The Newbury Street Aggregation Program
The Newbury Street Aggregation Program is a venture between Taurus, AI Bank, and Urban Meritage. The program is all about purchasing properties in Boston’s Back Bay area. Specifically focusing on Newbury Street which is one of the worlds premier retail, housing, and office locations. Taurus is an investment company and from the looks of public records they have acquired around 17 properties on Newbury Street with a total investment of $150 million dollars. Most of the buying occurred from 2006 into 2007. I am wondering when they will start buying again. Probably in a couple years.
This initiative is about long term growth and controlling the retail, residential and office market on Newbury Street. I think this plan is genius. If I was going to bet on one street in Boston, it would be Newbury Street for sure. Imagine owning Newbury Street, the entire strip. I give Taurus a lot of credit and look forward to watching them buy more properties on Newbury Street.
