MassDOT’s Board of Directors has authorized MassDOT Secretary and Chief Executive Officer Richard A. Davey to execute an agreement with ADG Scotia, a team of Weiner Ventures and Samuels & Associates, for Parcels 12 and 15, located in Boston’s Back Bay at the intersection of Boylston Street and Massachusetts Avenue. The project involves construction along and over the MassPike. The Weiner/Samuels proposal calls for a combined hotel and residential development with high-rise construction set back from Boylston Street and low-rise construction along the street.
“This long awaited proposal provides significant financial benefits to the Commonwealth, and I want to thank the Citizens Advisory Committee and Boston Redevelopment Authority for assisting us as we made this critical decision,” said MassDOT Secretary Davey.
“The exciting proposal provides will fundamentally change a long-neglected part of the Back Bay with a combination of new housing, a hotel and exciting new retail opportunities,” said MassDOT Assistant Secretary for Real Estate and Asset Development, Jeffrey A. Simon.
The 99-year lease agreement with ADG Scotia covering Parcels 12 and 15 will provide the Commonwealth project value of $18.5 million for the two parcels in the form of fixed payments early in the lease period combined with annual rent payments.
The proposed two-parcel development will include the following, with all numbers approximate:
- 111 residential condominium units;
- 41,200 square feet of retail space; and
- 98 garage parking spaces.
- 270-room hotel;
- 120 residential condominium units;
- 9,100 square feet of retail space; and
- 240 garage parking spaces.
The developer selection process considered several factors: the details of the financial proposal; developer’s financial capacity and experience; project design and proposed land use and the resulting community benefits and neighborhood impact; and community input.
The decision was made following a thorough and transparent process with significant involvement by the Boston Redevelopment Authority and 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 Development Agreement with ADG Scotia will include review and approval of the proposed development design by MassDOT. The developer will have 24 months to close on a Lease for at least one of the two parcels, and within another 12 months on the second parcel.
Governor Patrick Signs “Boston Strong” License Plate Bill posted on Apr 18
Governor Deval Patrick today signed legislation creating a Massachusetts “Boston Strong” license plate. The legislation directs the Registry of Motor Vehicles to establish a license plate memorializing the victims of the Boston Marathon bombings adorned with the phrase “Boston Strong.” All proceeds from sales of …Continue Reading Governor Patrick Signs “Boston Strong” License Plate Bill
Whittier Bridge I-95 Update: River Boaters Notice posted on Apr 18
The Whittier Bridge/I-95 Improvement Project continues through the 2014 boating season. Much of the work this season to construct the new northbound span of the Whittier Bridge is taking place from the Merrimack River to the immediate east of the existing bridge. Several large barges, …Continue Reading Whittier Bridge I-95 Update: River Boaters Notice
Route 79/Braga Bridge Project Public Meeting Set posted on Apr 17
Please join MassDOT at a public meeting for an update on construction progress on the Route 79/Braga Bridge Improvements Project, as follows: Wednesday, April 30, 6:30 pm to 8:30 pm, Heritage State Park Auditorium, 200 Davol Street, Fall River The meeting will include an opportunity …Continue Reading Route 79/Braga Bridge Project Public Meeting Set