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The fitness company known for its online indoor cycling classes will relocate its headquarters from Chelsea to Cove Property Group's Hudson Commons in 2020.
The agency gave the go-ahead for the Related Beal project that calls for the redevelopment of seven parcels in the Fenway neighborhood known as 533-541 Commonwealth Ave. and 650-660 Beacon St.
The entity— GLP Continental Europe Development Partners I— is expected to reach a value of $2.3 billion of assets under management when fully invested.