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