Redevelopment Authority Approves 4 Boston Projects

Boston Mayor Thomas Menino announced that four projects totaling more than $75 million in private investment have received approvals from the Boston redevelopment authority’s board of directors. The first project approved is a residential building within the proposed Seaport Square project on the South Boston Waterfront. Known as Parcel A, it is one of 20 parcels that comprises the Seaport Square Project. The project will include 34 residential units occupying 54,400 square feet of residential space in a six-story building with ground-floor retail space. Construction is anticipated to begin in the second quarter of 2009 with an estimated completion date in the fourth quarter of 2010. Total project cost is approximately $40 million. The development team consists of MS Boston Seaport L.L.C., which is a joint partnership between Gale International, Morgan Stanley, W/S Development Associates and Boston Residential Group.The Board also approved the 44 Burbank Street residential project, which will bring 45 new units of housing to the Fenway area. The developer, Catamount Westland L.L.C., will construct a 47,000-square-foot building consisting of nine floors. Located on a vacant land parcel on Burbank Street in the East Fenway neighborhood, the site is currently used as a commercial parking facility in conjunction with the commercial parking operation at the Symphony Garage. The project will comply with the City of Boston’s green building standards. Construction of the $20 million project is set to begin in the third quarter of 2009 with an estimated completion date in the first quarter of 2011. Additionally, the board approved a revised proposal for the project located at 296 Cambridge St. in Beacon Hill. The developer, Talanian Realty, was approved in 2003 to construct 16 one- and two-bedroom residential units with first floor retail space. Subsequent to this approval, the project was delayed because of the reconstruction of Cambridge Street.In October, 2008, the developer filed a Notice of Project Change that proposed a five-story office building with retail on the first floor. The development site includes an approximately 6,000-square-foot parcel located along Cambridge Street in between the block of Strong Place and Grove St. It sits directly across from Mass General Hospital. Moreover, the board approved plans for a new LA/Fitness Club in a West Roxbury shopping center located on the V.F.W. Parkway. The project includes the renovation of an existing vacant retail space formerly occupied by Stop & Shop into an approximately 48,900-square-foot fitness facility. The developer anticipates completing the construction by late summer of 2009.