The project involves the revitalization of a portion of Pleasant Street with the creation of a 4-story 44 unit multi-family residential development.
The site currently houses a light industrial use surrounded by parking and yard storage along the Pleasant Street frontage. Residential uses currently abut the property on 3 sides with the Charles River lying […]
Liberty Wharf is situated on Jimmy’s Harborside original footprint and designed to achieve a unique waterfront ambiance on historic Boston Harbor. The three new architecturally distinct buildings total approximately 74,000 sf of indoor area: a four story building of approximately 50,800 sf, a 21,700 sf building of two plus stories with a partially enclosed roof […]
Located in the downtown North Station neighborhood, the Bulfinch Hotel stands just blocks from Faneuil Hall and the Financial District. Cresset permitted a three-story addition to the existing six floors and the conversion to an 80-room hotel with a ground-floor restaurant and bar. This was a major renovation that included, foundation, underpinning, excavation for a […]
Clarke’s Restaurant, first established in the 1970’s, is a Boston landmark. The proximity of this retail condominium to Faneuil Hall/Quincy Market offers all the benefits of the Marketplace while being exempt from the common area charges imposed on the adjacent retailers situated directly in Quincy Market. The asset has the potential to be repositioned as […]
This office building is a stable asset with a solid downtown Boston location. The property was fully leased at acquisition and purchased at a price well below replacement cost, with existing rents below market in an area of the city where substantial redevelopment was taking place.
Cresset successfully renewed/re-leased 77,370 sf, which expired through 2004, […]
Cresset purchased One & Two Lincoln Plaza in downtown Boston for $27,500,000 ($121/sf). The seller, Washington Mutual Bank, had recently taken the property back from Morgan Stanley Advisors in a deed in lieu of foreclosure. The property was configured as first-class office space, but is within a zoning district that allows for residential use, subject […]
Built in 1985, this office space is located at the Winter Street exit off Rte. 128 and is recognized as an “A” location in the suburban/Rte. 128 market. In 2000, a single tenant signed a lease for the entire building and spent approximately $200/sf to renovate the building into a first class level of interior […]
Located in the historic heart of Boston’s Central Business District (CBD), this boutique commercial office property was initially rehabilitated in 1980 by a law firm that occupied the entire building. Cresset subsequently reconfigured the property to suit multi-tenancy in order to re-let in the marketplace.
The property was acquired to provide small businesses seeking an […]
This mixed-use residential/commercial property, located on Massachusetts Avenue between Harvard Square and Central Square, comprises five conjoined buildings with 63 residential units, 7 commercial retail unit storefronts facing Massachusetts Avenue and 33 parking spaces surrounding a secure landscaped courtyard.
Originally acquired for use as rental apartments, the asset was subsequently converted to for-sale condominiums, initiating […]
The Rural Land Foundation (RLF) has contracted with Cresset Development, LLC to redevelop a 178,000 sf site in Lincoln, MA. The site is located at 145 Lincoln Road, abuts a MBTA Train Station and includes 34,000 sf of buildings. The existing buildings were built in the 1970’s and include anchor tenants such as Donelan’s Supermarket, Bank of […]