BOSTON—Boston Properties filed a Project Notification Form with the Boston Redevelopment Authority on Tuesday for its massive redevelopment of the Back Bay/South End Gateway project here. The plan calls for 1.26 million square feet of mixed-use development on Dartmouth St.
The REIT filed a letter of intent for the massive project in December 2015 and promised to file the Project Notification Form in early 2016. According to the documents filed on Tuesday with the BRA, the developer hopes to break ground on the project in mid to late 2017. The development plan calls for the construction of one office tower and two residential tower buildings on the 5.2-acre site that is located primarily on air rights over the Back Bay MBTA station parcel and Boston Properties' existing parking garage at 100 Clarendon St. The project site is bounded by Dartmouth Street to the west, Stuart Street and Trinity Place to the north, Trinity Place and Clarendon Street to the east and the southern property line of the MBTA station to the south.
Boston Properties on behalf of Boston Hancock LLC through its affiliate Boston Properties Limited Partnership. is also proposing improvements to the Back Bay station as well as 30,000 square feet to 65,000 square feet of additional retail space to be built on a one-story or two-story addition to the station building.
According to documents filed by Boston Properties, the 26-story office building will be built on the western edge of the existing garage and will total 575,000 square feet of office space and 30,000 square feet of ground floor retail space. The building will also feature a new entrance to the Back Bay Station.
A 28-story residential building to be constructed at the eastern edge of the garage will feature 220,000 square feet of residential space that will house 240 units. A 34-story high-rise residential building will be constructed at what is now the existing bus drop off. The tower will feature 380 units in 380,000 square feet of residential space and 8,500 square feet of retail space on the first and second floors. That building will also include a new entrance to the Back Bay station.
The existing garage will also be partially reconstructed and will maintain approximately 2,013 spaces. Boston Properties did not provide a development cost estimate, but did advise the BRA that the construction of the complex will create 2,500 construction job and 3,400 permanent jobs upon full build-out. In addition, the project will provide $5.1 million in housing and $1.1 million in job linkage payments as well as tax revenue of approximately $16 million across the four project sites as well as increased retail revenue opportunities for the MBTA at the Back Bay station.
In its March 29th filing with the BRA, Michael Cantalupa, senior vice president with Boston Properties, stated, “This project is conceived as a holistic and transformative mixed-use transit-oriented development which will revitalize an underutilized urban site and transform the adjacent public realm, integrate and connect the surrounding Back Bay, South End and Bay Village historic neighborhoods, and create an attractive and appealing place worthy of this prominent location within the City of Boston.”
In a prepared statement provided to Globest.com, the company further states, “Boston Properties envisions this location as both a welcoming 'front door' to the city of Boston and a critical new point of connection between the Back Bay and South End neighborhoods. In parallel with related improvements to the Back Bay Station, our proposed project will knit the area back together and provide active street-front uses, an improved pedestrian experience, and a vibrancy befitting the surrounding historic residential and commercial blocks.”
Boston Properties is a fully integrated, self-administered and self-managed real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class A office space, one hotel, four residential properties and five retail properties. The company is one of the largest owners and developers of Class A office properties in the United States, concentrated in four markets – Boston, New York City area, San Francisco and Washington, DC.
In Boston, the company owns and manages 14 properties totaling more than 14 million square feet of office, retail, residential and hotel space. The firm is currently completing construction of 888 Boylston St. at the Prudential Center and is building the 1.5-million-square-foot mixed-use The Hub on Causeway.
BOSTON—Boston Properties filed a Project Notification Form with the Boston Redevelopment Authority on Tuesday for its massive redevelopment of the Back Bay/South End Gateway project here. The plan calls for 1.26 million square feet of mixed-use development on Dartmouth St.
The REIT filed a letter of intent for the massive project in December 2015 and promised to file the Project Notification Form in early 2016. According to the documents filed on Tuesday with the BRA, the developer hopes to break ground on the project in mid to late 2017. The development plan calls for the construction of one office tower and two residential tower buildings on the 5.2-acre site that is located primarily on air rights over the Back Bay MBTA station parcel and Boston Properties' existing parking garage at 100 Clarendon St. The project site is bounded by Dartmouth Street to the west, Stuart Street and Trinity Place to the north, Trinity Place and Clarendon Street to the east and the southern property line of the MBTA station to the south.
Boston Properties on behalf of Boston Hancock LLC through its affiliate Boston Properties Limited Partnership. is also proposing improvements to the Back Bay station as well as 30,000 square feet to 65,000 square feet of additional retail space to be built on a one-story or two-story addition to the station building.
According to documents filed by Boston Properties, the 26-story office building will be built on the western edge of the existing garage and will total 575,000 square feet of office space and 30,000 square feet of ground floor retail space. The building will also feature a new entrance to the Back Bay Station.
A 28-story residential building to be constructed at the eastern edge of the garage will feature 220,000 square feet of residential space that will house 240 units. A 34-story high-rise residential building will be constructed at what is now the existing bus drop off. The tower will feature 380 units in 380,000 square feet of residential space and 8,500 square feet of retail space on the first and second floors. That building will also include a new entrance to the Back Bay station.
The existing garage will also be partially reconstructed and will maintain approximately 2,013 spaces. Boston Properties did not provide a development cost estimate, but did advise the BRA that the construction of the complex will create 2,500 construction job and 3,400 permanent jobs upon full build-out. In addition, the project will provide $5.1 million in housing and $1.1 million in job linkage payments as well as tax revenue of approximately $16 million across the four project sites as well as increased retail revenue opportunities for the MBTA at the Back Bay station.
In its March 29th filing with the BRA, Michael Cantalupa, senior vice president with Boston Properties, stated, “This project is conceived as a holistic and transformative mixed-use transit-oriented development which will revitalize an underutilized urban site and transform the adjacent public realm, integrate and connect the surrounding Back Bay, South End and Bay Village historic neighborhoods, and create an attractive and appealing place worthy of this prominent location within the City of Boston.”
In a prepared statement provided to Globest.com, the company further states, “Boston Properties envisions this location as both a welcoming 'front door' to the city of Boston and a critical new point of connection between the Back Bay and South End neighborhoods. In parallel with related improvements to the Back Bay Station, our proposed project will knit the area back together and provide active street-front uses, an improved pedestrian experience, and a vibrancy befitting the surrounding historic residential and commercial blocks.”
Boston Properties is a fully integrated, self-administered and self-managed real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class A office space, one hotel, four residential properties and five retail properties. The company is one of the largest owners and developers of Class A office properties in the United States, concentrated in four markets – Boston,
In Boston, the company owns and manages 14 properties totaling more than 14 million square feet of office, retail, residential and hotel space. The firm is currently completing construction of 888 Boylston St. at the Prudential Center and is building the 1.5-million-square-foot mixed-use The Hub on Causeway.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.