DWS Expands and Revitalizes Boston's Premier Medical Office Building at 50 Staniford Street

BOSTON, March 12, 2020 /PRNewswire/ -- DWS Group, one of the world's leading asset managers, announced today the completion of the expansion and renovation of 50, 60, and 62 Staniford Street. The Staniford complex, located in Boston's West End neighborhood, features a 10-story medical office tower and a new two-story building ideal for future medical office/retail users. The property is directly adjacent to several leading medical research and academic medical centers, with many prominent medical practices located here.

Margulies Perruzzi (MP), one of New England's most innovative architectural and interior design firms, provided architectural design and construction administration services for the project. MP's vision for the revitalization of the building included enlarging the lobby and ground floor by connecting 50 and 60 Staniford Streets, which provided approximately 20,000 SF of new space at the ground and lower level floors. The new addition doubles the building's lobby with a new canopied main entrance at William Cardinal O'Connell Way and a new canopied patient pick-up and drop-off at the rear courtyard. It creates new interior space for prospective medical office/retail on the ground level with an exclusive corner entrance at 60 Staniford Street, as well as dedicated entrance at 62 Staniford Street for the lower level.

"DWS had a vision for 50 Staniford to create a first-class medical office building in a prime setting adjacent to some of the area's most significant medical centers," said Todd Henderson, Head of Real Estate, Americas. "The project team developed a fully renovated scheme that was meticulously designed to enhance the tenant experience with improved access while providing high quality features consistent with Boston's finest medical institutions. The renovation and expansion of the project demonstrates DWS's unique ability to reinvest in our assets and create long term value for our clients."

"Our goal was to transform the building's dark, windswept plaza by bringing a beautiful new façade right to the sidewalk's edge. The additional first floor space brings significant value to the owner while enlivening the streetscape and making access to the building safe and welcoming," said Jason Costello, AIA, EDAC, associate principal and partner at Margulies Perruzzi.  "Construction in and around a very active building is always complex, particularly working in an existing hospital-like building adjacent to active operating rooms. Vibration and sound monitoring required close coordination during construction." 

The project team navigated the complexities of the City of Boston planning process to modify the existing Planned Development Area (PDA) to reposition the Staniford Street asset to a Class A medical office facility directly adjacent to Massachusetts General Hospital (MGH), Shriners, and Mass Eye and Ear. The project erases the old 1970s urbanism by bringing the building out to engage the public way and providing new opportunities to enliven the streetscape through seating and potential new retail opportunities.

The project team for 50 Staniford Street includes

• Owner: DWS Group
• Architect: Margulies Perruzzi
• Owner's Project Manager: CBRE/New England
• General Contractor: Lee Kennedy Co
• Structural Engineer: McNamara Salvia
• MEP/Fire Protection Engineer: BR+A
• Civil Engineer: Nitsch Engineering
• Landscape Architect: Pressley Associates

About DWS Group
DWS Group (DWS) is one of the world's leading asset managers with $861 billion of assets under management (as of 31 December 2019). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS has come to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.

We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our investment approach strategically.

DWS wants to innovate and shape the future of investing: with approximately 3,600 employees in offices all over the world, we are local while being one global team. We are investors – entrusted to build the best foundation for our clients' future.

About Margulies Perruzzi
As one of New England's top architectural and interior design firms, Margulies Perruzzi Architects (MPA) designs Workplace, Health+Science, and Real Estate projects that inspire and nurture human endeavor. More information may be found at www.mparchitectsboston.com.

SOURCE Margulies Perruzzi

Related Links

http://www.mparchitectsboston.com

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