The Boston Courant does a great job of covering all the latest real estate news.
In case you missed this past week’s issue, here are some updates:
* Governor Patrick’s plans to dissolve the Massachusetts Turnpike Authority (MTA) could derail development of the air rights over the Pike. John Rosenthal has proposed a massive mixed-use project for land built over the Pike near Fenway Park, a second developer is expected to propose a project on Parcels 12-15 and, of course, the long-delayed Columbus Center project is proposed for land between the Back Bay and South End.
Fortunately, Columbus Center and Parcels 12-15 would probably not start construction until the credit markets recover, so the change in state agency would not delay anything. Meanwhile, Mr Rosenthal says his project is still on schedule for his #450-million Fenway Center development.
* The old Restoration Hardware space at the corners of Exeter and Boylston streets will become the Tannery, according to its owners. This had previously been announced. The old location, at 400 Boylston Street, would be turned into office space (no doubt capitalizing on the new office building going up at 350 Boylston Street, on the site of Shreve, Crump & Low).
* A proposal for a single-family home to be built on Putnam Ave will go before the Beacon Hill Civic Association, again, on Wednesday, 3 December. As mentioned in a previous blog entry, a developer is planning on building a new home on this now-empty lot, presumably the last piece of land available on Beacon Hill. The lot is landlocked, which means it is hard to reach by utilities and the fire / police departments. The builder has work-arounds for all these issues.
* Plans to open a pizzeria at 150 Tremont Street have neighbors up in arms, who want a more-upscale shop to open, instead. The retail space has been empty for almost a year, according to the Courant. Suffolk University owns the property, and presumably feels there is enough traffic in the area to make a pizza shop profitable. Some residents of the Tremont on the Common condo complex disagree; to wit, “We all know if you have a fast food place around you it collects an element that’s not conducive to a neighborhood.”
Residents would prefer “a gift shop, bakery, toy shop, or florist,” according to the article. To which I reply, “In future news: Tremont Street gift shop, bakery, toy shop, or florist closes due to lack of business.”
– Source: Boston Courant