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$240M Fenway Center Commencing Construction in Boston
Joint venture partners Gerding Edlen, TH Real Estate and Meredith Management, have signed a long term ground lease with the Massachusetts Department of Transportation (MassDOT) for Phase I of Fenway Center. The $240-million mixed-use property spans 4.5 acres, and is located between Brookline, Beacon Street, David Ortiz Way and the Massachusetts Turnpike.
The developer is Fenway Center Development LLC, a partnership of Gerding Edlen and John Rosenthal. Construction is scheduled to begin immediately. Phase I will commence in December 2017, and is slated to be completed by the beginning of 2020.
Phase I will take two years to complete and will comprise two residential apartment buildings with 312 apartments, 37,000-square feet of ground floor retail and 200 underground parking spaces. It will also include 12,000-square-foot air rights deck and landscaped pedestrian walkway over Yawkey Station, between Beacon St. and Yawkey Station.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development




