Boston’s Fenway Center development is finally breaking ground

Developer John Rosenthal's project has been 15 years in the making and still isn't fully financed

New York Weekend Edition /
Dec.December 17, 2017 12:29 PM

(Credit back to front: Yunner/Wikimedia Commons; National Photo Company – Library of Congress; Twitter)

Massachusetts-based developer John Rosenthal’s new $240 million project is getting underway after 15 years of attempted starts. Known as Fenway Center, Rosenthal’s mixed-use development will start with the construction of two resi buildings beside Fenway Park, which are due to break ground by the end of the year.

With a combined area of more than 1 million square feet, the overall project will eventually include over 300 condo units and 37,000 square feet of retail space, according to the Architect’s Newspaper.

The Architectural Team is designing the buildings along with amenities like pedestrian walkways and parks. Their design includes plans for what would be the state’s largest private solar power plant and the Boston area’s first net-zero train station.

Fenway Center has been a long time in the making: after years of trying to get the development off the ground and running into trouble leasing the land from the state and securing financing, Rosenthal got the project back on track by proposing two phases; he’s building the condos first and betting that the new foot traffic will attract investors to fund phase two, which will include office space and Rosenthal’s long-troubled plan to build a deck over the Massachusetts Turnpike.

The decking over the turnpike has reportedly been a key reason the project suffered 15 years of delays, and in the developer’s latest plans the deck will be used as garages.

“We’re going to create a neighborhood here where today there are parking lots and windswept bridges,” said Rosenthal to The Boston Globe. “That will attract the debt and equity for Phase 2.”

Phase one is expected to be done by 2020 and the lease for phase two must be in place by then as well.

[Architect’s Newspaper] — Erin Hudson


Related Articles

arrow_forward_ios
MR Property Builders' Rich Rauff and 45th Street between Pacific and Prospect Streets in Copiague (Getty Images, Google Maps, MR Property Builders)
Honey, they shrunk the housing: Long Island project withers
Honey, they shrunk the housing: Long Island project withers
(Photo Illustration by The Real Deal with Getty Images)
Lumber prices splinter amid rising interest rates
Lumber prices splinter amid rising interest rates
Village of Lawrence mayor Alex Edelman (Facebook, Getty)
Shovels down! Hempstead Town halts development in two villages
Shovels down! Hempstead Town halts development in two villages
FSA Capital’s Benjamin Clyburn and 133-09 37th Avenue in Flushing (Google Maps, Breaking Ground, Getty)
Brian Pun’s FSA Capital plans 173K sf project in Flushing
Brian Pun’s FSA Capital plans 173K sf project in Flushing
State senator Michael Gianaris with 21-12 30th Road (NY Senate, Marner Architecture, Getty)
Astoria redevelopment gets intergalactic
Astoria redevelopment gets intergalactic
(Getty)
Zoning, infrastructure limits are squeezing US land supply
Zoning, infrastructure limits are squeezing US land supply
From left: Boston Mayor Michelle Wu and South Boston Senator Nick Collins with Boston City Hall
Controversial transfer tax bill advances in Boston
Controversial transfer tax bill advances in Boston
Hudson’s Bay Company CEO Richard Baker and 609 North Avenue W in Westfield, NJ (Cornell, Google Maps)
Shuttered Lord & Taylor targeted for Union County redevelopment
Shuttered Lord & Taylor targeted for Union County redevelopment
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...