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Blog :: 02-2016

THE MERANO

Causeway-1-768x576

Construction has started on a development project known as the Merano located on the last open parcel of the Bulfinch Triangle. Of the three open parcels created by The Big Dig, the first parcel was developed into an apartment complex called the Victor while the second was developed into a luxury apartment building called One Canal.

When completed, the Merano will mark the full development of the Bulfinch Triangle. This latest development project is part of several massive development projects in the area, including the redevelopment of the TD Garden, the redevelopment of the Government Center Garage, the West End Tower and Avalon Tower.

Originally slated as a 12-story building that would hold two major hotels, the project was recently changed in order to win city approval. Now this $230 million development project has grown to a 14-story building that will have underground parking to accommodate the parking lot, which currently sits on the lot. Half of the building will be a 220-room hotel while the other half will hold 239 apartments.

All of the apartments in the building will be reserved for working class people whose income fall into a certain bracket. With the major building boom in Boston, many neighborhoods around the city have seen a rise in property values and increased rents. Many local politicians have advocated for the creation of price controlled housing so that working people will not be pushed out of Boston by rising rents.

The first floor of the building will be reserved for street level retail space. There is no doubt that the project will have a positive impact on the surrounding area. Many of the projects supporters have pointed out that the new residents and hotel guests will be a boost to shops and restaurants nearby.

For more information please see:

http://northendwaterfront.com/2015/12/affordable-housing-development-moves-forward-at-parcel-1b/

http://www.bostonredevelopmentauthority.org/projects/development-projects/parcels-1b-and-1c-bulfinch-triangle

http://bostinno.streetwise.co/2015/07/27/affordable-apartments-downtown-boston-related-beal-proposal-parcel-1b/

Nick Lattarulo for Bostonia Properties

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ONE CANAL

One-Canal-3 When the Big Dig was finished, most of the land covered by the massive raised highway was converted into a linear park winding through the city, now known as the Greenway. The few spots of freed up land not included in the new park was broken into parcels and sold to private developers. The largest chunk of these parcels make up an area known as the Bulfinch Triangle.

Located between the West End and the North End, the Bulfinch Triangle has been an awkward undeveloped site between two of Bostons busiest neighborhoods. Two of the parcels were small grassy areas that were un-kept while the third served as a small parking lot. With the explosion of a building boom in Boston, developers have proposed plans for all three parcels.

The first of the three parcels was recently developed into a massive new apartment building called The Victor. This building is anchored by a popular bar and restaurant, Tavern in the Square. Now the second of the three parcels, a triangular shaped plot of land next to The Victor, is being developed into a new apartment building that will be called One Canal.

One Canal has been approved by the Boston Redevelopment Authority and is already under construction. When completed it will be 12 stories high and hold over 320 units. Around 20 of the units will be reserved for Boston residents who are classified as middle income, while the rest of the apartments will be luxury units set at market price.

One Canal will feature some of the best views in the City with units looking over the North End, the Greenway and the Zakim Bridge. The most coveted feature of the property will be a massive roof deck complete with a pool, sitting area and a fire place. This roof deck will have 360-degree views of the entire city so that residents can watch the skyline of Boston as they swim in the rooftop pool.

For more information please see:

http://boston.curbed.com/archives/2013/04/reckoning-coming-for-longstalled-one-canal.php

http://www.liveonecanal.com/apartments/home.do?lid=en_US&pid=3027

Nick Lattarulo for Bostonia Properties

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Boston Garden Redevelopment Ground Breaking

TheHubOnCauseway-Rendering-1 Last week Delaware North and Boston Properties announced the groundbreaking of the much anticipated redevelopment of the old Boston Garden site. Known as The Hub on Causeway, the project, which is just beginning Phase I will bring a number of amenities to the West End including:

210,000* square feet of multi-level retail/restaurant space, including the city of Bostons largest supermarket an approximately 60,000* square foot Star Market,

The Northeasts first ArcLight Cinema, ArcLight Boston, a 60,000* square foot theater with 15 screens.

10,000* square feet of outdoor space for a new entrance to TD Garden and North Station. 540 spaces of below grade parking which will be connected to the existing North Station garage.

64,000* square feet of expansion space for TD Garden on floors 3-9.

175,000* square feet of creative office space.

(*square footage is approximate)

Phase II will include a 38 story residential tower (condos or apartments TBD apparently), and a 10 story hotel. Phase III will consist of a 21 story office tower.

For more details including more renderings of the project, please visit the TD Garden site at:

http://www.tdgarden.com/delaware-north-and-boston-properties-celebrate-groundbreaking-of-the-hub-on-causeway/

Mike Duggan

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