Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Boston & New England CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Boston & New England  |  September 28, 2020
David Cohen
By: David Cohen

Redevelopment of 161-Acre Suffolk Downs Site in Boston Approved by BPDA

Boston-based commercial real estate company HYM Investment Group has received approval from the Boston Planning and Development Agency (BPDA) for its planned redevelopment of Suffolk Downs, a 161-acre former racetrack in Metro Boston.

The mixed-use project, which will be one of the largest developments in Boston history, will include 10,000 housing units as well as 3 million square feet of office and retail space. Suffolk Downs will also deliver 930 on-site affordable units and 500 off-site affordable units, totaling approximately 20% of its units. In addition to planning an infrastructure that encourages walking and biking as viable transit options, HYM committed $20 million in funding for public transit improvements in East Boston and Revere that will go towards Blue Line enhancements, Beachmont Station upgrades and Suffolk Downs Station reconstruction.

The September 24 vote by the BPDA marks the end of a three-year community review process, during which HYM held more than 450 meetings with community group members, elected officials and staff, and neighbors to hear and incorporate community feedback. HYM acquired the former horse track and racing facility in 2017.

For comments, questions or concerns, please contact David Cohen

Connect

Inside The Story

Connect with HYM Investment GroupConnect with BPDA

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
Order Reprints
  • ◦Development