Revisited Plans for Multifamily Tower in Fenway OK’ed for Development

Developer Samuels & Associates got the green light to begin a complex transformation project of the gritty corner of Brookline Avenue, Boylston Street and Park Drive in Boston’s Fenway neighborhood.

Developer Samuels & Associates got the green light to begin a complex transformation project of the gritty corner of Brookline Avenue, Boylston Street and Park Drive in Boston’s Fenway neighborhood.

The Point - Fenway, Boston

The Point – Fenway, Boston

Currently occupied by a derelict, single-story retail building, the 0.6-acre triangular parcel is located at 1383-1395 Boylston St. and serves as a gateway to Fenway, one of the most densely populated neighborhoods in Boston. According to public documents, the original plans—which were submitted for review and then approved by the Boston Redevelopment Authority (BRA) two years ago—called for a 320-apartment glass tower rising 22 stories above ground. However, Samuels & Associates re-evaluated the project and submitted a Notice of Project Change that added more housing in the mix and increased the tower’s height to 30 stories.

Dubbed The Point, the final version of the $290 million project was green lighted by the BRA in February this year and is ready to break ground by summer. Miami-based architecture firm Arquitectonica designed the 390,460-square-foot tower which will feature 240 rental apartments and 109 condos. According to The Boston Globe, who quoted sources from Samuels & Associates, the 109 condos were added to the project to reflect a shift in the housing market, with homeownership becoming an asset that’s both financeable and available.

Apart from adding much-needed housing in a dense urban setting, The Point is also expected to improve the pedestrian and retail experience of the Fenway area. Construction plans include a two-story retail base of approximately 20,000 square feet, and The Point Plaza—an urban public open space at the junction of Boylston Street, Brookline Avenue and Park Drive . The project is scheduled for completion in 2016.

Rendering courtesy of Samuels & Associates