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BRA OKs $138 Million Mixed-Use Development in Mission Hill

29 Sep 2014, 3:32 pm

By Veronica Grecu, Associate Editor

The Boston Redevelopment Authority (BRA) has approved a much-needed redevelopment plan for Parcel 25, an approximately two-acre lot bordered by Tremont, Gurney and Station Streets in Boston’s Mission Hill neighborhood that was previously owned by the MBTA.

Parcel 25 redevelopment - Mission Hill, Boston

Parcel 25 redevelopment – Mission Hill, Boston

The blighted parcel will be revitalized by non-profit Mission Hill Neighborhood Housing Services (MHNHS) through its development arm, Mission Hill Parcel 25, LLC. According to project plans that were filed with the city’s redevelopment authority in June this year, the developer plans to invest $138 million to replace the vacant lot with a mixed-use complex that will be built in three phases over an anticipated span of five years. However, MHNHS hasn’t selected a contractor and still needs to secure financing before work can begin, the Boston Business Journal reported.

At 305,750 square feet, the redeveloped Parcel 25 is expected to become a catalyst for the Roxbury Crossing area and for the entrance to the Mission Hill neighborhood. When fully completed, the project will have 98,000 square feet of residential space with 88 affordable apartments in a mix of one-, two-, and three-bedroom units, 10,000 square feet of retail, 196,500 square feet of office space, as well as 1,250 square feet of community space and around 200 surface and underground parking spaces.

The project is expected to start during the fourth quarter of 2015. It was designed by Goody Clancy, the architecture firm that also worked on the conceptual plans for the $15.9 million affordable senior rental complex that MHNHS is building nearby, at 30 Gurney Street.

According to the BRA, the Parcel 25 redevelopment is expected to create more than 400 construction jobs, as well as 400 to 800 commercial and retail jobs once the project reaches completion.

Rendering courtesy of MHNHS via BRA



$30 Million Boutique Hotel Planned for Bulfinch Triangle

22 Sep 2014, 6:15 pm

By Veronica Grecu, Associate Editor

104 Canal Street - hotel rendering

104 Canal Street – hotel rendering

A 3,600-square-foot lot that used to house a Bank of America branch in Boston’s growing Bulfinch Triangle Historic District will be replaced by a boutique hotel developed by Woburn-based Somnath Hospitality LLC.

The one-level former bank building is located at 104 Canal Street near TD Garden, Faneuil Hall and Massachusetts General Hospital and, according to information from real estate website PropertyShark, was purchased by Somnath for $3 million in January this year.

According to the Project Notification Form that was recently submitted for review, the 95-year-old structure will be completely razed. At 47,335 square feet, the new luxury building will rise 15 stories above ground and include up to 100 rooms and six two-story penthouse suites, as well as an additional story below grade and a mechanical penthouse that will occupy a portion of the roof level. As for parking amenities, the developer hopes to reach agreements with nearby facilities’ owners since the construction site is too small to accommodate a garage and is located in a

104 Canal Street - Boston

104 Canal Street – Boston

pedestrian- and transit-friendly area, close to the MBTA North Station.

Designed by Boston-based architecture firm ADD Inc., the boutique hotel is expected to consolidate Canal Street’s role as the most densely populated axis through the Bulfinch Triangle District, which includes a variety of historically significant structures.

The Boston Herald reports that Somnath, which owns and manages a Hampton Inn in Cambridge and a Comfort Inn in Woburn, will invest $30 million to develop the luxury hotel.

 

Renderings via the Boston Redevelopment Authority

 



Gutierrez Breaks Ground on $35 Million Spec Office Building in Burlington

12 Sep 2014, 9:13 pm

By Veronica Grecu, Associate Editor

Construction began at a new Class A speculative office building in suburban Boston.

Burlington Woods 4 - Burlington, Ma.

Burlington Woods 4 – Burlington, Ma.

As reported in the Boston Business Journal, the Gutierrez Company recently broke ground on a 100,000-square-foot LEED certified building designed for end-user flexibility. Dubbed Burlington Woods 4, this four-story structure will add to Gutierrez’s six-building office park that occupies a 15.6-acre property off of Route 128 in Burlington, Ma., and roughly 16 miles northwest of Boston.

The $35 million spec office building, which is scheduled for completion in the first quarter of 2015, was designed by CUBE 3 Studio of Lawrence, Ma. Located on around five acres of landscaped mall and within walking distance from the Boston Marriott Burlington and the Burlington Mall and Wayside Commons, the building will feature a two-story lobby, interconnecting stairways, floor-to-ceiling windows along the main façade, and energy efficient systems. The new development also includes 350 parking spaces with direct access to the highway.

According to the Journal, in January this year Gutierrez paid approximately $4 million for the 4.6-acre construction site which was previously owned by Finard Properties, a commercial real estate investment and development company based in Boston.

Gutierrez has retained JLL as the exclusive leasing agent for the project. “Given the flexibility and uniqueness of the project, we are seeing users of all types and sizes show interest in becoming the first tenant,” said JLL Senior Vice President Chris Decembrele in a press statement. “In the Burlington market, where large blocks of vacant space are getting scarce, this will be a great option for growing tech companies,” he added.

 

Rendering courtesy of the Gutierrez Company



BRA Approves 32-Unit Condo Building in South Boston

8 Sep 2014, 1:55 pm

By Veronica Grecu, Associate Editor

Last month the Boston Redevelopment Authority (BRA) board green-lighted a new residential project at 30 B Street in the South Boston neighborhood.

30 B Street - South Boston

30 B Street – South Boston

Proposed by GFC Development, the $13 million project will be built on a 13,600-square-foot parcel that is currently occupied by three dilapidated buildings. According to the Project Notification Form (PNF) that was filed with the BRA this spring, GFC Development plans to tear down the existing structures and replace them with a five-story apartment community that is expected to enhance the residential nature of the surrounding neighborhood.

Conceptual plans for the 30 B Street building were created by Embarc Studio Architecture + Design of Boston to complement the neighborhood’s unique character and architectural elements. Designed as a gateway between an existing residential and commercial urban stretch, 30 B Street is located within walking distance of the Broadway Station on the MBTA Red Line and several bus stations with access to Cambridge, downtown Boston and various points in South Boston.

At roughly 40,000 square feet, 30 B Street will have 32 condominiums, four of which will be affordable units, and 33 on-site and off-street parking spaces, enclosed bicycle parking and open spaces available for residents. According to the BRA, GFC Development has agreed to contribute $40,000 to the Inclusionary Development Fund—a City policy that requires developers of new housing projects with 10 or more apartments to set aside 15 percent of the apartments as below-market affordable housing units as a condition of receiving relief from the Boston Zoning Code.

According to the PNF, the developer plans to start construction at the site this fall, with an estimated completion date set for late 2015.

 

Rendering courtesy of Embarc Studio Architecture + Design



GE Healthcare to Join Biotech Cluster in Marlborough, Add Hundreds of Jobs in the Area

4 Sep 2014, 1:17 pm

By Veronica Grecu, Associate Editor

In a few years Massachusetts could become the next Silicon Valley of biotechnology and bio-pharmaceutics, judging by the growing number of businesses that choose to relocate or consolidate their presence here.

Forest Park Marlborough

Forest Park Marlborough

Piscataway, NJ-based GE Healthcare Life Sciences, a division of GE Healthcare—one of the largest players in the industry, with more than 11,500 employees in over 100 countries—has selected Forest Park in Marlborough (pictured) as the new headquarters for its US operations. Though the company said in an official news release that it hasn’t determined an exact address for its future home in the city, the Worcester Business Journal reports that the GE Healthcare division will move into a large office building located at 200 Forest Street, just south of Route 20 and west of I-495. The 530,000-square-foot office/R&D facility is part of the 109-acre former HP campus that was acquired by Atlantic Management in 2011.

According to the Boston Business Journal, GE Healthcare Life Sciences will occupy 160,000 square feet of space at 200 Forest Street and will share the building with another biotech company, Quest Diagnostics, which signed a lease for 200,000 square feet with Atlantic Management two years ago.

GE Healthcare Life Sciences’ new headquarters will accommodate over 500 employees, with around 220 new positions expected to be created once the facility becomes fully operational in spring 2015. The company will invest $21 million to transform the currently vacant space into research laboratories, customer application facilities and office space that will complement GE Healthcare Life Sciences’ existing manufacturing capability in Westborough, Mass. The company has already started recruiting employees to the site and expects to hire around 220 people

“Our new facility in Massachusetts will position us for continued innovation and competition in such a fast-paced, innovative industry,” said Kieran Murphy, president and CEO of GE Healthcare Life Sciences. “We will be close to industry-leading talent, customers, and world-class academic and medical institutions across all the industry sectors we serve, from biotech and pharma, to diagnostics and medical devices,” he added.

Meanwhile, CSM Lodging of Minnesota recently paid almost $2 million for a piece of land within Marlborough’s thriving office park and plans to build a new Hilton Garden Inn. Scheduled to open in the first quarter of 2016, the hotel will have 160 rooms, a business center, a restaurant, a fitness center and a pool and is expected to meet the demand for hotel space in the area.

“Only 45 minutes from downtown Boston, the Forest Park development area is a center of activity and economic growth,” said Bob Micklash, president of CSM Lodging, in a press statement. “As major corporations continue to move into Marlborough, we recognized a need for a new, updated hotel to accommodate the area’s growing community. We are excited by the activity within the immediately adjacent office park and could not be more pleased to make this venture a reality.”

 

Image via Atlantic Management

 

 







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