Developer Related Beal has filed detailed plans with the Boston Planning & Development Agency that would add two new buildings to Kenmore Square—one of which Boston’s most famous sign would bestride.
The plans include incorporating 660 Beacon Street, which has been holding up the famed 60-foot-by-60-foot Citgo sign since 1965, into one of the new buildings.
The prolific Related Beal bought 660 Beacon and several other buildings in the area in 2016, touching off speculation that the sign was doomed.
Organized opposition to its demolition arose even before the sale, when former owner Boston University announced it was putting the buildings on the block. Related Beal and the oil concern behind the sign struck a deal in March 2017 intended to keep the clarion beaming for decades.
Plans include construction of an eight-story property called the Commonwealth Building at the corner of Commonwealth Avenue and Deerfield Street. It would have 130,000 square feet of modern office space, 10,000 square feet of retail, 60 underground parking spaces, and rooftop terraces with what Related Beal describes in a release as “unmatched views of Kenmore Square and the Charles River.”
As for 660 Beacon, it would be renovated and incorporated into a 143,000-square-foot Beacon Building, per the developer, “an adaptive re-use development that will include more than 110,000 square feet of re-positioned office space and 18,000 square feet of retail space.”
Related Beal expects the office space to go quickly in the Boston-area’s rather scorching office market. It cited a recent brokerage report which concluded that “[office] vacancies in Boston and Cambridge will remain at or near all-time lows.”
The developer wants to start construction during the first three months of 2019. Stay tuned.
The 30-story, 340-foot Pierce Boston condo and apartment tower, the tallest building in Boston west of Back Bay, officially opened at Brookline Avenue and Boylston Street in Fenway on March 1.
Four weeks earlier, one of the biggest—and longest-in-coming—new projects in the Boston region got officially underway: The five-building, 1.1 million-square-foot Fenway Center where Brookline and Commonwealth avenues meet in the Kenmore Square area.
These buildings would total more than $1.48 million square feet of commercial, technology, and life science research space—the idea is to rival other regional commercial hubs such as Kendall Square and the Seaport.
It’s there that owner HYM Investment Group has put forward a general redevelopment plan with two paths. Both paths include 16.5 million square feet of new residential, retail, office, hotel, and lab space built out over as long as two decades. (Eleven million square feet of that would go in Boston and 5.5 million in adjoining Revere.)
That pro-commercial path would be paved with the up to 8 million square feet of office space that Amazon is seeking in a new HQ. It would, too, include 7,500 residential units, 550,000 square feet of retail, and up to 830 hotel rooms.
But suppose Amazon choose Dallas or some such exotic placeinstead of Boston. In that case, HYM would take a pro-residential path, with 10,000 housing units, 450,000 square feet of retail, and 670 hotel rooms.
There would also be 5.25 million square feet of office space.
Kendall Square-based M.I.T. is driving much of the change in the Cambridge neighborhood.
Silver Line service from downtown Boston into Chelsea is expected to start this spring. The five-mile route will run from South Station to a stop just west of Everett Avenue, and will facilitate connections to the Red and Blue lines.
An estimated 8,700 people will use the route daily, a figure sure to further boost Chelsea’s status as a Plan B for buyers and renters priced out of Boston proper.
The route will include an exclusive right-of-way for Silver Line buses once in Chelsea, where there will be four stops total. And, as part of the extension, the state will relocate Chelsea’s commuter rail station westward and spruce it up quite a bit.
These developments including the Hub on Causeway, the first phase of which is under construction and is due to include the city’s largest supermarket; a 15-screen movie theater; 10,000 square feet of outdoor space for a new entrance to TD Garden and North Station; and 175,000 square feet of what the developers are calling “creative office space.”