KENSINGTON INVESTMENT COMPANY, INC. | Since 1983
KICKICKICKIC
  • Home
  • About Us
    • Mission & Values
    • Team
    • Board of Advisors
    • Founder
  • Real Estate
    • Properties
    • Sustainability
    • Available Leasing
  • Philanthropy
    • Philanthropy Awards
  • Travel
    • Travel Awards
  • News
  • Contact Us
    • Career Opportunities
NextPrevious

361 Newbury Street: A New Look — and a New Tenant

By Patricia Nieshoff | Development | Comments are Closed | 23 November, 2015 | 3

The Kensington Investment Company (KIC) is pleased to announce that the extensive repositioning of its property at 361 Newbury Street in Boston has been completed.

Built in 1910, this 82,000 SF, 5-story mixed-use office and retail building is located at the corner of Newbury Street and Massachusetts Avenue at the western edge of Boston’s Back Bay. In 2013, KIC recognized the opportunity to add substantial value to the building by taking better advantage of the location — specifically, by leveraging the upper-floor office spaces and combining the ground-floor retail façades into one retail space with a prestigious Newbury Street address.

Putting a contemporary spin on a historic property

The $11.5M project had four phases: 1) improving the infrastructure and mechanical systems, 2) upscaling the lobby area, 3) opening up the upper floors to appeal to larger professional tenants, and 4) renovating all common areas, including bathrooms, hallways, and elevators.

The transformation begins at the building entrance at 100 Massachusetts Avenue, which was widened with a new frameless glass wall opening onto an enlarged lobby, renovated elevator, and open stairway. The lobby itself was redesigned with clean lines in granite, marble, wood, glass, and stainless steel, providing a contemporary counterpoint to the historic structure and effectively opening the lobby up to the street. The resulting ambiance is bright and generous.

The upper floors also received a facelift. A new layout maximizes the opportunity for open office layouts, while a new exposed HVAC system provides local climate control while allowing full exposure of the building’s heavy timber and masonry structure. Relocating the restrooms and central mechanical room also provides maximum flexibility around the building perimeter.

That open-space feeling prevails throughout the building, with direct and indirect lighting and ductwork carefully integrated into the structure — all done while providing small-zone HVAC controls. In addition, large, raised, north-facing skylights on the top floor have been replaced with thermally insulated skylights, and historic, operable sash windows have been replaced so that the character of the building is maintained and local user control is maximized.

Making energy efficiency a priority

Given KIC’s mission of being the leading socially and environmentally responsible family real estate development and investment company, energy-efficiency was an important goal of the project. Toward this goal, a new BMS (Building Management System) was installed to allow for greater control over all components of the HVAC system. Heating and cooling systems were replaced on the upper three floors, a new heavily-insulated roofing system was installed, and the old roof monitors were replaced with new insulated clear windows. The rain water/storm drain system was rerouted to the interior of the building and is ready to tie into the City’s new storm water system. And lastly, the passenger elevator was modernized and enhanced esthetically.

The result of the mechanical enhancements is expected to produce improved efficiency of approximately 5% in cooling-season and 20% in heating-season utility costs. They will also ensure that we are running the most energy-efficient building possible.

Turning over a new lease

Regus, a high end flexible work space provider, has already signed up to relocate to 361 Newbury Street. The building is also home to other well-known tenants, including Urban Outfitters and Boston Sports Club.

The renovated property is scheduled to open in spring 2016.

No tags.

NextPrevious

Archives

  • February 2023
  • April 2022
  • February 2022
  • November 2021
  • October 2021
  • February 2021
  • August 2020
  • July 2020
  • May 2020
  • April 2020
  • February 2020
  • October 2019
  • September 2019
  • July 2019
  • June 2019
  • May 2019
  • March 2019
  • December 2018
  • October 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • February 2018
  • November 2017
  • September 2017
  • June 2017
  • May 2017
  • April 2017
  • January 2017
  • November 2016
  • September 2016
  • June 2016
  • May 2016
  • April 2016
  • February 2016
  • November 2015
  • October 2015
  • September 2015

Categories

  • Awards
  • BusinessWorks
  • Community Service
  • Development
  • Uncategorized

Contact Us

Kensington Investment Company, Inc. | Boston Office
347 Congress Street
Boston, MA 02210

(617) 790-3900
info@kicboston.com

Kensington Investment Company, Inc. | Utah Office
1796 Prospector
Park City, UT 84060

(435) 602-1720
infoUtah@kicboston.com

View available commercial and residential leases.

Request for Maintenance (Residents Only)

Career Opportunities

Privacy Policy

Recent Posts

  • Dr. Martin Luther King Jr. Memorial Supported by Alnoba LFF Unveiled on Boston Common

    On January 13, The Embrace, an epic sculptural tribute to the legacy

    14 February, 2023
  • Salt Lake City is in ascension’: Ground breaks on what will soon be Utah’s tallest building

    By Carter Williams, KSL.com SALT LAKE CITY — Salt Lake City’s skyline is

    20 April, 2022
  • Home
  • About Us
    • Mission & Values
    • Team
    • Board of Advisors
    • Founder
  • Real Estate
    • Properties
    • Sustainability
    • Available Leasing
  • Philanthropy
    • Philanthropy Awards
  • Travel
    • Travel Awards
  • News
  • Contact Us
    • Career Opportunities
Copyright 2020 | Kensington Investment Company, Inc.
  • Home
  • About Us
    • Mission & Values
    • Team
    • Board of Advisors
    • Founder
  • Real Estate
    • Properties
    • Sustainability
    • Available Leasing
  • Philanthropy
    • Philanthropy Awards
  • Travel
    • Travel Awards
  • News
  • Contact Us
    • Career Opportunities
KIC
Privacy Notice

Please read our Privacy Notice before continuing to the site.