Since 1971, Corcoran Jennison has completed numerous successful real estate development projects. Their portfolio includes residential housing, hotels, resorts, health facilities, academic campuses, retail centers and golf courses. Corcoran Jennison manages properties in 15 states with over 24,000 residential units, and with 2,000 employees and has developed property in excess of $3.5 billion.
Harbor point is one of the the most idyllic places to live in Boston. Gentle breezes from the harbor sweep gently across the fifty waterfront acres of this thriving successful community.
Harbor Point is a miraculous place but 30 year ago it was tattered and neglected public housing project called Columbia Point. So dilapidated that three-quarters of the 1,504 housing were abandoned and crime so common that ambulances refused to enter without a police escort. A massive undertaking in both social and physical transformation, Corcoran Jennison labored for years to rebuild infrastructure, end crime, build community and nurture new pride.
The story of Harbor point is one of vision, perserverance, determination and dedication. Today Harbor Point contain almost 1300 units serving a community that spans economic tiers and is seen as a model of urban revitalization.
“And I want these ideas of mine to be promoted and nurtured and continued. Often times people will think I’m ridiculous to try keep doing something but I've always felt that I should hang in there with it and prove it, that it can be done, and that’s the legacy that I might want to leave. If it’s the right thing to do, don’t quit on it.” Joe Corcoran
"Joe Corcoran and his Mission for the Center."
Carroll School of Management
Boston College, 15 Oct. 2015.
Park Square West in Stamford, CT
Corcoran Jennison was chosen to redevelop this downtown parcel adjacent to the legendary Palace Theatre and the new Majestic Theatre. To help rejuvenate the area, Corcoran Jennison proposed four luxury buildings providing a total of 540 apartments with 20% of the units made affordable for city, service and retail employees. Twenty-four hour retail and entertainment round out the amenities, creating a critical mass of residents now living, working and enjoying the nightlife of downtown Stamford.
With valuable land in the heart of Boston's prestigious Longwood Medical Area, Corcoran Jennison was retained to oversee the development of medical research on campus. The result, the stunning 300,000 square foot, 12-story Merck Boston Research Center adjacent to the campus. The transaction enabled the college to increase its endowment, renovate a 615-bed dormitory, build a new student center, upgrade the athletic facility to NCAA standards and add 75,000 square feet of new classroom, parking and athletic areas.
Pittsburgh's Allequippa Terrace
Nearly half of its 1750 homes were uninhabitable. The other half lacked basic amenities, such as showers. In partnership with Beacon Residential, Allequippa residents, and the city of Pittsburgh, Beacon/Corcoran Jennison Partners transformed the site into Oak Hill. Oak Hill features rental and for-sale units, and a combination of market-rate and affordable homes Streetscapes invite neighbors to interact. And a once-blighted community is now a place families are happy to call home.
Corcoran Jennison turned a historic mansion in Brewster, MA into a seaside resort, it did so under the condition that the appearance of the property would remain unchanged from the roadway. The result is Ocean Edge, a 426-acre hideaway with 100 vacation villas, a 330-room luxury hotel, Nicklaus Design golf course, private beach, pools, tennis courts and a fitness facility. In preserving a property on the National Register of Historic Places, CJ also helps preserve the character of the community and the wishes of neighbors and the town.
Boston Doubletree Hotel
CJ saved a bit of neighborhood history with its $40 million rehabilitation of a former Catholic high school into the 268-room Doubletree Hotel Downtown and the 45,000 square foot Wang YMCA. For years, the Chinatown YMCA operated out of a temporary bubble structure. Meanwhile, a nearby Catholic boy's school, which housed an Olympic size swimming pool and full court basketball, was closing. In an innovative plan, CJ earmarked part of the school site for the Wang YMCA, preserving the historic court, and the rest of the building became the upscale Doubletree. By using feng shui design principles, Corcoran Jennison incorporated the community's Asian culture into the interior design.
“Our story is one of people, partnerships, communities and success.”