BOSTON — Commonwealth Ventures has received $75 million in capital from investment partners Bentall Kennedy and a major pension system for the renovation of a 681,000-square-foot office building located at 185 Franklin St. in Boston's financial district. The project will include lobby and common area improvements, construction of a new entrance on High Street, a redesigned entrance on Franklin Street, the addition of 21,000 square feet of ground-level retail space, 110 new parking spaces, improvements to the property's public plaza and the installation of a lighted beacon atop the building. The building will also be renamed 50 Post Office Square. Construction will begin in March and be complete by early 2012. FHO Partners will lease the mostly vacant office component of the building, while Colliers Meredith & Grew will market the retail space.
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