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The Smith Breaks Ground in the South End

The Smith Breaks Ground in the South End

(Boston, MA) September 18th, 2018 - Leggat McCall Properties, along with their joint venture partner Bentall Kennedy on behalf of its U.S. Core Fund, and development advisor Bozzuto Development Company, were joined by local elected officials for a groundbreaking ceremony for the mixed-use Harrison Albany Project in the South End.

The Smith - named for the artisan history in the area South of Washington Street - will bring approximately 650 units, including an onsite affordable component, distributed over three buildings. In addition, there will be an estimated 76,800 sf of new and renovated office space, and roughly 19,700 sf of retail and cultural space on the ground floors of the buildings. The surface parking will be replaced with about 650 underground parking spaces. Of the 3.1-acre site, 36% will be open space, with publicly accessible open space representing over 20% of the Project Site.

"The Smith will continue the transformation of the Harrison Albany Block into a vibrant, residential and mixed-use neighborhood, a result of the Boston Planning & Development Agency's Harrison Albany Strategic Plan," said Brian Golden, Director of the Boston Planning & Development Agency. "Along with market-rate and affordable residential units, this project will create hundreds of jobs, and bring cultural space and transportation infrastructure improvements to the South End."

"The Smith creates much-needed new affordable and market rate housing, along with substantial public open space, and street level retail that improves the pedestrian experience." said William Gause, Executive Vice President of Leggat McCall Properties. "We are proud to have worked so closely with the community in order to build a project that supports the neighborhood's growth, while also maintaining the integrity of this unique part of Boston."

"We have been investing in Boston since the 1980s and in the South End since 2007, with the development of 801 Massachusetts Avenue", said David Antonelli, Executive Vice President of Bentall Kennedy. "In 2014, we acquired this site as part of a portfolio from Boston Medical Center. The Smith is in a clear path of growth leading from Boston's financial district, and the recent announcements of planned developments in the neighborhood validate our early confidence in this location. With the support of our investors, many of which are Building Trades pension funds, as well as the City of Boston and Mayor Walsh, we are excited to contribute to the ongoing transformation of this vibrant neighborhood."

"From the streetscape to the façade, The Smith enhances the boutique, curated character and industrial heritage of the South End neighborhood," said Alfred Wojciechowski, Senior Principal at CBT. "By interlinking pre-existing pedestrian corridors and new curated landscaping, as well as adhering to the neighborhood's scale and historic quality, The Smith serves as an elegant entryway to the South End and invites community activity by providing a welcoming destination. We're truly honored to be a part of a project that promises to bring new life to this iconic neighborhood."

As part of the retail offerings, cultural space will be created for a variety of potential neighborhood uses. The project team views this as an opportunity to embrace the project's location between the vibrant artist community, historic industrial uses, new small businesses, and the strong residential neighborhood of the South End.

The site was purchased from the Boston Medical Center in 2014. The design by Boston-based firm CBT intends to complement the existing buildings in the neighborhood, and will be targeting the Silver level under the Leadership in Energy and Environmental Design (LEED).

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About Leggat McCall Properties
Founded in 1965, Leggat McCall Properties is a leading real estate owner and developer, as well as service provider to a corporate, educational, health-care, and other clients in the Greater Boston Area. Leggat McCall Properties has acquired and developed more than 10 million square feet of properties, with an aggregate value in excess of $3 Billion. The company specializes in managing development and construction risk, and transforming complex and challenging real estate projects into stable, institutional-quality assets.

About Bentall Kennedy
Bentall Kennedy, a Sun Life Investment Management company, is one of the largest global real estate investment advisors and one of North America's foremost providers of real estate services. Bentall Kennedy serves the interests of more than 550 institutional clients with expertise in office, retail, industrial and multi-residential assets throughout Canada and the U.S. Bentall Kennedy is comprised of Bentall Kennedy (Canada) Limited Partnership, Bentall Kennedy (U.S.) Limited Partnership and the real estate and mortgage operations of their affiliates. Bentall Kennedy is a member of UN PRI and a recognized Responsible Property Investing leader ranked among the top firms around the globe in the Global Real Estate Sustainability Benchmark (GRESB) for the seventh consecutive year since GRESB was launched. For more information, visit www.bentallkennedy.com.

About The Bozzuto Group
The Bozzuto Group is an experience-focused real estate company that is continually celebrated for its developments, customer service and workplace culture. With an expertise in homebuilding, multifamily development, construction and management for itself and its clients, Bozzuto is devoted to crafting extraordinary experiences. Founded in 1988, Bozzuto has developed, acquired and built more than 42,000 homes and apartments. Celebrating its 30th anniversary this year, Bozzuto currently manages 70,000 apartments and 2 million square feet of retail space along the East Coast, in Miami, Boston and the Northeast, and Chicago.

About CBT
CBT is an award-winning, Boston-based design firm working nationally and internationally on projects at all scales, from multi-family residential, workplace, building repositioning, academic, hospitality and civic projects to large-scale mixed-use developments and urban district master plans. Over 250 awards recognize excellence and creativity in the firm's design and planning work. Clients come to the firm for their recognized ability to provide strategic design services in a broad range of project types and styles; their proven real estate acumen; and their skill in blending high-quality planning and architecture with practical goals of building performance, budget, and schedule. The core values of the practice are innovation in every design commission, social responsiveness in the community, and the continued advancement of research and discovery in all that the firm undertakes.

Media Contact:
McDermott Ventures
Pam McDermott
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Maggie Dow
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