Boston Bruins Sign Lease Agreement for New Practice Facility at Boston landing
By Veronica Grecu, Associate Editor
After having spent nearly three decades at the outdated Ristuccia Memorial Arena, the Boston Bruins will move closer to their fans into a new practice facility in the Allston/Brighton neighborhood.
The NFL team recently signed a letter of intent for a long-term lease at the massive Boston Landing campus that New Balance is building on a 14-acre site along Guest Street. Earlier in May Commercial Property Executive reported that NB Development Group—New Balance’s real estate investment and development arm—selected HYM Investment Group, LLC to co-develop the $500 million mixed-use project that will include a 250,000-square-foot world headquarters building for the sports footwear manufacturer, as well as 650,000 square feet of Class A office space, 65,000 square feet of retail and restaurant space, a new commuter station, a boutique hotel, and a large sports complex spanning 325,000 square feet at 77 Guest Street.
“The vision that New Balance has for the Boston Landing project is exactly what we were looking for, and we are confident that through this partnership, we will build a facility that our entire organization will be proud of,” said Boston Bruins President Cam Neely in a press statement.
The new sports complex will be designed by Elkus Manfredi, the same architecture firm that created the conceptual plans for New Balance, the anchor tenant at Boston Landing. Winchester-based John Moriarty & Associates will handle the construction which is scheduled to begin next spring with a completion date tentatively set for fall 2016. In addition to the hockey rink, the Bruins’ new practice center will include around 25,000 square feet of locker room, as well as administrative offices.
According to the Boston Business Journal, the deal was brokered by Transwestern/RBJ on behalf of New Balance, while Dartmouth Co. represented the Boston Bruins.
Rendering of Boston Landing via Elkus Manfredi ArchitectsTags: Acquisitions/Dispositions, Allston, Architecture/Design, Boston Bruins, Boston Landing, Boston Lead Story, Brighton, Brokers, Commercial, Consumer, Developers, Development, Education, Finance/Investment, Financiers, Green, hockey, Investors, leasing, Local, National, New Balance, nfl, Office, practice facility, Professional, property management, Regional, retail, sports complex