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Old 08-04-2010, 05:32 PM   #1
Mike
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Join Date: May 2006
Location: Weymouth
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Complete Boylston West @ Fenway Triangle (Van Ness) | 1325 Boylston Street | Fenway

I think this deserves its own thread:


Developer plans $300M project for Fenway
By Thomas Grillo
Wednesday, August 4, 2010


A Boston developer that has helped turn Boylston Street from a gritty road lined with gas stations, fast food restaurants and auto repair shops into a place with luxury apartments and upscale retailers, is set to revitalize the former Goodyear Tire store behind Fenway Park.

Samuels & Associates filed plans today for a $300 million development that will include two 15-story buildings. The first, at 1325-1341 Boylston St., would include 150 apartments, 225,000 square feet of office and 200,000 square feet of ground floor shops that will include an anchor department store that the company would not name. A second building at 132 Brookline Ave. would offer 170 apartments and 150,000 square feet of office space.

?This is one more step in turning Boylston Street into a Main Street for the neighborhood without all the cars,? said William Richardson, president of the Fenway Civic Association.

Steven Samuels, the firm?s president and CEO who has won widespread support from neighborhood activists for Trilogy and 1330 Boylston St., purchased the Goodyear site in 2008 for $9.9 million. He said the latest project continues his mission to replace underused parcels with vibrant mixed-use facilities along Boylston.

?We have a neighborhood master plan and we are doing this one building at a time so each one is successful and builds on the success of the others,? he said. ?We are adding apartments and office to the Fenway that we think it can handle and this new project takes it a step further.?

While cash has been the biggest hurdle to construction, Samuels said money is loosening up and he is confident that he can get $150 million in financing. ?We don?t have a named lender but we are comfortable that we can get it done,? he said. ?Construction could begin as early as next year.?


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Last edited by briv; 02-14-2011 at 03:05 PM. Reason: 1325-1341 Boylston St (Fenway Triangle/Former Goodyear Tire)
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