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Blog :: 06-2015

Fenway Center Development

FenwayCenterWestView

Since 2007, plans have been in the works for a major development project near Fenway Park. The Fenway Center is a 1.3 million square-foot development project that would be constructed in the open space above the Massachusetts Pike.

In 2014, the newly elected Mayor of Boston, Martin Walsh, was able to negotiate a $4 million tax break as an incentive for the developers of the project to move forward. If constructed, the project would stretch across an 8-lane highway and a commuter rail, making it the first Mass. Pike air-rights development since the 1980s. The Walsh administration has pointed out to skeptics of the tax break that the project will create up to 1,800 construction jobs and raise millions of dollars in yearly tax revenue from a currently non-utilized space.

The mixed-use development will be comprised of apartments, retail stores, restaurants and a parking garage. At the heart of the development will be a 27-story tower that will house new luxury apartments. According to the Boston Globe, the complex will contain up to 550 new apartments and over 1,200 new parking spaces.

Residents of the new development will be conveniently located between the Fenway District and Kenmore Square. Known as the Cathedral of Boston, Fenway Park is one of the oldest ballparks in the country and is surrounded by a neighborhood of shops, restaurants and sports bars. Many of the new apartments will feature views of the ballpark and quick access to one of Bostons top nightlife districts.

The development will also be located next to the recently built Yawkey Commuter Rail Station, giving residents immediate access to public transportation. Once completed, much of the new space will be powered by solar energy making it one of Bostons most environment-friendly developments.

For more information please see:

Link 1: https://www.bostonglobe.com/business/2014/04/17/bra-approves-million-tax-break-for-fenway-center-development/bzOlFtjGm1H8RXAyRE9KiN/story.html

Link 2: http://businessfacilities.com/2013/07/bostons-new-fenway-center-development-to-begin-construction/

Nick Lattarulo for Bostonia Properties

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Avalon North Station Tower

Suffolk University rendering for Nashua Street Resdience Tower

Construction has started on a new high-rise residential building next to the TD Garden. This project is among several other developments near the TD Garden that were approved in the final days of the Menino administration. Along with the development planned in front the TD Garden, Avalon Tower will be one of four new high-rise buildings to surround the sports arena.

Developed by AvalonBay Communities, the tower next to the Garden is one of several development projects that the company has been working on in Boston. At over 400 feet high and a price tag of 250 million, this is one of their biggest projects in Boston to date.

The 38-story tower will be centrally located next to one of Bostons main sports arenas and North Station. Future residents of the tower will have direct access to a major transportation hub as well as a close proximity to the many sports bars and restaurants surrounding the TD Garden. Among the 500 residential units that will be created, there will be studios and 1-3 bedroom apartments.

Beyond the residential units, the area directly around the tower will be landscaped, creating a park-like feel. Furthermore, there will be a two-story covered passageway through the base of the tower connecting Nashua Street and Causeway Street for pedestrians. The passageway will be lined with retail shops and restaurants to serve all of the general public.

Pricing of the residential units is rumored to be ranging from $2,400 for studios to $7,500 plus for three-bedroom penthouse units. The tower is planned to be finished around 2017.

For more information please see:

Link #1: http://www.bostonglobe.com/business/2014/10/24/construction-underway-for-new-apartment-tower-north-station/L0w0FD74bAem687kM8TSQO/story.html

Link #2: http://bostinno.streetwise.co/2014/10/27/avalon-north-station-groundbreaking-38-story-avalon-north-station-tower-renderings/

Nick Lattarulo for Bostonia Properties

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