Colliers International has been hired as the exclusive listing agent for 27-29 Isabella Street, an approximately 23,136 SF redevelopment opportunity in Boston’s Bay Village neighborhood. Currently owned by the Marist Father and operating as priest housing, “The Isabella” boasts 8+ parking spaces, 9’ ceiling heights throughout, and a central elevator. Working on behalf of the client, this assignment will be led by Chris Sower, senior vice president of multi-family investment sales and Scott Dragos, executive vice president of investment sales. The team also will include Jen Price, Jonathan Bryant, and Maggie Collins.
27-29 Isabella Street consists of a classic, free-standing, centrally located building in one of Boston’s most desired locations. The existing structure is comprised of 5-stories plus a basement, with an FAR of 2.0, approximately 4,300 SF floor plates and four window lines. The site is zoned for by-right multi-family use, providing for potential conversion and redevelopment. Accessed via Columbus Avenue or Arlington Street, “The Isabella” is located on a quiet, tree-lined street and epitomizes classic French Renaissance architecture.
Surrounded by Back Bay and South End, Bay Village is known for its quiet aesthetic and excellent access to a variety of employment drivers, transportation options and entertainment venues. The Isabella provides convenience to major Boston employers including Liberty Mutual, Natixis Global, Wayfair and John Hancock, in addition to multiple MBTA stations on the Green & Orange Lines and Commuter Rails and Interstate-90/Mass Pike. Back Bay Station, Boston’s largest transportation hub, is less than a ten minute walk from the property
Chris Sower, Senior Vice President, stated of the opportunity, “we believe that the strength of recent Back Bay developments will tie perfectly into this site. The redevelopment potential of 27-29 Isabella Street, combined with ease of access to Boston’s most active neighborhoods, offers a variety of options for both regional and national developers looking to increase their portfolios in the Boston market.”
About Colliers
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,100 professionals operating from 554 offices in 66 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.
