276 Border Street | East Boston | Offering Memorandum

WONDERLAND • Necco Candy Factory: Plans to change the former candy factory into a manufacturing hub for robotics. – future 800k+ sf of renovated commercial space • Waterfront Square: 881 Class A apartments completed or under construction and a 170-key hotel

BEACHMONT

ORIENT HEIGHTS/SUFFOLK DOWNS • Suffolk Downs: Recently purchased by The HYM Investment Group, Suffolk Downs, a 161-acre site, could become one of Boston’s largest developments in recent years. HYM’s vision for the site is a large, mixed-use retail, entertainment, restaurants and residential area, similar to Somerville’s Assembly Row • The site is also a potential location for Amazon’s HQ2

SUFFOLK DOWNS

AIRPORT • Connections to Silver Line (Seaport & Financial Districts) • 17th busiest airport in US • Over 36 million passengers annually

ORIENT HEIGHTS

MAVERICK • East Boston: One of the city’s fastest growing residential communities • Clippership Wharf: 478 units 301-303 Border Street: 64 condos, 1,000 SF retail

WOOD ISLAND

HARLESTOWN

276

AQUARIUM • Direct connection to the Financial District • 35 MSF of office space • Kennedy Greenway • Abundance of restaurants, retail and hotels

AIRPORT

GOVERNMENT CENTER • Easy connections to the Green Line

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MAVERICK

• Steps to North Station: Fastest growing Tech Center in Boston • Faneuil Hall: Boston’s Shopping destination with over100 retailers • Bulfinch Crossing: 800 units, 100,000 SF retail

BOSTON

AQUARIUM

The Blue Line Corridor has directly benefitted from continued urban migration in the Boston metro. The area’s population base increased by 7% from 2010-16, reaching more than 52,000 residents. This growth pattern is expected to continue in the future as the population along this corridor is set to grow by another 6.4% over the next five years. Not only is the population expanding, but it is also highly-educated. As of 2016, 38.5% of those 25 years or older living in the Blue Line Corridor held a Bachelor’s Degree or higher. This is only slightly below the statewide average of 40%. Young professionals looking for city living, proximity to public transit and more affordable rents are likely driving this trend. Though areas along the Blue Line have offered some pricing relief for apartment renters, asking rents have been climbing at a steady clip here as well; reaching $3.09/SF in 2017. New construction, particularly in East Boston, is partially responsible for this trend. Newly built multifamily properties in Boston are commanding between $3-$4/SF, which represents a $1-$2/ SF premium over product constructed before 2012.

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