13-21 Congress Street is situated in the heart of Boston’s booming central business district. Congress Street is an important transit route in the City of Boston serving as a vital connection between North and South Stations in addition to providing direct access to Beacon Hill, the North End, Faneuil Hall, Downtown Crossing, the Financial District, and the Seaport. Located directly in the middle of the vital access provider, 13-21 Congress Street is well positioned to capitalize on the best in class location it possesses.
One of the most accessible locations in the city via public transit and car. The State Street T stop is directly across the street and every MBTA line is within a five minute walk of the building. 13-21 Congress Street is uniquely situated to reach all of metropolitan Boston via public transportation. The Property is equidistant to both North and South Stations in addition to being equally accessible by car with the abundance of parking garages in the immediate area.
13-21 Congress Street is currently vacant and in shell condition allowing investors the opportunity to redevelop the property on an immediate basis. The existing infrastructure and the location will allow new ownership to consider all options when evaluating the highest and best use for the Property.
Medical, educational, and financial institutions serve as the pillars of the regional economy that had continued growth through the end of 2016. Due to the presence of the aforementioned pillars the Commonwealth received $6 billion of venture capital and $1.7 billion in NIH funding in 2016. The strong influence of these innovative institutions has positively impacted demand for commercial space in the region bolstering real estate values.
In 2013, Related Beal purchased the former world headquarters of Fidelity Investments with plans to redevelop the dated collection of buildings to create a vibrant mixed use setting in the heart of downtown Boston. The result of the efforts on behalf of the internationally renowned institutional investor will be a 370,000 square foot office building, future home of DigitasLBi, and a 165-key four star Hyatt Centric hotel, both slated for completion in the second quarter of 2018. Additionally, Related has plans to transform Quaker Lane, a small internal roadway that weaves between the buildings, into a pedestrian friendly European style streetscape concept, complete with cafes and outdoor seating.