350 Washington Street
This premier shopping complex is located in the heart of Boston’s Downtown Crossing — one of New England’s busiest shopping districts — and represents Eastern Real Estate’s innovative approach to working closely with state and local officials on urban revitalization efforts.
- Redevelopment efforts on this site, the former Woolworth building, had stalled for over ten years until Eastern Real Estate acquired the property in 2000.
- Eastern Real Estate worked closely with state, city and local interests to permit and divest 600,000 square feet of air rights and a parking garage while retaining and redeveloping 150,000 square feet of prime retail space.
- The district was revitalized by the project’s addition of Marshall’s, H&M, T.J. Maxx and Boston Sports Club.
- In 2006, Eastern Real Estate sold this property to an off-shore investor.