Colliers Boston Named Exclusive Agent For Sale of Bay Village Redevelopment Opportunity

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BOSTON – Colliers International has been hired as the exclusive listing agent for 27-29 Isabella Street, an approximately 23,136 SF redevelopment opportunity in Boston’s Bay Village neighborhood. Currently owned by the Marist Father and operating as priest housing, “The Isabella” boasts 8+ parking spaces, 9’ ceiling heights throughout, and a central elevator.

27-29-isabella-street-sWorking on behalf of the client, this assignment will be led by Chris Sower, senior vice president of multi-family investment sales and Scott Dragos, executive vice president of investment sales. The team also will include Jen Price, Jonathan Bryant, and Maggie Collins.

27-29 Isabella Street consists of a classic, free-standing, centrally located building in one of Boston’s most desired locations. The existing structure is comprised of 5-stories plus a basement, with an FAR of 2.0, approximately 4,300 SF floor plates and four window lines. The site is zoned for by-right multi-family use, providing for potential conversion and redevelopment. Accessed via Columbus Avenue or Arlington Street, “The Isabella” is located on a quiet, tree-lined street and epitomizes classic French Renaissance architecture.

Surrounded by Back Bay and South End, Bay Village is known for its quiet aesthetic and excellent access to a variety of employment drivers, transportation options and entertainment venues. The Isabella provides convenience to major Boston employers including Liberty Mutual, Natixis Global, Wayfair and John Hancock, in addition to multiple MBTA stations on the Green & Orange Lines and Commuter Rails and Interstate-90/Mass Pike. Back Bay Station, Boston’s largest transportation hub, is less than a ten minute walk from the property.

Chris Sower, Senior Vice President, stated of the opportunity, “we believe that the strength of recent Back Bay developments will tie perfectly into this site. The redevelopment potential of 27-29 Isabella Street, combined with ease of access to Boston’s most active neighborhoods, offers a variety of options for both regional and national developers looking to increase their portfolios in the Boston market.”

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