While some developments are facing legal issues, some are just at the beginning stages of coming together. Here is a look at some of the issues being faced by some of the Boston’s developments.
Somerville Millbrook Lofts Apartment Going Condo
Opened in mid-2016, the 100-unit Millbrook Lofts apartment complex at 9 Medford Street in Somerville has informed its tenants that it is going condo. The news of the change within the eight-story building came to a bit of a surprise to its residents, who were told they had to leave. The company that owns the building, Berkeley Investments, has guaranteed its tenants $1,000 for exiting. In addition, those who currently reside in the 15 units designated as affordable will have the opportunity to purchase their units.
While there appears to be very little that the building’s tenants can do to fight the change, some have banded together and formed a tenants association calling for “fair compensation” for facing the headache of moving into a very tight and expensive rental market. The condos will reportedly go on the market for $750 per square foot, which would come to around $750,000 or more for most units.
Boston Harbor Garage Redevelopment May Be Back on Track
The redevelopment of the Boston Harbor Garage is one of the largest and longest-running development sagas in the city of Boston, dating back to 2007 when the Chiafaro Co. started the process of trying to redevelop the 1,380-space building located at 270 Atlantic Avenue. Previous plans for the space have included building a two-tower complex with hotel rooms, condos and an ice rink along with a single skyscraper boasting offices and condos. After many disputes with neighbors, plans for the space have remained largely in the air.
Just last month, the developer offered a new plan to the Boston Planning & Development Agency that would include a 600-foot tower. The BPDA has reportedly agreed to allow the tower so long as the developers establish a fund worth up to $30 million to compensate the aquarium for any disruptions the development may create and to set aside parking for the aquarium. As part of the agreement, Chiofaro would also have to finance the Blueway extension of the Kennedy Greenway and public open space would have to be a significant part of the development plans.
If the plan goes through, it would be the tallest tower ever allowed to be built along Boston Harbor. While Chiofaro appears to be in agreement with the terms, the state could take up to two months to review the plan. After that review process is complete, it will once again have to go through a round of local and state permitting before it can move forward. With continued opposition from the owners of the nearby Harbor Towers complex, the saga may still be far from over.
Boston Red Sox Looking to Build On Parcels Around Fenway Park
The Boston Red Sox have announced that they are looking into the possibility of building on several parcels located around Fenway Park. While plans have yet to be finalized, the team is apparently considering building retail space and creating hotel rooms in the area. Overall, the goal will be to help enhance the game-day experience of the fans. Sites slated for development include the parking lots at 73 Brookline Avenue and 55 Yawkey Way, the garages at 49 Lansdowne Street, 160 Ipswich Street and 189 Ipswich Street and the building at 1265 Boylston Street that currently houses Tony C’s Sports Bar & Grill.