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governor-baker-fenway-center-gb-january-2018Governor Charlie Baker today joined Transportation Secretary and CEO Stephanie Pollack, local leaders and members of the joint venture of Meredith Management, Gerding Edlen, and TH Real Estate at a ground breaking ceremony for Phase I of the Fenway Center Development Project at 771 Beacon Street in Boston.

fenway-center-phase-1-graphicAfter nearly two decades of discussions, the Massachusetts Department of Transportation (MassDOT) recently closed on a $21 million lease agreement for Phase I of the Fenway Center Development Project which allows construction to proceed on two buildings which will contain 312 rental housing units, 37,000 square feet of commercial space, 200 parking spaces, and a direct pedestrian walkway to the adjacent Yawkey commuter rail station.

“The Fenway Center Development Project is an important and long-awaited public-private partnership for this community that we are pleased to be a part of,” said Governor Baker. “Our administration is proud to support development projects that will stimulate the economy, create jobs and increase housing options in Massachusetts.”

“Collaborating with our municipal partners and the private sector is an essential part of achieving our local development priorities,” said Lieutenant Governor Karyn Polito. “Once complete, this transformative development project will help meet the needs of residents, businesses, and community stakeholders.”

fenway-center-phase-1-location-january-2018The Massachusetts Turnpike Parcel 7 Phase 1 lease was signed December 6, 2017.  The lease payment totaling $21 million has already been received by MassDOT and this project has been fully permitted by the City of Boston.  In July 2017, the MassDOT Board of Directors authorized MassDOT to develop the Fenway Center Project in two phases. Discussions are ongoing regarding the lease agreement for Phase II. Phase II plans call for three buildings to be constructed over I-90 near the two buildings which are part of Phase I and the developer is required to close the Phase II lease by December 2020.

“We appreciate the MassDOT staff members who helped move this project forward and thank all stakeholders involved including the City of Boston for their collaboration and support,” said Secretary Pollack. “The Baker-Polito Administration is pleased to continue strengthening our transportation system and considering how to best use our state property to provide more economic opportunity and increase the quality of life for people in our local neighborhoods.”

“MassDOT is committed to ensuring that our roads, bridges, and state property are serving the greatest public good and helping build strong, vibrant neighborhoods across the Commonwealth” said Highway Administrator Jonathan Gulliver. “I thank the many MassDOT staff members for their hard work and we look forward to the completion of Phase I of the Fenway Center Project which is utilizing land and air rights surrounding the Massachusetts Turnpike in Boston.”

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