dshoost88
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It's about time for this to have its own thread.
Scratch that I guess it was $17M, closed yesterday.
Indeed, Star Market bought the gas station property (1420 Boylston St) from Elias Enterprises for $16,925,000, closing yesterday. You can see the details here - search for "Elias" and sort by date.
Star Market now owns the "gas station parcel" as well as the parking lots south and east of it, plus their building. I've been confused by the timeline here -- why shut down the Gulf and Dunkin when any future development is still years away -- but I think it all makes a bit more sense if Star Market itself is the developer, not a third party.
Even though no plans have been made public, would it make sense to move all of this 1420 Boylston St talk off into its own thread (maybe Star Market (former Gulf) parcel | 1420 Boylston Street | Fenway)? It's been clogging up this "Skanska Fenway Project" thread for weeks now... Mods, any opinions?
My $0.02: I think if Star Market does do a grocery store fronting Park Drive that they hopefully think of a way to do it below ground or a floor above to allow for ground floor retail facing Park Drive & the Fens. Also, I imagine this is a great spot for LMA-related office space. Not a bad site for a hotel either, though.A development would include the Star Market "south lot" (the one at the corner of Park Dr and Peterborough) but likely not the one on Boylston. This is atleast what the rumors are saying, and it makes sense. There's an alley separating the Gulf site and the Star Market lot on Boylston.
The store and parking lot on Boylston would then go later in a second phase.