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Archstone-Smith Opens Downtown

BOSTON-Archstone-Smith moves into the city. The Colorado-based development company, which is currently developing a 28-story high-rise apartment community in the city's Chinatown neighborhood, is opening a regional office in 10,000 sf at 186 Lincoln St.

By Naomi Grossman | Updated on June 07, 2004

BOSTON-Archstone-Smith is establishing a presence in the city. The Colorado-based development company is opening a regional office in 10,000 sf at 186 Lincoln St. The space will serve as a home base to 20 associates who cover the company’s investment and operations activities in the Boston area.

Archstone-Smith says that the opening of the office underscores its commitment to Boston, which represents approximately 5% of its national portfolio, and a current investment of $590.6 million. The company formerly had offices in Lexington and Newton. Stephanie Wasser, vice president of development for Archstone-Smith says that those offices were dedicated to Archstone and Charles E. Smith, the company’s two consumer-facing brands. “Boston is an important market for us,” she notes. “As we expand our portfolio here, it’s critical that we unify our investment and operations activities under the Archstone-Smith umbrella to maximize synergies — and raise awareness of our presence in this market.”

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