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Newbury Street empty lot poised for development

Glynn Hospitality wants to develop one of the last non-developed lots left along Newbury Street (and it may well be the very last developable lot on Newbury Street). Currently a surface parking lot hidden by a small brick wall, the small site is in between the popular Sonsie restaurant and a row of townhouses.

The Glynn Hospital Group, owner of a number of pubs in the city, wants to put up a five-story structure with retail out front and housing in the rest of the building. Not a big deal. But there are some concerns being voiced, the Herald reports.

The betting here is some sort of agreement will be reached on developing the site. The concerns appear to mostly center around aesthetic issues, not on whether building at the site will dramatically change the immediate area.

But an interesting thing that comes through in the article is how little space there is to develop anything on Newbury Street. The other interesting item, left unspoken, is why Glynn waited so long to do something with its prime parking lot.

Read other posts about: Back Bay Real Estate

4 Responses to “Newbury Street empty lot poised for development” »»

  1. Comment by Funny | 06/16/12 at 6:14 am

    I heard they rake in millions a year just on parking. Why exchange a steady revenue stream for one not proven?

  2. Comment by Actually Not Funny | 06/21/12 at 3:44 am

    Funny…wrong parking lot. They make some revenue off of the 10-15 spaces, but mostly from monthly parkers. You are thinking of the lot at the corner of Newbury and Dartmouth Street.

  3. Comment by Funny | 06/21/12 at 1:58 pm

    much appreciated. Didn’t feel like googling and just assumed it was that one.

  4. Comment by ollie | 07/08/12 at 5:31 am

    First of all, it’s not an empty lot; the space is the back yards for 49-53 Hereford, which Glynn illegally cut down the trees, paved over the space and is illegally using as a commercial parking lot.
    Glynn also illegally connected the storm drains in the parking lot to the city sewer system which now results in sewage overflow into the alley when there are heavy rains.
    I think he should restore the back yards the way they were for 150 years.

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