News

Boylston Properties Introduces Life Science Building, 500 Forge, in Arsenal Yards, Watertown

August 2021

Construction of the 120,000 sf life science building commenced in March 2021

500 Forge rendering from Arsenal St.

Watertown, MA – Thursday, August 26, 2021 – Boylston Properties, a Boston-based developer of mixed-use destinations, is officially introducing 500 Forge, a transformational life science building and the first building you see as you enter Watertown along Arsenal St., positioned prominently within amenity-rich Arsenal Yards. With 120,000 SF of life science space under construction, 500 Forge is led by the proven development team behind other first class life science development in Watertown, including LINX, 200 Arsenal Yards Blvd, and the future 100 Forge. 500 Forge will be ready for forward-thinking life science companies to move in by August 2022.

 

The East End of Watertown has become a hotbed of activity as life science companies now occupy over 1M SF of real estate in the area, with an additional 1M sf under development; and Arsenal Yards is in the center of it all. Boylston Properties is transforming 500 Forge into a purposefully renovated life science building featuring 15’-18’ ceiling heights, new mechanical systems, outdoor balconies, covered parking, and an ideal first floor for robust chemical and GMP users.

 

“As one of the first in the area to develop purpose-built life science space in Watertown alongside industry leaders like Alexandria Real Estate, we are ecstatic to see the momentum building within this emerging cluster on the border of Allston/Brighton and Cambridge,” said Bill McQuillan, founding principal at Boylston Properties. “Arsenal Yards is a life science recruiters’ dream with tons of retail, fitness and entertainment amenities for talent recruitment and retention. The community and experience that we are building, which is in its final stage of construction, is attracting best in class life science companies who want the ideal work environment for their teams.”

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Boylston Properties Completes The Largest Solar Energy Project in Watertown at Arsenal Yards

May 2021

Partnership with Kearsarge Energy will deliver over 1 MW of energy back to the town

 

Watertown, MA – May 20, 2020 – Boylston Properties today announced the completion of an extensive solar panel energy project at Arsenal Yards, a 1M square foot mixed-use project in Watertown’s East End neighborhood. After an extensive search for the best-in-class partner, Boylston Properties partnered with Kearsarge Energy on the six-month project. The energy company undertook a multi-million-dollar investment and is the owner and operator of the solar panels. Through the partnership, approximately 2,700 solar panels have been installed as a canopy on top of the brand-new parking garage, as well as on one of the two original Arsenal building roofs on the property – making this the largest solar energy project in the town to-date.

 

The solar panels will generate 1,375,000 kWhours that will be sold by Kearsarge Energy as discounted energy credits to low- and moderate-income housing facilities in the surrounding community including Boston. The energy generated is enough to supply power to 212 homes annually. Boylston Properties is continuing to explore further opportunities to efficiently and effectively install new arrays on additional aspects of the property.

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Sam McQuillan Joins Boylston Properties as Vice President, Investments

April 2021

Wednesday, April 7, 2021 – Boston, MA – Boylston Properties, a Boston-based developer of mixed-use properties, announced today that Sam McQuillan joined the team in March 2021 as Vice President, Investments. In addition to guiding capital markets decisions for the existing Boylston Properties portfolio, Sam is responsible for leading evaluations of new investment opportunities in the Greater Boston area.

Prior to joining Boylston Properties, Sam spent three years on Jamestown’s acquisitions team, leading the company’s investing efforts in Boston and assisting on acquisitions throughout the United States and Europe. Prior to joining Jamestown, Sam spent three years working for HFF in both their Boston and New York offices, working on debt, investment sales and JV equity deals.

“Sam brings an incredibly valuable skill set and proven expertise to our team as we look to expand our footprint,” said Mark Deschenes, Principal at Boylston Properties. “We are looking toward new investment opportunities in the Greater Boston area, and are confident Sam will help us better evaluate valuable assets and continue our success in the market.”

Sam joins Boylston Properties as the team continues its growth and expansion in the Boston area. Ground-up developments are well underway in Watertown, including the 1M square foot mixed-use Arsenal Yards project which will deliver at the end of 2021. By the end of 2022, the Arsenal Yards campus will also be home to three new life science buildings: Watertown’s first nine-story purpose-built lab/life sciences building, 100 Forge, a completely renovated 500 Forge, formerly known as One Arsenal, at the entrance to Watertown from Boston’s Allston/Brighton neighborhood, and 108k square feet of recently completed life science space at 200 Arsenal Yards Boulevard. Other notable projects include Common Allbright, Allston’s first co-living development in partnership with Arx Urban and Common, as well as the future redevelopment of the current Onyx Hotel in Boston’s North Station neighborhood.

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Hampton Inn & Suites by Hilton™ Now Open at Arsenal Yards in Watertown

February 2021

Boylston Properties and Stonebridge Companies began welcoming guests to the Hampton Inn & Suites by Hilton™ Watertown Boston on February 15; “Virtual Ribbon Cutting” planned for March 1

Watertown, MA – February 17, 2021 – Boylston Properties and Stonebridge Companies today announced that the Hampton Inn & Suites by Hilton™ Watertown Boston is now open and welcoming guests at the brand new hotel in the heart of Arsenal Yards. The property is operating as a Hilton franchise, owned by a joint venture of Boylston Properties and the Stonebridge Companies, and managed by Stonebridge Companies. The hotel staff and development team will invite a small group of constituents to a private “virtual ribbon-cutting” on March 1, and encourages all interested guests and visitors to contact or stop by the hotel for a socially-distanced tour of the beautifully designed property.

The development team expects that the growing number of life sciences companies that call Watertown home, the easy access to the region’s medical community, and the town’s proximity to Boston and Cambridge, will contribute to an increase in demand from business and leisure travel to Watertown. Located directly on Arsenal St., the hotel is well positioned to meet the area’s demand for extended stay lodging.

“It’s been a challenging year for the hotel industry, to say the least, and we couldn’t be more proud to unveil this beautiful Hampton Inn & Suites by Hilton product to the local community,” said Bill McQuillan, principal at Boylston Properties. “None of this would be possible without the assistance and support received from the Town of Watertown, including the Planning Department, Zoning Department, Board of Health, Licensing Board, and more.  We are also extremely grateful for the vision of our design team at Group One Partners, the diligent attention to excellence as well as health and safety precautions taken by our construction team at PROCON Construction, the execution by our partners at Stonebridge Companies, and the overall coordination by the entire Arsenal Yards team.”

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