Colliers Brokers Sale of Priest Housing Building in Bay Village
- Sep 28, 2016
Boston—Colliers International is the exclusive agent for The Isabella, a five-story, 23,000-square-feet property situated in Bay Village, Boston’s smallest neighborhood, a central and very coveted location. The building, now operating as a priest housing facility, represents a strong redevelopment and conversion opportunity, since the site it sits on is zoned for multifamily use. Colliers’ Jen Price, Jonathan Bryant and Maggie Collins, led by Chris Sower, senior vice president of multi-family investment sales, and Scott Dragos, executive vice president of investment sales, will be representing the seller, Marist Father.
“We believe that the strength of recent Back Bay developments will tie perfectly into this site. The redevelopment potential of 27-29 Isabella St., combined with ease of access to Boston’s most active neighborhoods, offers a variety of options for both regional and national developers looking to increase their portfolios in the Boston market,” Sower said in a prepared statement.
The Isabella, which embodies French Renaissance architecture, features four window lines, nine-foot ceilings throughout, a central elevator, a basement and more than eight parking spaces. The property offers easy access to a variety of transportation options (Massachusetts Bay Transportation Authority rail stations, Interstate 90), entertainment venues and some of Boston’s major employers, including Liberty Mutual, Natixis Global, Wayfair and John Hancock.
Image courtesy of Colliers International