GROUND LEASE RETAIL OPPORTUNITY
68-70 North Beacon Street is strategically positioned at a four-way signalized intersection of North Beacon and Irving Street, an area that is among a dynamic retail hub in the heart of this flourishing Boston submarket. Its prime location offers a strong street presence along with ingress and egress options on both North Beacon and Irving Street that can cater to a variety of different ground lease retail opportunities.
- Signalized Intersection
- High Growth Market
- Ground Lease Opportunity
In addition to its superior location, the site is located approximately ½ mile away from the Arsenal and Watertown Mall, filled with local and national retailers including Target, CVS and Gap. This thriving retail corridor of Watertown is booming with current and future development projects that will drive a massive amount of traffic to the area.
Elan Union Market, located on Arsenal Street, is slated for delivery in spring 2018 and will be home to an additional 10,600 SF of retail along with 282 residential units. The Wilder Companies is working on a repositioning project for the Arsenal Mall dubbed “Arsenal Yards,” which will transform the east end of Watertown into a new and enhanced shopping destination with 250,000 SF of retail, 500 residential units and 100,000 Sf office space. Gables Arsenal Street is a development led by the Hanover Company and will include 297 luxury apartments complimented by 6,777 square feet of retail. WS Development is also in the midst of a 32,000 square foot retail project located directly next to the Gables.