The latest from Lili about Boston Real Estate.

The Next Generation of Boston Development Plans

June 25, 2011 |

 Boston is poised for a major face lift this year. With new construction on the waterfront and several plans to break ground this summer, there are many exciting projects in the works --

Copley Place Development: Simon Properties is filing a revised plan to the BRA this summer for a 47-story retail/residential project. If approved, it could be one of the tallest residential towers in the Back Bay. The tower will have 47 stories including 114,000 square feet of space and will be a splendid addition to Boston luxury real estate.

[caption id="attachment_187" align="aligncenter" width="226" caption="Copley Place Tower Proposed; Source: BHP Development"][/caption]

The developer of Hayward Place in downtown Boston said last week that he intends to begin construction of a residential building on the property this summer after a delay of more than four years. The Millennium Partners-Boston, have approval of a revised plan from the city for a 15-story building with 265 condos for sale and rental housing with an additional 12,000 square feet of retail space on the ground floor. An earlier plan for the property, now a parking lot across from the Ritz-Carlton Hotel and Towers, called for only 188 residential units.

This project, initially approved in October 2006, has been on hold due to an economic downturn that dried up funding for many of the city’s largest development projects. The site occupies the city block defined by Washington Street, Avenue de Lafayette, Harrison Avenue, and Hayward Place. The project is being designed by Handel Architects of New York, which also designed Millennium’s luxury residences at One Charles Condominiums in the Back Bay – I can’t wait to see the finished product!

National Development, a Newton based development company has submitted plans to the city for a mixed-use complex to be built over the Boston Herald building’s former 6-acre site. If approved, it would add a major boost to the South End.

Up to 270 residential units, small commercial spaces for boutique shops, one large commercial space big enough for a grocery store, outdoor seating, ample parking, and space reserved for car-share programs and bike-rental kiosks are included in the development plan. This construction would provide the momentum needed for similar projects in the area.

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