212 Stuart Street, 19-story tower featuring 133 apartments and ground-floor retail, approved in Bay Village
212 Stuart Street, a new mixed-use tower located in Bay Village featuring 133 apartment residences and 3,000 square feet of ground-floor retail, was approved at last night (June 15th, 2017)’s Boston Planning & Development Agency (BPDA) Board Meeting. Resident amenities at 212 Stuart Street will include an outdoor landscaped rooftop deck with a southern exposure and sweeping city views, in addition to common space. 11 residences at 212 Stuart Street will be designated affordable; developer Transom Real Estate will also make a $3,309,507 contribution towards the creation of affordable housing in Boston. As part of the 212 Stuart Street project, public realm improvements will be made to the adjacent Church Street public plaza. 212 Stuart Street will require additional approval by the City of Boston’s Zoning Board of Appeals (ZBA) in order to proceed with construction.
New Bay Village residential tower renderings released
Developer Transom Real Estate has released new renderings of the proposed 19-story 212 Stuart Street apartment tower in Bay Village. The new renderings released provide perspectives of the tower’s ground floor and massing along Stuart Street. The latest 212 Stuart Street renderings are posted above.
Former Related Beal executives propose 19-story Bay Village apartment tower
Transom Real Estate, a newly formed real estate development entity comprised of three former Related Beal executives, proposes to construct a 19-story apartment tower in Bay Village. The tower, 212 Stuart Street, would feature 131 residential apartments with 3,000 square feet of ground-floor retail. The development team has submitted a Project Notification Form (PNF) for 212 Stuart Street to the Boston Planning & Development Agency (BPDA). 212 Stuart Street is now under official review.
Four contiguous vacant Bay Village parcels sell for $13.5 million
A total of four contiguous vacant parcels located in Bay Village sold today for a combined $13.5 million as recorded in the Suffolk County Registry of Deeds. The parcels sold total approximately 7,736 square feet of land area and include the following:
- 212 Stuart Street (3,183 square feet)
- 222 Stuart Street (3,151 square feet)
- 17 Shawmut Street (702 square feet)
- 19 Shawmut Street (700 square feet)
212 Stuart Street was sold today for $6 million to Stuart Acquisition 12 LLC, a limited liability company (LLC) registered in Massachusetts. The other three parcels were sold today with a separate deed for $7.5 million to Stuart Acquisition 22 LLC, a LLC registered in Massachusetts. The registered agent for both LLCs is law firm Sherin and Lodgen. The official buyer of the four parcels has not been disclosed.
Development has been proposed for the parcels in the past. An eight-story residential building was approved for construction by the Boston Redevelopment Authority for 212 Stuart Street in 2006; the approved building was never built. 212 Stuart Street's then-owner was Metropolitan Housing Partners of New York.
Hera Development Corporation of Brighton, MA acquired the 212 Stuart Street site in 2007 for $6.5 million and had an agreement to buy the other three adjacent parcels. Hera Development Corporation proposed to construct a 10-story office building in 2008; the proposed building was never built. The following is a rendering of the proposed building:
212 Stuart Street was sold in 2012 for $3.3 million by Hera Development Corporation to Northwood Investors, then-owner of Boston's Revere Hotel. A preexisting three-story commercial building at 212 Stuart Street was demolished in summer 2014. 212 Stuart Street changed hands again in December 2014 when it was sold for $5 million to Pebblebrook Hotel Trust, who also bought the Revere Hotel around the same time. 222 Stuart Street, 17 Shawmut Street and 19 Shawmut Street were owned by Vasilios Kotzampaltiris since 1983 and have been used as a parking lot.
The following is the deed for today's sale of 212 Stuart Street (sold for $6 million):
The following is the deed for today's sale of 222 Stuart Street, 17 Shawmut Street and 19 Shawmut Street (sold for $7.5 million):