From new hotels to the movement of global business headquarters to Boston, here are some of the commercial developments that are in the works in the city.
Reebok Releases First Rendering for Global Headquarters in the Seaport District
Reebook is making plans to move its new global headquarters in the Seaport District. Located at 25 Drydick Avenue, the building was a former military warehouse that is currently serving as the Innovation and Design Building. The new plans, which were created by the architectural firm Gensler, feature ample open space and natural light. The 220,000-square-foot space is spread out over five floors.
Fenway Hotel May Replace Gas Station Near Ballpark
A Shell gas station located at 1421 Boylston Street in Fenway may soon be replaced by a new hotel. Situated just a short distance from the parks Gate B, the development would be part of a growing trend to replace gas stations in the city with a Dorchester developer currently looking at building 65 apartments on the site of a Gulf station located along South Boston’s West Broadway.
In terms of the hotel near Fenway, OTO development is looking at developing a hotel that would join several others that are already under development or in the planning stages within the area. Based out of South Carolina, the hospitality development and management firm has the option to lease the 21,050-square-foot site if it is able to secure permits for the hotel. If the hotel becomes a reality, it will become the 8th new one to come to the area.
Fenway Center Construction May Soon Begin
After two years in the making, construction on the Fenway Center may finally begin in September. Located where Brookline and Commonwealth avenues meet in Boston’s Kenmore Square area, the five-building Fenway Center will have around 550 housing units, 50,000 square feet of retail space, 160,000 square feet of offices, community space, 1,290 parking spaces, bicycle storage, a bike-share station and a daycare center.
The project has faced a number of challenges along the way, including financing issues and problems related to infrastructure. Developers are also still looking to finalize a 99-year lease for the Mass. Pike air rights that are needed to complete the 1.3 million-square-foot project. The first phase of the project would include completion of a seven-story and a 13-story residential building.
M.I.T. Redevelopment to Feature Cambridge’s Tallest Building
M.I.T. has plans for a 14-acre development in Kendall Square, part of which includes construction of the tallest building in Cambridge. The university purchased the site from the federal government in January, after which it presented plans for up to 1,400 housing units along with 1.7 million square feet of research space and office space. Known as the Volpe Center, the current plans include 3.5 acres of open space. The university has also struck an agreement with the federal government to accommodate a federal transportation hub at the site.
Under current zoning restrictions, the school can only build one residential tower up to 500 feet tall. This would make the building the tallest in Cambridge, while all of the other buildings within the development will be more than 350 feet tall. Currently, the tallest building in Cambridge is M.I.T.’s 295-foot Green Building, located on its main campus.