Garden
The story only continues. The Boston Redevelopment Authority
have had quite a busy spell over the past couple of years with
literally countless projects sprouting up from the ground
throughout all corners of the city. It was only yesterday when we
reported that in The Fenway alone there
have been numerous plans to revitalize the entire neighborhood
with upwards of $1 Billion invested. As we have so frequently done
over the past twelve months, the Innovation District and East
Boston are also the next hot-spots within the city where perhaps
the greatest potential still exists for future development.
While much is to come of these areas over the next decade, even
more visions are being drawn up which will soon grace these
evolving neighborhoods. The Boston Redevelopment Authority has yet
again come forth with some enthusiastic news with $300 Million in
new projects just approved within the past few weeks.
The first, a 32-story apartment tower near the TD Garden, is a
$200 Million venture to be known as Nashua Street Residences.
Headed by AvalonBay Communities, this location will have 503
spectacular apartment units. In addition, another approved proposal
from First Bristol calls for a $31.5 Million Hilton Garden Inn and
retail plaza to soon be erected along Route 1A. Here there will be
a 112,830 square-foot mixed-use development with a further 6,270
square-foot retail building, and a 4,035 square-foot restaurant
complex. Next was Suffolk University who three years ago had
approved plans that they then wished to change and only last week
finally received restructured approval. This furthering of the
University at 20 Somerset Street will benefit their New England
School of Art and Design and will be 10-stories in height, will
have 112,000 square-feet and will cost $62 Million to build.
Finally, Charlestowns Navy Yard just acquired an approval notice
for a $16 Million residential development consisting of 54 units by
the developers known as Kavanagh Advisory Group. So with
developments seemingly coming from all corners of the city limits
of Boston, it seems as though this building phenomena is no more
apparent from recent memory than in East Boston and the Innovation
District.
More Information: Boston Business
Journal