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Blog :: 03-2016

COPLEY PLACE TOWER

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Construction has started on a major development project in the Back Bay neighborhood of Boston. Known as the Copley Place Tower, this 52-story high rise will alter Bostons skyline.

Development plans for this project have been in the works since before 2012. After years of community meetings and several changes, the Boston Redevelopment Authority finally granted approval. Located right near the Boston Public Library, this new building will tower over Copley Square.

The tower itself is only the most visible portion of a larger development, which will encompass a massive makeover of the Copley Mall. The base of the tower will be attached to the Mall and will create over 115,000 square-feet of additional retail space, as well as a new grand entrance.

The tower will hold a total of 542 new housing units. There will be 109 luxury condos for sale and 433 luxury apartments to rent. Of the 433 new apartments, 76 of them will be designated as affordable housing in concert with Boston regulations requiring a percentage of new housing to be reserved for middle-income people. Amenities will include; concierge service, underground parking, secure bike storage space and a 7th floor sky lobby and deck which will overlook the surrounding area.

Developers have touted this project as a win-win for all Boston residents. At over 500 feet tall, construction of the tower will create over 1,700 construction jobs as well as 250 permanent new jobs. The tower is also speculated to generate around $7.2 million is new tax revenue for Boston after its completion.

For more information please see:

http://www.universalhub.com/2015/bra-approves-52-story-tower-copley-place

http://www.copleyplacetower.com

http://www.boston.com/realestate/gallery/copley_place_dpir/

Nick Lattarulo for Bostonia Properties

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THE PIERCE BOSTON

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The Boston Redevelopment Authority has approved a major development project near Fenway Park. Once known as The Fenway Point, the mixed-use project has now been rebranded as The Pierce Boston.

The 30-story tower will be one of the tallest buildings in the Fenway neighborhood. The development will consist of over 20,000 square feet of street-level retail space, with luxury residential units above. When completed, there will be 100 condos for sale and 240 apartments for rent. There will also be underground parking available for residents to use.

While much of the development in Bostons recent building boom has been focused in Downtown and in Back Bay, the Fenway neighborhood has also seen its fair share of new development proposals. The Pierce will be located across the street from the Landmark Center, which is due for a major facelift. Developers have proposed to turn the Landmark Center into a major destination and move the large parking lot under ground, in order to create a new park.

Future residents of The Pierce will have easy access to the shops and restaurants at the Landmark Center as well as close proximity to the sports bars and restaurants surrounding Fenway Park.

The triangular-shaped plot where the tower is to be built is currently filled with a one-story building that has started to decay. The Pierce will revitalize the area with new shops, new sidewalks and new lighting. The unique look of the building was designed by a world famous architecture firm and has already received praise from many in the community.

For more please see:

http://www.universalhub.com/2015/bra-approves-31-story-tower-replace-old-fenway-sub

http://samuelsre.com/property/pierce-boston

Nick Lattarulo for Bostonia Properties

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