MassDOT Secretary & CEO Richard A. Davey today announced that ADG Scotia II LLC has been designated as the developer of Air Rights Parcels 12 and 15, located above and along Interstate 90 at the intersection of Boylston Street and Massachusetts Avenue in Boston’s Back Bay. ADG Scotia is a joint venture of two Boston-area developers – Samuels and Associates and Weiner Ventures.
The ADG Scotia proposal will cover two open air rights parcels in the Back Bay. On Parcel 15, a 400-foot high-rise hotel and residential building will be set back from Boylston Street, with a low-rise retail building along the street. On Parcel 12, a mid-rise residential building will be located on Boylston Street and a two-floor retail building will cross the Turnpike along Massachusetts Avenue. The $360-million project will create a total of 230 residential units, a 270-room hotel, and 50,000 square feet of retail space.
“We believe the ADG Scotia proposal provides the best overall value and long-term benefit to the City of Boston by transforming this critical Back Bay intersection along the Turnpike,” said Secretary Davey. “The proposal’s rent offer also provides the best financial benefits to the citizens of the Commonwealth. I want to thank the Boston Redevelopment Authority and an engaged Citizens Advisory Committee for their diligent work and assistance in making this important decision.”
The 99-year lease agreement with ADG Scotia covering Parcels 12 and 15 will provide to the Commonwealth a present value of $18.5 million in rent for the two parcels in the form of fixed payments early in the lease period combined with annual rent payments.
The criteria used in making the decision included: the proposed land use and project design; community benefits; community and City input; and the developer’s financial proposal, capacity, and experience.
The decision was made following a deliberate, thorough, and transparent process with significant involvement by the Boston Redevelopment Authority and a Citizens Advisory Committee, as well as members of the general public and Back Bay neighborhood. The process began in 2008 but was put on hold during the financial crisis and restarted in 2011.
The designation of ADG Scotia is now subject to negotiation and execution of development agreements and leases with MassDOT. ADG Scotia will pursue project permitting and design review.
Employers Honored for Excellence in Commuter Options posted on Mar 26
The efforts of more than 170 Massachusetts businesses, colleges, and universities, who promote active, healthy, and sustainable commute options, were celebrated today for helping Massachusetts to reduce traffic congestion, to promote healthy lifestyles, and benefit the environment. The Massachusetts Excellence in Commuter Options (ECO) Awards …Continue Reading Employers Honored for Excellence in Commuter Options
Longfellow Bridge: “Salt and Pepper” Towers Work posted on Mar 26
MassDOT on Saturday, March 28 will begin preparing to dismantle the downstream “salt and pepper” towers as part of the Longfellow Bridge Restoration Project. MassDOT’s contractor, White-Skanska-Consigli JV (WSC), coordinated with the cities of Cambridge and Boston as well as the MBTA to begin dismantling …Continue Reading Longfellow Bridge: “Salt and Pepper” Towers Work
Work Zone Safety Awareness: “Expect the Unexpected” posted on Mar 25
MassDOT joins local, state and federal transportation officials in observing the 2015 National Work Zone Safety Awareness Week, Monday-Friday, March 23-27, and Massachusetts will be focusing on the month of April as Work Zone Safety Awareness Month. With the start of highway construction season, this …Continue Reading Work Zone Safety Awareness: “Expect the Unexpected”