115 Boston Street
Dorchester, MASold
About the Property
Transformative South Bay Development Opportunity in Dorchester, MA.
Colliers is pleased to exclusively present an opportunity to acquire 111 Boston Street, 115-121 Boston Street & 0-5 West Howell Street, collectively 115 Boston Street, a +/- 32,010 SF transit-oriented development site in Dorchester, Massachusetts. The existing commercial tenants on-site generate cash flow of approximately $16,400/month to offset holding costs during the development and permitting process.
The site is adjacent to the South Bay mixed use development, Boston’s latest live-work- play lifestyle center. This pedestrian-friendly center offers a diverse mix of retailers and restaurants, an AMC theater, luxury residences and free parking. Less than a 10-minute walk to Newmarket T Station and Red Line Andrew Square T Station, the site offers excellent public transportation options and proximity to major highways include I-93 and I-90/Mass Pike.
115 Boston Street sits in the Boston Planning and Development Agency’s (BPDA) Dorchester Neighborhood Zoning District and South Bay Community Commercial Sub- district along a corridor that has seen higher density multifamily residential development. The site is envisioned for a mid-rise building up to 65 feet, up to 125,000 gross square area with up to Approximately 140 residential units, and off-street parking and bike storage.
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