News

Oxford Properties Proposes 24-Story Leather District Office Tower

Google Maps
125 Lincoln St.

Another Boston parking garage could bite the dust.

Oxford Properties wants to turn an old parking garage it owns at 125 Lincoln St. into a 625K SF office building, according to a letter of intent the developer filed with the Boston Planning & Development Agency late last week.

The 24-story tower would replace a five-story parking garage currently home to Hei La Moon, a popular dim sum restaurant in the garage’s ground floor. The building would be at a busy intersection where the Rose Kennedy Greenway begins and where Chinatown and the Leather District meet.

“The project will be a dynamic addition to downtown Boston that will revitalize the site,” Oxford Properties Head of Boston Development Mark McGowan said in the letter to the BPDA.

Further details on the project will come later, but McGowan’s letter indicates Oxford would include below-ground parking, ground-floor retail and a restaurant as well as outdoor public space in the development. The developer bought the garage in 2017 for $40M.

Several Boston parking garages have attracted developer interest in recent years. CIM Group and Boston Global Investors are partnering on a plan to turn the Motor Mart garage near Bay Village into a residential tower. A development team that includes Washington, D.C.-based National Real Estate Advisors, Carr Properties and the HYM Investment Group is underway on Bulfinch Crossing, a 2.9M SF mixed-used development replacing a portion of the Government Center Garage.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Boston Newsletters
Related Stories

Cross Ocean Partners, Fuller Realty Acquire 829K SF Houston Office Campus

Developers Line Up To Convert Boston Offices To Housing, But Most Still Stuck At Starting Gate

NYC Office Investor Warns It Could Go Under As Defaults Pile Up

Deutsche Bank Takes 5 Floors At Oaktree And Quadrant's Canary Wharf Scheme

Coconut Grove Office Flipped For $15M Gain After One Year

D.C.'s Office Market Is Getting A Makeover

State's High Court Allows $325M Boston Soccer Stadium Project To Proceed

Oxford Properties Pays $435M For Boston Office Tower, Eyes More Deals

AvalonBay, Equity Residential Selling Boston Towers As Part Of Merger Settlement

Suburban Industrial Campus Trades For $47M: The Boston Deal Sheet

Judge Rules FBI Can't Scrap Maryland Headquarters Plan

EXCLUSIVE: Opal Holdings' Former 700K SF Suburban Chicago Office Campus Hits The Market