Boylston Properties
Boylston Properties is a Boston-based private real estate developer founded in 1982 that builds mixed-use, life science, residential, and hospitality properties across Greater Boston, anchored by the 1M+ SF Arsenal Yards neighborhood in Watertown.
- Company typePrivate
- Founded1982
- HeadquartersBoston, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Boylston Properties does
Boylston Properties is a Boston-based private real estate development firm founded in 1982 that develops mixed-use, life science, residential, hospitality, and corporate office properties across Greater Boston and New England. The company's portfolio is anchored by Arsenal Yards, a roughly 1 million square foot master-planned neighborhood in Watertown's East End co-developed with J.P. Morgan Asset Management and The Wilder Companies, comprising approximately 500,000 SF of Class A life science facilities (100 Forge, 500 Forge, 200 Arsenal Yards Blvd), 302 rental apartments (Blvd & Bond), 146 hotel keys (Hampton Inn & Suites), and more than 250,000 SF of retail and restaurants. The firm generates revenue by developing these assets — sometimes selling stabilized income properties to institutional buyers such as LaSalle Investment Management and Clarion Partners — and through a vertically-integrated property management arm, Boylston Properties Management Company (BPMC), which provides recurring management services across its life science and retail portfolio. Recent strategic activity includes the $119.2 million refinancing of 500 Forge with LBBW and Tishman Speyer, closing of the 295-unit 78 Crafts Street multifamily development in Newton built to Passive House standards, and acquisition of the Wellesley Lower Falls Collection.
Boylston Properties firmographics
Firmographics- Name
- Boylston Properties
- Legal name
- Boylston Properties Co., Inc./Boylston Properties Management LLC
- Website
- https://boylstonproperties.com
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Boylston Properties is a Boston-based private real estate developer founded in 1982 that builds mixed-use, life science, residential, and hospitality properties across Greater Boston, anchored by the 1M+ SF Arsenal Yards neighborhood in Watertown.
- Ownership category
- akta.pro rank
Boylston Properties industry classification
Industry- Product category
- Commercial Real Estate Development
- NAICS
- Land Subdivision (23721), Commercial and Institutional Building Construction (236220), New Multifamily Housing Construction (except For-Sale Builders) (236116), Real Estate Property Managers (53131), Residential Property Managers (531311)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)
- akta.pro primary industry
- Retail & Mixed-Use Commercial Construction (IMAFACAB)
- akta.pro secondary industries
- Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB), Mixed-Use Property Management (BPAJAGAE)
Keywords
Where Boylston Properties is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Boylston Properties business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Personnel, Operations, Marketing or Sales
Revenue model
- Real Estate Development & Sales: Development of mixed-use properties including retail, residential, hotel, office, and life science buildings. Properties are developed and either held for ongoing rental income or sold to institutional investors. Revenue derived from development fees, property sales, and capital appreciation.
- Property Management Services: Boylston Properties Management Company (BPMC) provides professional property management services for life science and retail properties. Revenue generated through management fees from tenant relationships and property operations.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Boylston Properties product offering
Product offeringCore offering
Boylston Properties develops and operates mixed-use real estate projects across New England, integrating retail, residential, hotel, corporate office, and life science buildings into master-planned neighborhoods. The company's signature development is the Arsenal Yards campus in Watertown, MA, a 1M+ SF mixed-use project featuring over 250,000 SF of retail, 302 residential apartments, nearly 500,000 SF of Class A life science space, and a 146-room hotel. Beyond development, the firm operates a vertically integrated property management arm (BPMC) providing ongoing operations and tenant services across its portfolio.
Product overview
Boylston Properties is a Boston-based real estate developer of mixed-use properties offering retail, residential, hotel, corporate office, and life science buildings. Their portfolio includes landmark developments such as Arsenal Yards (a 1M+ SF mixed-use neighborhood), life science facilities (100 Forge, 500 Forge, 200 Arsenal Yards Blvd, LINX), residential communities (Blvd & Bond, 78 Crafts Street), and hospitality properties (Pennyweight Hotel Boston, Hampton Inn & Suites Watertown, Residence Inn Back Bay/Fenway). The company operates through its vertically-integrated property management arm, Boylston Properties Management Company (BPMC). The product portfolio spans the development, construction, and management lifecycle across multiple real estate asset classes.
Differentiator
Problem solved
Functional benefit
Brands
- Arsenal Yards: Mixed-use neighborhood development in Watertown, MA featuring retail, residential, life science, and hospitality components
- Blvd & Bond
- Pennyweight Hotel Boston
- Boylston Properties Management Company (BPMC)
Products and services
- Arsenal Yards A vibrant mixed-use neighborhood in Watertown's East End developed by Boylston Properties in partnership with J.P. Morgan and The Wilder Companies. Features over 250,000 SF of retail/shopping, 302 residential apartments (Blvd & Bond), nearly 500,000 SF of Class A life science space (100 Forge, 500 Forge, 200 Arsenal Yards Blvd), and a 146-room Hampton Inn & Suites by Hilton.
- 100 Forge A nine-story, 165,600 sq ft all-glass Class A life science building at Arsenal Yards in Watertown, MA. The first purpose-built lab building in Watertown, fully occupied with tenants including Abata Therapeutics, Remix Therapeutics, Mariana Oncology, Vigil Therapeutics, and Affini-T Therapeutics.
- 500 Forge A 159,000 SF Class A life science building at Arsenal Yards featuring 15'-18' ceiling heights, outdoor balconies, and covered parking. Fully leased to Mariana Oncology (Novartis subsidiary), Orna Therapeutics (now part of Eli Lilly), and AvenCell Therapeutics. Refinanced for $119.2 million in August 2025.
- 200 Arsenal Yards Blvd A 108,000 SF state-of-the-art Class A life science building at Arsenal Yards featuring historic building elements with soaring 25' ceilings, new skylights, exposed brick and reclaimed patina copper. Tenants include SQZ Biotech, Kymera Therapeutics, Arkuda Therapeutics, and ALS Therapy Development Institute (33,310 SF lease).
- Blvd & Bond A 302-unit residential apartment community across three distinct buildings at Arsenal Yards in Watertown, MA, offering industrial sleek studios, one, two, and three-bedroom units. Features include rooftop skydeck, makerspace, coworking hub, fireplace lounge, fitness center, and rooftop deck.
- Pennyweight Hotel Boston A 112-room boutique hotel at 155 Portland St in Boston's historic West End, part of Hilton's Curio Collection. Originally the Onyx Hotel, it underwent a multi-million dollar renovation and rebranded in Fall 2024. Features eclectic artful design, signature restaurant 155 On Portland, and is located near TD Garden.
- Hampton Inn & Suites by Hilton Watertown A 146-room hotel opened in 2021 in the heart of Arsenal Yards featuring thoughtfully designed lobby, fitness center, 1,700 sf of meeting space, and ground floor retail.
- Residence Inn by Marriott Back Bay/Fenway An extended-stay hotel featuring 175 stylish suites renovated in 2022, located steps from Fenway Park. Features include heated indoor pool, Terrace Bar, and rooftop deck.
- CityPlace A retail and restaurant property in Boston's Theatre District, part of the Massachusetts State Transportation Building. Includes CVS, 7-Eleven, Dunkin' Donuts, The Halal Guys, Panera Bread, and Rock Bottom Restaurant & Brewery. Boylston Properties has held a master lease agreement since 1983.
- 78 Crafts Street A 295-unit multifamily residential development in Newtonville, Newton, MA. Includes 59 deeply affordable units (up to 50% AMI), built to Passive House standards. Features coworking space, fitness center, tot lot, dog park, and approximately 40,000 SF of outdoor gathering areas.
- Boylston Properties Management Company (BPMC) A vertically-integrated property management service launched in 2022 to provide professional property management with commitment to proactiveness, efficiency, and first-class tenant experience. Manages Boylston's life science portfolio (100 Forge, 500 Forge, 200 Arsenal Yards Blvd) and retail properties (CityPlace, Needham retail).
Quantifiable outcome
- Nearly 500,000 SF of Class A life science space delivered at Arsenal Yards
- +3 more outcomes
Companies that use Boylston Properties
Customer profileNamed customers16 records
Segments5 records
Ideal customer profiles5 records
Boylston Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Boylston Properties partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor and core.
- JLL (Leasing)minorRepresented Boylston Properties in ALS TDI lease transaction for 33,310 SF at 200 Arsenal Yards Blvd.
- JLL Capital MarketsminorRepresented Boylston Properties team in securing $119.2 million refinancing for 500 Forge. Arranged financing alongside partners at LBBW and Tishman Speyer.
- FAM Asset ManagementcoreDevelopment partner for 525 LINC coliving project in Allston. FAM Asset Management owns the site and partnered with Arx Urban and Boylston Properties for the 80-suite, 279-bedroom coliving development.
- Arx UrbancoreCo-developer of 525 LINC coliving project. Arx Urban is a Boston-based developer focused on creating and preserving housing, founded in 2014 with nearly $450M in project value.
- National DevelopmentminorProperty manager for 525 LINC coliving building. Also manages 7INK at Ink Block in Boston's South End. Second coliving concept in their portfolio.
- NewmarkminorArranged $58M financing for 525 LINC with funds from Aareal Bank. Also represented Boylston Properties in 485 Arsenal Street sale to LaSalle.
- The Wilder CompaniescoreCo-developer and ongoing partner for Arsenal Yards. Wilder handles retail tenant construction management and buildouts, while Boylston Properties manages development and life science components.
Scale indicators10 records
Recent moves10 records
Expansion highlights6 records
Boylston Properties competitors and assessment
Company assessmentDirect peers
- Samuels & Associates: Boston-based mixed-use real estate developer and co-developer with Boylston on the Fenway Triangle Trilogy, working on similar large-scale mixed-use projects in Greater Boston's premier neighborhoods.
- The Wilder Companies: Boston-area co-developer and ongoing partner at Arsenal Yards, sharing retail tenant construction management responsibilities with Boylston and operating as a direct peer on Greater Boston mixed-use developments.
- National Development: Greater Boston-area developer and property manager working with Boylston on the 525 LINC coliving project; competes directly for similar mixed-use residential and life-science development opportunities.
- Arx Urban: Boston-based housing-focused developer and co-developer with Boylston on 525 LINC, operating at similar size and target submarkets for multifamily and mixed-use housing.
Broad incumbents
- WS Development: One of the largest privately-held developers in the Northeast, with a broad mixed-use and retail-anchored portfolio that overlaps Boylston's Arsenal Yards-format projects at scale across Massachusetts.
- Boston Properties (BXP): Public REIT dominating Boston office and life-science development; competes with Boylston for institutional tenants and capital in Greater Boston, particularly in the life-science and office submarkets.
- Related Beal: Boston arm of Related Companies focused on large mixed-use and life-science developments, directly comparable to Boylston's Arsenal Yards and life-science playbook in the same metropolitan area.
- Lincoln Property Company: National multifamily and mixed-use developer and property manager whose Boston operations (BPMC's Robyn Duffy previously held senior roles) overlap Boylston's residential and property management activities.
- AvalonBay Communities: Public multifamily REIT with substantial Boston portfolio; comparable to Boylston's residential development pipeline (Michela DeSantis was previously Senior Director of Development at AvalonBay).
Emerging players
- Jamestown: National mixed-use and life-science investor/developer with Boston presence that resembles Boylston's mixed-use playbook and historical precedent (Sam McQuillan previously worked on Jamestown's acquisitions team).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Boylston Properties social profiles
Digital presenceBoylston Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
Boylston Properties leadership team
Management profileNumber of profiles
Profiles9 records
Boylston Properties funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Boylston Properties M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Boylston Properties
What does Boylston Properties do?
Boylston Properties develops and operates mixed-use real estate projects across New England, integrating retail, residential, hotel, corporate office, and life science buildings into master-planned neighborhoods. The company's signature development is the Arsenal Yards campus in Watertown, MA, a 1M+ SF mixed-use project featuring over 250,000 SF of retail, 302 residential apartments, nearly 500,000 SF of Class A life science space, and a 146-room hotel. Beyond development, the firm operates a vertically integrated property management arm (BPMC) providing ongoing operations and tenant services across its portfolio.
Is Boylston Properties a public or private company?
Boylston Properties is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Boylston Properties founded?
Boylston Properties was founded in 1982. It employs 11 to 50 people.
Where is Boylston Properties based?
Boylston Properties is headquartered in Boston, United States, in the North America region.
How does Boylston Properties make money?
Two revenue lines are on record. Real Estate Development & Sales are the primary driver. The others are property Management Services.
Who are Boylston Properties's main competitors?
Direct peers on record are Samuels & Associates, The Wilder Companies, National Development and Arx Urban. Broad incumbents are WS Development, Boston Properties (BXP), Related Beal, Lincoln Property Company and AvalonBay Communities. Jamestown is listed as an emerging player.
Does Boylston Properties have an API?
No public API is recorded for Boylston Properties.
What industry is Boylston Properties in?
Boylston Properties's product category is Commercial Real Estate Development. Its primary akta.pro industry code is IMAFACAB, Retail & Mixed-Use Commercial Construction, with a secondary code of IMAFABAB, Multi-Family Residential Construction (Apartments, Condos, Townhomes). Its NAICS code is 23721 and its SIC code is 6552.