The Davis Companies Acquires Leasehold Interest in 88 Black Falcon Avenue in Boston’s Seaport District
Following a long-term ground lease with the Massachusetts Port Authority (Massport), The Davis Companies (TDC) plans to significantly update 88 Black Falcon Avenue in Boston’s Seaport District. The property, which consists of two three-story interconnected buildings totaling 376,000 square feet, is located within the Raymond L. Flynn Marine Park, which is also home to Cruiseport Boston and the 1.4 million-square-foot Innovation and Design Building.
The location offers views of the Boston Harbor as well as direct access to Route 93 and the Massachusetts Turnpike, 550 onsite parking spaces, and its own Massachusetts Bay Transportation Authority (MBTA) Silver Line Stop. The buildings at 88 Black Falcon Ave. feature ceiling heights ranging from 14 to 20 feet, as well as efficient office and industrial/R&D infrastructure. Optimus Ride Inc., which develops autonomous vehicle technologies, occupies 19,000 square feet on the building’s first floor.
As part of the property’s redevelopment, TDC will improve a portion of the Boston Harborwalk, a public promenade that follows the edge of piers, wharves, beaches, and the shoreline around the Harbor. Completion is scheduled for second quarter 2018.
“We are undertaking a thorough re-envisioning of this highly flexible, high-quality historic asset as a premier mixed-use development that can serve the evolving character of Boston’s office and industrial base, while also respecting and preserving its marine industrial roots and enhancing its status as Boston’s entry point from the sea,” says Jonathan Davis., CEO and founder of The Davis Companies.
Working with Dyer Brown Architects, TDC will update the property’s common areas, bathrooms, elevator lobbies, entrances, and existing restaurant/café, as well as create a new fitness center with showers and lockers, and bike rooms for storing and repairing cycling equipment.