225 Centre @ Jackson Square | 225 Centre Street | Jamaica Plain

Revitalist

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Dirt is being pushed around at 225 Centre Street, the state just allocated $5 Million to Jackson Square ice rink... it looks like the redevelopment of Jackson Square is finally happening...
 
Re: Jackson Square/225 Centre

http://225centre.com/

jaxsq_view1small.jpg
 
Re: Jackson Square/225 Centre

Jamaica Plain project gets financing

by Thomas Grillo
Boston Business Journal

Construction of a mixed-use project on Centre Street in Boston’s Jamaica Plain neighborhood that will create 103 apartments as well as retail and commercial space got a boost with $46.8 million in financing from MassHousing and the AFL-CIO Housing Investment Trust.

MassHousing will provide $31.4 million in loans for the development while the AFL-CIO Housing Investment Trust and its subsidiary, Building America CDE, are providing a combined $15.4 million in financing.

Boston's Department of Neighborhood Development pledged $3.25 million to the project and provided a $4.6 million Section 108 loan for commercial development.

The project is the first phase of the $250 million redevelopment of Jackson Square in Boston’s Jamaica Plain community. Located at the intersection of Centre Street and Columbus Avenue, the $53.2 million project is a joint venture between Mitchell Properties and The Community Builders . Construction commenced in December and is expected to be completed by April 2013.

Approved by the Boston Redevelopment Authority in 2007, it is a transit-oriented development which will redevelop more than 11 acres of public and private land adjacent to the MBTA Jackson Square station. Upon completion, these long vacant and underutilized parcels will become a vibrant center with mixed-income housing, retail shops, community facilities and open space to reconnect Jamaica Plain and Roxbury, the developers said.

MassHousing recently closed a $15.9 million construction and permanent loan, a $9.9 million construction bridge loan, and a $4.6 million Priority Development Fund loan. Another $1 million comes from the Affordable Housing Trust Fund, which is jointly managed by MassHousing and the state Department of Housing and Community Development.

http://www.bizjournals.com/boston/real_estate/2012/02/jamaica-plain-project-gets-financing.html
 
Re: Jackson Square/225 Centre


I was literally just about to make that exact post.

I'd much prefer the generic "STORE" or even the knockoff brand names like "Stardust Coffee" (perhaps the most popular) in renderings.
 
Re: Jackson Square/225 Centre

I want one of these in each one-story-taxpayer-filled square in outer Boston, please.
 
Re: Jackson Square/225 Centre

are the two woman on the left hookers?
 
Re: Jackson Square/225 Centre

Mmm. They look kind of shadowy.
 
Re: Jackson Square/225 Centre

Is there an updated graphic of the entire Jackson Square redevelopment plans... all 11 acres? Centre and Columbus is a busy intersection. Any road changes?
 
Re: Jackson Square/225 Centre

Also in JP... though about a mile from Jackson Square:

A Boston developer plans to tear down the site in Jamaica Plain where the Home for Little Wanderers currently operates its landmark, 98-year-old special education school building and construct a new, $75-million building there with about 200 apartment units and more than 150 below-ground parking spaces.

In mid-August, the child and family service agency announced that, as part of plans to relocate, it planned to sell the 3.5-acre property that sits between South Huntington Avenue and the Jamaicaway.

The development company, Boston Residential Group, announced today that it has signed a purchase and sales agreement with the nonprofit for the site at 161 South Huntington Ave. and has filed a letter of intent outlining its development proposal with the city's redevelopment authority.

The company's president and CEO Curtis R. Kemeny said today he hopes to receive zoning approval by the coming fall and begin an estimated 18-month construction process in early 2013.

The development company leader said he plans to knock down all structures on the existing site and build between 190 and 200 apartment units in a residential apartment building expected to cost about $75 million.

Most of the rental units will be studios or one-bedroom, along with some two-bedroom units, officials said. Some apartments will be priced at market rate and some will be priced as affordable units, the developer said.

The "full service" apartment building will include a fitness center, dining facility with a caterer's kitchen, a media and common room, a patio, bike storage space and access to the nearby Emerald Necklace park system, according to Kemeny.

"We love the Jamaica Plain neighborhood," he said in a phone interview today. "We think the site is very attractive to individuals and couples working nearby, whether its be in the Longwood Medical Area or in Jamaica Plain. We're bringing a residential component to an area of Jamaica Plain where it really hasn't been before ... This is going to be a high-quality building."

He said plans for the development are still being drafted and his company expects to file a more detailed project description with the city by the end of March.

The company considered renovating the historic buildings at the site, but Kemey said development officials ultimately found: "it would be very, very challenging to reuse that building for a residential purpose. It's not just a cost issue."

He said the site is not configured for residential use and does not comply with current legally-required standards that the site would need to update to if any renovations were made.

He said his company went through a competitive process to secure the site, but declined to say how much the property cost to purchase, citing a confidentiality agreement within the deal.

The "building will embrace the Emerald Necklace and provide [a] new residential face on South Huntington Avenue ... [and it] will become [a] residential anchor on South Huntington Avenue and extend [the] residential character of adjacent JP neighborhoods," the developer said in a statement.

The building's height will be "similar" to two nursing homes situated along South Huntington Avenue, the Sherrill House and Goddard House, development officials said.

For the proposed project, the developer said it has chosen ADD Inc. as its architect, John Moriarity & Associates as its contractor, Nixon Peabody to oversee legal aspects and Epsilon & Associates to oversee obtaining needed permits.

The Boston Residential Group said it is experienced in local, urban development, citing projects the company has led in Boston and Cambridge, including: 360 Newbury St., 285 Columbus Ave., Church Park, Navy Yard 33 and 1008 Massachusetts Ave. in Cambridge.

The Boston-based real estate development and management company founded in 2003 has ownership interest in or manages over 1,100 luxury apartments and condominiums representing $350 million in real estate assets, according to its website.

In a move announced in August and anticipated to happen in the fall of 2012, The Home for Little Wanderers will relocate some programming and services from its oldest and most-well known facility -- the Knight Children’s Center -- to a section of its 166-acre site at Longview Farm in Walpole that is undergoing $19-million in new construction.
 
Re: Jackson Square/225 Centre

I wandered by yesterday and took a few snapshots... haven't heard when they start leasing but I do know that the lottery for the affordable units has already been advertised.

Wondering if they've leased the retail yet?





From the Jackson Square T busway:

 
Re: Jackson Square/225 Centre

I wonder how much these units will go for. It's a very desolate area, with the closest activity pretty much being the Heath St Projects, which are not exactly friendly. The only saving grace is the Orange Line.
 
Re: Jackson Square/225 Centre

Centre Street is fairly active and Hyde Square is close.
 
Re: Jackson Square/225 Centre

^I think he's referring to Columbus Ave....yeah that stretch has nothing.
 
Re: Jackson Square/225 Centre

There are a few decent articles at Curbed that describe the whole Jackson Square project. (Unfortunately, nearly all the links from the developers sites are broken.)

Jackson Square articles at Curbed Boston

The entire project is lots of little blocks of housing over about 8 acres of vacant land. 225 Centre is the first (and I believe largest) building in the pipeline. There are two others (one on Columbus across from 225 and one on Amory Ave) that are about to break ground, with about 70 apartments in total. Baby steps, but all in an attempt to grow a neighborhood out of a big swath of nothing left by the old Orange Line relocation back in the '70s.
 
Re: Jackson Square/225 Centre

Baby steps, but all in an attempt to grow a neighborhood out of a big swath of nothing left by the old Orange Line relocation back in the '70s.

Actually, this was a "big swath of nothing" left by the Commonwealth's failed efforts to cut I-95 through this corridor in the mid-20th century. Constructing the orange line and SW Corridor Park through this area was an effort to reconnect the neighborhood(s) and spur developments like this one along the way.

Also, BostonUrbEx, I've met the exclusive leasing office official for this project on more than one occasion earlier this year. At the time (Feb/March), she had literature saying that 1 beds here would start around $1,500, 2 beds around $1,800, and 3-beds in the low $2,000's. Considering the proximity to the "T" and the product they're creating, I think those are perfect price points... which of course means that come completion date (August), those will shoot up to a ridiculously higher number reflecting the scarcity of quality TOD housing in he city.
 

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