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.
Tobin Bridge Pay-By-Plate Fines Reduced posted on May 29
MassDOT Secretary and CEO Stephanie Pollack announced changes to the fine structure to the all-electronic, Pay-By-Plate, toll collection system on the Tobin Bridge. Additionally, Secretary Pollack also announced a 30-day amnesty program that starts Monday, June 1, where drivers can simply pay the amount of …Continue Reading Tobin Bridge Pay-By-Plate Fines Reduced
Route 2/I-95 Bridge Project: Intelligent Innovation posted on May 29
It may not be obvious to drivers on Route 2 or I-95 in Lexington, but some of the construction vehicles at the Route 2/I-95 Bridge Replacement Project site are anything but ordinary. The project is one of three that the Massachusetts Department of Transportation (MassDOT) …Continue Reading Route 2/I-95 Bridge Project: Intelligent Innovation
MassDOT RMV AAA Partnership: Hadley posted on May 28
Today, Governor Charlie Baker joined MassDOT Registrar of Motor Vehicles Erin Deveney and executives from AAA Northeast (AAA NE) in Hadley to announce the latest AAA Registry Services location to begin providing RMV license and registration renewal services to members. “Today marks the doubling of …Continue Reading MassDOT RMV AAA Partnership: Hadley