BOSTON — Four projects, totaling more than $75 million in private investment, received approvals from the Boston Redevelopment Authority’s Board of Directors.
The individual projects include:
Seaport Square’s First Residential Building
Known as Parcel A, this $40 million project is one of 20 parcels that comprise the Seaport Square Project, located on the South Boston Waterfront. The 54,400-square-foot, six-story building will include 34 residential units. It will feature one-, two-, and three-bedroom floor plans and ground-level retail space. The joint venture of MS Boston Seaport and Boston Residential Group is developing Parcel A. Construction is scheduled to begin second quarter 2009, with an estimated completion date in fourth quarter 2010.
Fenway Residential Project
This $20 million project will bring 45 residential units to the East Fenway neighborhood of Boston. The 47,000-square-foot building will consist of nine floors. Catamount Westland is developing the property, which will feature loft-style and two-bedroom units. Construction is scheduled to begin third quarter 2009, with an estimated completion date in first quarter 2011.
Beacon Hill Project
Originally designated as residential and retail space, developer Talanian Realty recently decided to scratch those plans in favor of a $9.5 million, five-story office building with ground-level retail space. Located at 296 Cambridge Street at the base of Beacon Hill, the site is currently utilized by a gas/convenience store, which will be demolished.
LA/Fitness Club
West Roxbury shopping center is renovating space for a 48,900-square-foot LA/Fitness Club. Once occupied by Stop & Shop, the $6 million project is expected to be complete by summer 2009.