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Fenway Triangle Project Approval Will Continue Boylston Street Transformation

Sep 15, 2011

Private investment / Total project cost: $315 million Total square footage: approx 700,000 sq ft. Number of jobs: construction jobs: 800 permanent jobs: 1,200 Housing: 300 rental The Board approval of the Fenway Triangle Mixed Use Project will further transform Boylston Street into a pedestrian friendly mix of retail, business and residences, in line with the city’s ongoing vision to create a thriving community there. The $315 million dollar project is being developed by Samuels & Associates and includes two new buildings at 1325 Boylston Street and 132 Brookline Avenue and will replace existing low-rise buildings and parking lots. The $250 million dollar Boylston Street development will feature two towers up to 168 and 178 feet, with one planned for commercial use and one for residential use with approximately 150 rental units. The plans include 25,000 square feet of ground floor retail, in addition to 140,000 square feet of anchor retail, and a maximum of 575 underground parking spaces. The $65 million dollar Brookline Avenue site proposal calls for a 17-story building with 5,000 square feet of ground floor retail space and approximately 150 rental units. As part of the agreement with the city 7.5% of the housing units will be affordable, with a commitment to exploring the creation of other offsite affordable housing opportunities. Construction is slated to begin in the spring of 2012 and be completed in late 2014 and create 800 construction jobs. Samuels & Associates is responsible for several other projects that have been part of the revitalization of the Fenway neighborhood, including 1330 Boylston Street and Trilogy.

Related Tags

BRA Board Meetings commercial Fenway Residential Retail 

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