{"id":1004110991,"date":"2015-01-12T06:53:57","date_gmt":"2015-01-12T14:53:57","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=316895"},"modified":"2020-05-11T01:34:27","modified_gmt":"2020-05-11T09:34:27","slug":"private-swiss-investor-and-center-court-boston-plan-luxury-condo-tower-for-tremont-street-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/private-swiss-investor-and-center-court-boston-plan-luxury-condo-tower-for-tremont-street-2\/","title":{"rendered":"Private Swiss Investor and Center Court Boston Plan Luxury Condo Tower for Tremont Street"},"content":{"rendered":"<p><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p>A new luxury condominium tower could replace a vacant office building located at 171 Tremont Street in Boston\u2019s Midtown Cultural District.<\/p>\n<div id=\"attachment_316897\" class=\"wp-caption alignright\" style=\"width: 160px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/171-Tremont-Street-Boston-Midtown-Cultural-District.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-316897\" title=\"171 Tremont Street - Boston Midtown Cultural District\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/171-Tremont-Street-Boston-Midtown-Cultural-District.jpg\" alt=\"171 Tremont Street - Boston Midtown Cultural District\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">171 Tremont Street &#8211; Boston Midtown Cultural District<\/p>\n<\/div>\n<p>Maurice Dabbah, a private real estate investor from Switzerland, teamed up with Center Court Boston LLC to redevelop the 17,750-square-foot building and recently filed a letter of intent with the Boston Redevelopment Authority. As reported by the <em><a title=\"Boston Business Journal\" href=\"https:\/\/www.bizjournals.com\/boston\/real_estate\/2014\/12\/luxury-residential-tower-planned-in-theater.html?iana=ind_cre\" rel=\"nofollow\">Boston Business Journal<\/a><\/em>, the developers plan to build a 355-foot tall tower that will include 31 luxury condominium units.<\/p>\n<p>According to <em><a title=\"Banker &amp; Tradesman\" href=\"https:\/\/www.bankerandtradesman.com\/news162347.html\" rel=\"nofollow\">Banker &amp; Tradesman<\/a><\/em>, the luxury residential tower would rise at least 31 stories above ground, with each condominium unit taking up an entire floor.<\/p>\n<p>The proposed development\u2014which is next to Parkside Condominiums, a movie theater operated by AMC and a MBTA station\u2014will be designed by Boston-based Elkus Manfredi Architects. Vanasse Hangen Brustlin, Inc. (VHB) will serve as civil engineer for the condominium tower.<\/p>\n<p>The 4,400-square-foot lot and the existing building are valued at a combined $3.4 million, the <em>Journal<\/em> reports quoting Boston city records.<\/p>\n<p>The existing four-story office building was constructed by Millennium Partners in the early 2000s as sales offices for the company\u2019s various properties across Boston. Reportedly, Millennium acquired the property for $4 million in 1999 from Millennium Music LLC, an entity affiliated with Hammerstein Music &amp; Theatre Company, Inc. In November 2011 the office property was transferred to MP Tremont Development Co. LLC, one of the companies under the Millennium Partners umbrella.  In mid-2014, 171 Tremont Street was sold to Manhattan Development Corp. for $16.4 million.<\/p>\n<p>&nbsp;<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new luxury condominium tower could replace a vacant office building located at 171 Tremont Street in Boston&rsquo;s Midtown Cultural District.<\/p>\n","protected":false},"author":258,"featured_media":1004505718,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490],"tags":[],"class_list":["post-1004110991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Private Swiss Investor and Center Court Boston Plan Luxury Condo Tower for Tremont Street - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/private-swiss-investor-and-center-court-boston-plan-luxury-condo-tower-for-tremont-street-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private Swiss Investor and Center Court Boston Plan Luxury Condo Tower for Tremont Street\" \/>\n<meta property=\"og:description\" content=\"A new luxury condominium tower could replace a vacant office building located at 171 Tremont Street in Boston&rsquo;s Midtown Cultural District.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/private-swiss-investor-and-center-court-boston-plan-luxury-condo-tower-for-tremont-street-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-01-12T14:53:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T09:34:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/171-Tremont-Street-Boston-Midtown-Cultural-District.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/private-swiss-investor-and-center-court-boston-plan-luxury-condo-tower-for-tremont-street-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/private-swiss-investor-and-center-court-boston-plan-luxury-condo-tower-for-tremont-street-2\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"Private Swiss Investor and Center Court Boston Plan Luxury Condo Tower for Tremont Street\",\"datePublished\":\"2015-01-12T14:53:57+00:00\",\"dateModified\":\"2020-05-11T09:34:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/private-swiss-investor-and-center-court-boston-plan-luxury-condo-tower-for-tremont-street-2\\\/\"},\"wordCount\":275,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/private-swiss-investor-and-center-court-boston-plan-luxury-condo-tower-for-tremont-street-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/171-Tremont-Street-Boston-Midtown-Cultural-District.jpg\",\"articleSection\":[\"Boston\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/private-swiss-investor-and-center-court-boston-plan-luxury-condo-tower-for-tremont-street-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/private-swiss-investor-and-center-court-boston-plan-luxury-condo-tower-for-tremont-street-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/private-swiss-investor-and-center-court-boston-plan-luxury-condo-tower-for-tremont-street-2\\\/\",\"name\":\"Private Swiss Investor and Center Court Boston Plan Luxury Condo Tower for Tremont Street - 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