One of Boston’s largest landlords is advancing a plan to develop a 24-story office building at 125 Lincoln Street in the Chinatown-Leather District borderlands.
Oxford Properties Group—which bills itself as “the second largest landlord in Boston” with more than 4.5 million square feet—filed plans for the building with the Boston Planning and Development Agency on June 7.
An Oxford Properties executive told the Globe’s Tim Logan that the company could start construction in about a year if the necessary approvals come through—though Oxford Properties is not sure whether it would build without an anchor tenant in place first.
Should the proposed 340-foot, 625,000-square-foot building rise, though, it will be in a prime spot a stone’s throw from Interstate 93 as well as South Station. It would also likely start leasing amid a Boston office market with a particularly low inventory of available space and rents higher than in most comparable U.S. cities.
Oxford Properties’ proposal also includes privately owned public space on the inside of the ground floor and an outdoor plaza along the Rose Kennedy Greenway. There would be underground parking for up to 275 vehicles, too.
While it’s a major property owner in Boston, 125 Lincoln would be Oxford Properties’ first Boston development. The company—the real estate wing of a Toronto-based Canadian pension fund—is perhaps best known in the U.S. for co-developing Manhattan’s Hudson Yards, which opened this year and which is the nation’s largest private development.
Oxford Properties acquired 125 Lincoln—which includes a garage, office space, and retail—in 2017 for $39.5 million with the intention of redeveloping it. Stay tuned.