Boston – Shawmut Design and Construction recently announced that it has started construction on L3 Capital’s mixed-use commercial development at 149 Newbury Street in Boston’s Back Bay neighborhood.
In partnership with architecture firm Nelson Worldwide, the former parking lot at the corner of Newbury Street and Dartmouth Street will be redeveloped into a 5-story mixed-use retail and office building totaling 43,500sf. The state-of-the-art structure will feature 130 feet of frontage on Newbury Street, dedicated flagship retail space, exclusive office entrance, as well as a rooftop penthouse and outdoor terrace.
The development will offer up to 16,000sf of retail space on the first two levels and 27,500sf of office space, and is slated for completion in 2023.
“Partnering with L3 Capital on this redevelopment is immensely exciting,” said Kevin Sullivan, executive vice president of Shawmut Design and Construction’s New England Region. “With its prime location in the heart of Boston’s coveted Back Bay neighborhood, our team will leverage decades of local market expertise completing complex urban projects and create a building that will strengthen the iconic pedestrian corridor.”