At its session last Thursday, the BRA approved seven projects totaling approximately $259 million. The largest development to be approved by the BRA was the 321 Harrison Avenue project, which will involve the development of an eight-story, approximately 230,000-square-foot, Class A office property atop the existing three-story parking garage at 321 Harrison Ave. According to documents filed with the BRA the project also entails the reconstruction of the lobby that will serve as a shared lobby with its adjoining 11-story, 242,000-square-foot 1000 Washington St. office building.
Affiliates of Rubenstein Partners, L.P. and Nordblom Co. acquired the 321 Harrison development site, and the adjacent existing office building at 1000 Washington St. for $75 million in January 2015. The BRA reports the development will cost another $80 million to construct.
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