"I'd like to put a vertical dealership in there," Ciccolo tells GlobeSt.com after paying $4.5 million for the 75,000-sf building. Having housed a diesel truck emporium back in the 1950s and 1960s, the five-story building would be suitable for such a use, maintains Ciccolo, who says he hopes to garner neighborhood support for the concept. Not only is the structure able to accept the load, says Ciccolo, there remain elements such as an oversized freight elevator to accommodate the vehicles. "It's all ready to go," says Ciccolo, explaining he would also like to incorporate the building into the existing dealership complex next door. A model of car that would be traded has not been determined, he says.

North Beacon Street has undergone substantial changes during his tenure, Ciccolo acknowledges, perhaps most dramatically being a multibuilding office complex that houses New Balance's new headquarters. A shopping plaza was carved out of a former steel plant behind the dealership, and Loew's is now lobbying to convert a nearby electronics manufacturing facility into one of the chain's large home improvement centers. "The whole street has been completely transformed," says Ciccolo. "It used to be a mess, but things are a lot better now." Earlier this month, public broadcasting's flagship station, WGBH, opened its new corporate headquarters a few blocks from Boston Volvo Village.

Interestingly, Ciccolo says he was approached and introduced with the prospect of buying 61 North Beacon St. by the sellers, an overture which occurred after the previous ownership had sought and gained approvals to add three stories and create a residential use for the building. No explanation was given for the reversal, says Ciccolo, who says he welcomed the advances. "Its not every day you can take control of your abutting property," he says.

Ciccolo relays that 61 North Beacon St. was once the local dealer for Cummings Diesel trucks, whereas the home of Boston Volvo Village peddled Mack Trucks. Both properties are on the western end of an automobile row that extended nearly two miles down Brighton Avenue onto Commonwealth Avenue and into Kenmore Square. A victim of suburban flight, the dealerships have since been converted into alternate functions such as housing, restaurants and retail, while Boston University has acquired dozens along Commonwealth Avenue for academic and administrative needs.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.