L3 Capital has plans to develop Newbury Street., a fully approved, 43,500-square-foot retail and office development in Boston’s Back Bay neighborhood.
JLL Capital Markets arranged $56 million in construction financing for the development.
149 Newbury Street will be a ground-up development of a five-story building housing about 16,000 square feet of retail and 27,500 square feet of office space. The project is set to break ground in February with delivery anticipated in Q2 2023.
The property is positioned in the heart of Back Bay at the intersection of Newbury Street and Dartmouth Street. This places the property within walking distance of all amenities in the Back Bay, Fenway and Downtown neighborhoods, including high-end retail shops, restaurants and numerous hotels as well as the Hynes Convention Center, Copley Place, Prudential Center, and the Boston Common and Public Gardens. 149 Newbury Street is easily accessible to Boston’s MBTA subway system and is
