Plans to Construct Six New Office Towers in Government Center

Developers plan to construct a huge 528-foot glass skyscraper at the corner of Congress and New Sudbury streets. The curvy 47-story tower would be the centerpiece of a Government Center redevelopment project, where builders are preparing to construct a cluster of high-rises to replace portions of the Government Center Garage.

The project, estimated to cost well over $1 billion, will include construction of three high-rises and three smaller buildings containing more than 2.3 million square feet of commercial and residential space.

The project will begin with a 42-story residential tower with 450 rental and condominium units, followed by removal of the part of the garage that hangs over Congress Street and the construction of the 47-story office building. The developer wants to begin construction later this year.

The new office tower, designed by architect Cesar Pelli, would be an unusually dramatic building for Boston, a city that has shied away from the kind of eye-popping architecture that defines the skylines of other major cities.

In all, the project would result in six buildings containing 2.3 million square feet of commercial and residential space.

Three high-rises would be built on the western portion of the site, and three smaller buildings would be built along the Rose Fitzgerald Kennedy Greenway.

A retail plaza would create a new connection between the Greenway and Canal Street.

While the portion of the garage above the street would be demolished, the core of the building at Congress and New Sudbury would remain, preserving 1,100 parking spaces. That part of the garage would be hidden behind the new high-rises.

The development has received approval from the Boston Redevelopment Authority, but plans for each building must also be approved by the agency’s design commission. BRA director Brian Golden has offered strong support for the project.

“The redevelopment of the Government Center Garage site will reshape the downtown skyline in a way that few projects can,” he said. “We welcome a creative approach to its design and look forward to working with the architecture team to review their proposal more carefully.”

Developer Tom O’Brien, a principal of HYM Investment Group, said the project’s architecture is meant to call attention to the vast change it would bring to the city’s downtown.

He noted that it would remove one of the area’s worst eyesores, a relic of the Urban Renewal Era, and reconnect the Bulfinch Triangle to the North End and Beacon Hill.

Pelli Clarke Pelli Architects of New Haven is collaborating on the design with CBT Architects of Boston.

The project's primary investor is the National Electrical Benefit Fund.

Boston is experiencing a burst of real estate development, transforming much of its downtown and outlying neighborhoods. A retail and condominium tower is under construction at the former Filene’s site in Downtown Crossing. Additional towers are being proposed at Winthrop Square in the Financial District and at the site of the Harbor Garage on Atlantic Avenue.

In the Bulfinch Triangle, Related Beal is building a new headquarters for Converse Inc., and Boston Properties plans to construct a series of towers in front of the TD Garden.

Plans to Demolish & Rebuild Cambridge Housing Project

The Cambridge Housing Authority has plans to use proceeds from a $30.8 million bond from MassDevelopment to demolish and reconstruct the Jefferson Park apartments, a 100% affordable multi-family housing project in North Cambridge.

The Massachusetts Department of Housing and Community Development ruled the site’s conditions obsolete, calling for demolition of the buildings.

Rebuilding will create 104 units: 32 one-bedroom units, 53 two-bedroom units, and 19 three-bedroom units.

Other improvements will include private entrances for each of the units, along with maintaining private outdoor spaces and landscape designs.

Bank of America is the project’s bond purchaser and MassDevelopment also assisted DHCD with the approval of federal low income housing tax credits that will provide approximately $25.1 million in equity.

“Providing affordable housing in Cambridge remains crucial in one of the commonwealth’s most competitive housing markets,” said Marty Jones, MassDevelopment president and CEO.

MassDevelopment issued the $30.8 million tax-exempt bond on behalf of Jefferson Park Apartments LLC, an entity managed by the Cambridge Housing Authority. Bank of America is the bond's purchaser.

Federal low-income housing tax credits will provide $25.1 million in equity for the project. MassDevelopment and the Massachusetts Department of Housing and Community Development worked together to secure the tax credits.

Jefferson Park spans six buildings in North Cambridge. The properties built in 1950 and served as housing for veterans and their families in the aftermath of World War II. Since then, the Cambridge Housing Authority has provided affordable housing for families and individuals in these units.

CHA is a national leader in the development, management, and administration of subsidized affordable housing for more than 5,000 households of low-income elders, families, and disabled individuals. MassDevelopment has issued bonds on behalf of several CHA projects, most recently $104 million in tax-exempt bonds for three affordable housing developments.

 “The revitalization of Jefferson Park-State exemplifies the CHA’s commitment to provide its residents with high quality, energy-efficient housing that will remain affordable for generations to come," said Greg Russ, executive director of the Cambridge Housing Authority.

Huge Fenway Center Project Preparing to Begin Construction

Fenway Center, one of the largest stalled projects in Boston, is getting ready to begin construction later this Spring. The five-building, 1,300,000-square-foot mega project has secured financing for the project’s two-building first phase, which will include 313 residential units. The project has an estimated price tag of $700 million.

The 1.3 million-square-foot complex will be developed over air rights which span eight lanes of the Massachusetts Turnpike. 

The finished project will include 550 apartments and commercial space in five buildings between Brookline Avenue and Beacon Street; 1,290 parking spots, open space, and streetscape improvements. 

Plans also call for a farmers market and a bike-sharing station.

Fenway Center will be among the most transformative development projects in Boston.

Boston regulators approved a $4.6 million tax break to spur construction of a new neighborhood near Fenway Park that would straddle the Massachusetts Turnpike and include hundreds of apartments, stores, restaurants, and offices. 

The tax deal for the $550 million Fenway Center development, negotiated by Mayor Walsh, received unanimous support from the board of the Boston Redevelopment Authority. The tax break will provide an important stimulus to a project that promises to create 1,800 construction jobs and boost economic growth.

The Boston Redevelopment Authority voted to petition the City Council for approval of a Special Tax Assessment Agreement between the City of Boston and MK Parcel 7 Development, LLC, the developer of the Fenway Center project.

The project has languished for years due to legal and permitting challenges, and the developer has struggled to generate enough funding to move forward.

The development was approved by the BRA Board in 2011, but has been delayed due to litigation and rising costs.

Fenway Center is particularly costly and complex because it requires construction of a $45 million deck over the Mass Pike to support its main parking garage and a 27-story tower with offices, apartments and stores.

The project would be the first development to be constructed on air rights over the turnpike since Copley Place was built in the 1980s.

“We are going to cover up the highway and build a new neighborhood out of thin air,” said John Rosenthal, president of developer Meredith Management Corp.

Fenway Center will combine:

•     Fully funded, energy neutral MBTA Yawkey Commuter Rail Station
•     1,290 Parking Spaces including 750 shared-use spaces
•     500 Residential Apartments including 10% on-site affordable units and 5% offsite
•     170,000 SF of Office Space
•     Over 90,000 SF of Retail Space
•     Over 30,000 SF of Parks and Green Spaces
•     Bicycle Storage and a Bicycle Share Station
•     Community Space
•     Daycare Center

The tax relief is structured to help fund construction of the project’s retail spaces, not its apartments. The deal will reduce the project’s taxes over a six-year period during its construction and early years of operation.

After its completion, Fenway Center is expected to generate about $5 million a year in taxes. The developer would also pay the state $226 million to lease the 4.5-acre development site over 99 years.

Currently, the property generates about $152,000 a year.

Click images to enlarge

  

31-Story Hotel-Condo Tower to Rise near Copley Square

For the last few years, developers have been working with the city to construct a midsized high-rise building in Back Bay near Copley Square. After several delays, construction is finally about to break ground on 40 Trinity Place.

40 Trinity Place will be a 31-story tower with a four-star hotel on the lower floors and luxury condominium units on the upper floors. 

The 429,000 square foot building will rise 393 feet tall at the southeast corner of the intersection of Stuart Street and Trinity Place.

The new tower will have 154 hotel rooms, 146 residential units, a celebrity chef restaurant, a sky lobby and bar, a two-story public outdoor patio and high rise conference center, and ground floor retail and restaurant space.

Amenities for those who live in the residential portion will be located on the 17th and 18th floors and include concierge service, valet parking, a movie theater and a spa.

The highlight of the building will be a two-story sky lobby and bar, which will be set on the 15th floor.

The developers are planning on having a celebrity chef operate the restaurant and people from all over Boston will be able to come and view the city below from 150 feet in the sky.

The restaurant will also feature an outdoor patio, which when completed, will become the highest rooftop bar in the city.

40 Trinity will be built adjacent to the existing Boston Common Hotel, with an 11,300 square foot expansion for the hotel's University Club located on the building's third floor.

The ground floor of the building will open up retail space allowing for more business in the neighborhood.

Previously proposed on-site affordable housing units have been eliminated; instead, 39 affordable housing units would be built off site.

A total of 17 on-site affordable units were previously proposed.

The look of the building has been designed to minimize visual impact on the Boston skyline.

The design is particularly sensitive to context as the building is within close proximity to Copley Square and adjacent to the iconic Hancock Tower. The building exterior is sculpturally distinctive, explicitly designed to distinguish it from the adjacent buildings.

Many architects have praised its sculpture-like design.

According to the architectural team that designed the building, it was “explicitly designed to distinguish itself from adjacent buildings” nearby. They also pointed out that “shadow and wind impacts on the surrounding area were carefully considered”.

40 Trinity will have a boutique and elegant feel unlike some of the larger buildings going up around Boston which consist of 200 or more units such as Millennium Tower, the New Four Seasons and Pier 4.

The hotel portion of the tower is being designed by Stonehill Taylor Architects of New York City.

40 Trinity is set to break ground in late spring and will be built by Suffolk Construction. The project will create approximately 700 construction jobs as well as approximately 350 permanent jobs.

The building is designed to meet LEED Silver certification, incorporating a number of sustainable design features to preserve and protect the local environment.