Tim Logan said:In a $235 million deal that could reshape UMass Boston’s campus and the Columbia Point section of Dorchester, University of Massachusetts officials on Thursday voted to turn the site of the old Bayside Expo Center over to Accordia Partners, a Boston firm headed by two veteran developers.
The board of UMass, and its Building Authority, said they have reached a deal on a long-term lease for the 20-acre site, which Accordia plans to turn into a large-scale office and housing development alongside the UMass-Boston campus. University officials promised to pump the proceeds from the lease agreement into new buildings and infrastructure for the cash-strapped campus.
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Nice investment UMass Boston!!!!!!
May 2010 - $18.7 million purchase
February 219 - $235 million sale
Now there is a positive story!!!!!
What's the FAA limit here!! BUILD TALL (just going with the prevalent archboston narrative).
Although I hope they can build something better then Harbor Point. Harbor Point just seems so suburban. Plus i'm not a big fan of gated communities, where was the CLF when that was built?
This is what was kicked around for the olympics. Id expect something similar to this density wise but shorter. Im not sure why they would want a little downtown area. The tracks and Morrissey cut it off from the rest of the neighborhood, the rotary is a mess, and its kind of separated from JFK. Its a peninsula so not much through foot traffic and its separated from Southie by carson and only connected by 1 road. I think housing would be the best bet, Im not sure how much sense it makes for a lot of retail. I think transit oriented housing with city/ocean views is the best sell.
And if somehow sea level rise doesn't flood the area in 99 years, then UMass Boston gets it back after the 99 year lease. Which is a perfectly acceptable time horizon for a University that will hopefully be around that long. Quite a good deal for Umass Boston.
Well it doesn't look good according to the climate ready maps...
But that just means we need to require any development here to invest in 'resilience' measures that protect it and its neighbors. Lets not do another seaport...
Yea I agree some necessary things would be great for the area. A couple restaurants, bars, corner store type stores for your general living items...etc for the foot traffic and current residents living in the area along with these new residents, but I dont think it can sustain a mini seaport which it sounds like they are hoping for. Maybe, but I personally dont see it.
That said, it's a bit more remote from the T station, so we probably do need to look at some sort of good circulator bus (or street car) connecting the area to the Red Line.
Are there examples of real, successful TOD that link to subways via shuttle bus? Genuinely curious. It seems a rather tenuous prospect to me.
Yes, they should definitely raise the area at least 3 to 6 feet to try and get ahead of sea level rise and mitigate storm flooding. Easier to do it now than to try and do it after there are a dozen mid rise buildings.
Boston's next mega-project is starting to take shape: Developers want to build 5.9 million square feet of housing, labs, offices and retail at the Bayside Expo site in Dorchester.
At nearly 6 million square, Accordia’s Dorchester plans represent about half the size of Boston’s Seaport submarket, and is equivalent to all of the office and lab product added to that neighborhood since 2006, said Aaron Jodka, managing director of research and client services at Colliers International in Boston. It would be about 9% of the 66.5 million-square-foot office market of Boston's central business district, said Liz Berthelette, research director at Newmark Knight Frank in Boston.