Retail and Office Development Planned at 500 Boylston St.

Equity Office Properties of Boston announced their plans for more than 130,000 square feet of additional office, retail and restaurant space at 500 Boylston Street.
Plans call for a conversion of an outdoor courtyard space with a 5 story, 80,000 square foot retail and office facility, and to convert up to 50,000 square feet of the building into retail spaces.

John Conley, senior vice president of Equity Office Properties in Boston, submitted a notice of intent with the Boston Redevelopment Authority on March 13th outlining the company’s goals. The notice of intent also states that Equity plans to add two vestibles at the adjacent 222 Berkeley Street, and convert 8350 square feet of office into space for a new restaurant.

The two properties will span 1.3 million square feet and have a combined value of $904 million. Equity intends to file a project notification form with the Boston Redevelopment Agency in mid April. Conley stated that this reinvestment is a reflection of the company’s belief in the building and the overall strength of the Boston market. No details regarding the project team, anticipated development costs or timeline were disclosed.

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MAXWELL@BOSTONLUXE.COM • CELL: (617) 543-7754 • OFFICE: (617) 267-4600 Maxwell Burke began his real estate career nearly 20 years ago doing appraisals with his father in Southern California and Northern Texas. He grew up in a family environment so oriented towards investment and real estate that to call his upbringing entrepreneurial would be a disservice. From his grandfather's multiple developments ranging from British Columbia down into Southern Mexico to his uncle's holdings in Portland, Oregon, Maxwell has been given a view not just of Boston real estate, but of American real estate. Maxwell and Drew Abysalh met in 2009 and increasingly consolidated their business models together culminating in their partnership in 2011. With over 300 real estate deals under his belt ranging from a standard rental to a $1.5 million condo conversion, Maxwell is a tremendous resource to help you realize your real estate dreams. Welcome to Boston Luxe - it's a pleasure to meet you. Google