions and employers, will undoubtedly
attract many of the area’s finest medical and academic professionals that
live, work, and play in the immediate submarket. In addition to the numerous
MBTA bus stops, Electric Ave is proximate to major roadways I-90, Route
20, Soldiers Field Road, and Cambridge Street, which all provide convenient
access to downtown Boston, Cambridge, and surrounding towns and cities.
PROCESS & PRICING
Electric Ave is being offered without a formal asking price. Upon receipt
of a signed confidentiality agreement, qualified investors will be provided
with the offering memorandum and access to due diligence materials. Once
investors have had an opportunity to review the offering materials and tour
the property, Colliers will schedule a “Call for Offers”.
For additional information, please visit 35electric.colliers.com.
90 PROPERTY OVERVIEWROUTE - 2
0
PARCEL LOT SIZE17 ELECTRIC AVE 2.83 +/- ACRESELECTRIC AVE 0.13 +/- ACRESTOTAL AREA 2.96 +/- ACRES
ZONINGZONING DISTRICT: ALLSTON/BRIGHTONZONING SUBDISTRICT: LI-1SUBDISTRICT TYPE: LOCAL INDUSTRIAL SUB-DISTRICT 1FAR: 1.0BUILDING HEIGHT: 35 FEET
TOTAL LOT AREA: 2.96 ACRES ADDRESS: 17 - 35 ELECTRIC AVE
90
INTERSTATE 90
SOLDIERS FIELD ROAD
BOSTON
LONGWOOD MEDICAL AREAALLSTON
CAMBRIDGE
INVE
STM
ENT
HIGH
LIGH
TS
BOSTON LANDING
ROUT
E - 20
AN EMERGING SUBMARKET
Offering a discount to downtown
product, newly-developed rentals in
Brighton are achieving rents in excess
of $4.00/SF, while newly constructed
condominiums have traded for over
$800/SF over the past year. 35
Electric Ave is poised to benefit from
the continued growth in this emerging
housing market.
Offering a discount to downtown
product, newly-developed rentals in
Brighton are achieving rents in excess
of $4.00/SF, while newly constructed
condominiums have traded for over
$800/SF over the past year. Electric
Ave is poised to benefit from the
continued growth in this emerging
housing market.
STRONG NEIGHBORHOOD AMENITIES
Located amidst the neighborhoods of
Oak Square, Brighton Village, and Allston,
Electric Ave is close to innumerable
amenities including locally-owned
businesses, restaurants, bars, and
community centers. Other amenities include
proximity to employers at Boston Landing
and local institutions, and access to I-90
and Route 20.
MARKET DYNAMICS
Boston’s strong fundamentals include
a highly educated population, high
concentration of millennials, world-
renowned medical and educational sectors,
and low unemployment rate contribute
to the appeal of Boston on a national and
international scale. These fundamentals
contribute to the strong demand for new
rental housing options – boding well for the
development of a robust mix of studio, one
bedroom and two-bedroom units proximate
to transit, amenities and employment.
Stunning visibility from the Mass Pike and easy access from any point in the city make Boston Landing a remarkable destination. Unmatched amenities, sports and cultural institutions, and state-of-the-art facilities make it a distinctive place to stay. – Boston Landing Website
PRACTICE FACILITIES
80K SF RETAIL ON-SITE
OUTDOORSPACE
25+SHOPS
HOME TO
HEADQUARTERS
MBTACOMMUTER
RAIL STATION
ROCHE DIAGNOSTICS OPERATIONS, INC: The world’s largest biotech company, which focuses on oncology, immu-nology, infectious diseases, ophthalmology and diseases of the central nervous system. The firm is also known as the world leader in in-vitro diagnostics and tissue-based cancer diagnostics, and is considered a frontrunner in diabetes management.
BOSE INC: A maker of high-end speakers and headphones has moved it’s long-standing Framingham offices to Boston Landing. The company is leased for 98,000 SF of office space.
OFFICE TENANTS
B STON LANDING
Lantera Boston295 units delivered Summer 2018.
80 Guest Street 220,000 SF building delivered in May 2017. Leased to life-science world leaders.
40 Guest Street 85,000 SF state-of-the-art lab space leased to Mass Innovation Labs
Full Service Hotel
Warrior Ice Arena
Track & Field Complex
NB Fitness
Club
Athletes Park
Built-To-Suit Space
Sports & Wellness
Office/Lab Space
Residential
Hotel
Currently under construction, the complex will feature a 200 meter hydraulically banked track, seating for 5,000+ spectators, and ground floor retail.
Retail
NB Flagship Store
Retail
Retail
MULTI-FAMILY ADVISORY GROUPCHRISTOPHER SOWER
BRUCE LUSA617-330-8043
JONATHAN BRYANT617-330-8081
JOHN FLAHERTY617-330-8151
Property outlines on the aerilas are solely for marketing purposes. Please reference VDR for actual parcel breakout.
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2019. All rights reserved.
Colliers International I 160 Federal Street I Boston, MA 02110 I www.colliers.com/boston
ELECTRICAVE
