The Back Bay 163,770 square-foot Art Deco building located at 441 Stuart St is now going to be up for auction and many believe this will be the second most notable auction to hit greater Boston. Manning Auctioneers will handle the auction sale.
According to news sources, the building at 441 Stuart St in Back Bay was purchased in 2004 for $37.5 million with plans to convert the top floors into luxury Back Bay condos. The project was then put on hold once Healthworks (a tenant in the building) filed a lawsuit against the condo conversion.
441 Stuart St currently holds retail tenants Healthworks Fitness Center and Starbucks on the lower floors and the original plan for this Back Bay condo conversion was to create condos on floors 5-11. These floors are now been gutted and winners of this Back Bay building auction have several possibilities of what to do with this space whether it be condos (housing), a hotel, or other uses…the list could go on. Originally built in 1927, 441 Stuart St was the New England Power Building. This building features 12,5000 square feet of retail space and a 45-car garage.
Interested parties looking to purchase a partially converted Back Bay condo building can head over to the auction April 28th when the building at 441 Stuart St goes up for sale.
Stay tuned to our blog for more updates on this Back Bay building auction for 441 Stuart St
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