- May 28, 2006
- Reaction score
Time to start a thread for this project. This is reposted from the Bulfinch Triangle thread:
And the new piece, 7/19/08:Group files Bulfinch complex plan
By Donna Goodison
Tuesday, July 1, 2008
Boston Development Group has filed plans with the city for The Merano, a 444,000-square-foot, mixed-use development in Boston?s Bulfinch Triangle near North Station.
The project would include 213,000 square feet of office space, two Marriott hotels and retail and restaurant tenants. The proposed location is Parcel 1B, Massachusetts Turnpike Authority land made available when the elevated Central Artery came down, and two adjacent parcels.
Boston Development has financing in place for the $160 million project, according to Richard Wakeman Jr., vice president of acquisitions and development. ?We would hope to be permitted this fall and break ground at the beginning of the year,? he said.
The planned hotels are a 153-room Courtyard by Marriott and a 121-room, extended-stay TownePlace Suites. Both are moderately priced brands. Their lobby would be on the third floor of the building, which would have 226 valet parking spaces on the second level. The ground floor would be dedicated to 36,000 square feet of stores and restaurants.
The Pike chose Boston Development as the site?s developer in 2006. The Newton company?s original proposal included housing units and the construction of three stories on top of its existing buildings at 239 Causeway St. and 98 North Washington St. But rental housing is difficult to finance right now, and a desire to preserve the views from the Strada234 condo building prompted the changes, Wakeman said.
The company named the project after the northern Italian city of Merano to tie it to the North End.
Community support for it is expected, said Robert O?Brien, executive director of the Downtown North Association. Boston Development is a well-known property owner in the neighborhood. The community helped create the Bulfinch Triangle redevelopment guidelines and was involved in the competitive bidding process to select the developer, he said.