179 Lincoln. Picture courtesy of EQ Workplace
EQ Workplace has accomplished its repositioning and redevelopment of 179 Lincoln, a five-story, 221,474-square-foot historic Class A workplace constructing positioned at 179 Lincoln St. in Boston. The mission was designed and overseen by Atelier Cho Thompson, which labored to each protect the constructing’s unique design and supply a piece setting that takes present workplace work tendencies into consideration.
In-built 1899, the property initially housed a shoe manufacturing unit. The constructing underwent a full adaptive reuse conversion to workplace areas in 1976, and in 2008 had a intestine renovation that earned it LEED Silver certification, in accordance with CommercialEdge info.
At current, the constructing is owned by Blackstone, which had acquired it in 2020 from earlier proprietor Invesco Actual Property for $156 million, as reported by the Boston Enterprise Journal. Following the acquisition, the customer tapped EQ Workplace, its workplace actual property funding and property administration subsidiary, for obligations to the latter.
The constructing’s present facilities embody a health heart, parking storage, bike storage room and 700 sq. ft of retail area, the identical supply reveals. Located in Boston’s Central Enterprise District, the area is positioned on the heart of the town’s high business space, flanked by myriad retail, eating and leisure choices, alongside fast entry to each public transportation and an on-ramp to the Interstate 93.
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At the moment, 179 Lincoln is leased to a number of tenants, primarily concerned within the promoting, digital media and enterprise analytics industries together with Outfront, Smartsheet and BlueConic, CommercialEdge reveals. Newmark Senior Managing Director Matthew George at the moment serves because the constructing’s leasing dealer.
A newly repositioned widespread space in 179 Lincoln, full with uncovered brick. Picture courtesy of EQ Workplace
Atelier Cho Thompson’s new repositioning modifications embody an growth and reconstruction of the constructing’s foyer and common-area facilities with a brand new materials association that features plaster, stone, wooden and metallic. In response to Britton Derkac, Nationwide Head of Leasing at EQ Workplace, the purpose of the repositioning was to pay tribute to the area’s historic roots, an more and more common amenity throughout the town’s workplace market.
As Derkac stated in ready remarks, this boutique brick and beam area in a market dominated by workplace towers has created a novel setting inside Boston. The brand new foyer spans the whole lot of the constructing’s top. Moreover, the agency has preserved the area’s exterior facade, and has reopened its uncovered brick and beam skeleton, paying tribute to its days as a manufacturing unit.
A repositioned workplace sector
The constructing’s repositioning takes place as workplace builders and operators adapt to new makes use of of and visions for his or her area, looking for to create a commute-worthy expertise for his or her tenants. Not too long ago, builders have taken to prioritizing the creation of open, inexperienced, naturally-lit areas to foster a piece setting that facilitates social interplay. Typically, such tasks have seen the modifications to complete ground plans.
In an analogous endeavor, EQ workplace accomplished its redevelopment of 800 Fifth, a 934,806-square-foot workplace constructing in Seattle. Just like 179 Lincoln, this mission noticed the development of a brand new foyer, public backyard and outside plaza, along with modernized amenity areas.
