REAL ESTATE HISTORY: The John B. Hynes Memorial Convention Center (900 Boylston Street) named after the former Mayor was in completed in 1988 & designed by Kallmann, McKinnel & Wood; it replaced a previous convention center built there in 1963. It is 193,000 SF of which 176,000 SF is convention space sitting on 5.8 AC of prime land. The building is being marketed for sale soon by the State & they are not booking for 2023 & beyond.
Interesting stats from the PAST 14 days: (sublease & direct – in all cases temp space excluded) from Mass Ave to the Seaport, South End to North Station.
- 39 spaces hit the market as available in the subject area equating to ~232,000 SF, mostly due to a smattering of small suites hitting the market;
- However, an impressive 48 spaces cameoff the market equating to ~583,000 SF, mostly due to InterSystems’ 400,000 SF committed at 1 Congress (bringing the building to essentially full occupancy);
- Total Availability ticked down in this period to ~15.5 MM SF.