MassDOT puts Kneeland Street development site up for sale

MassDOT has put its' 7.5-acre Kneeland Street property, SouthGate Boston, up for sale with a minimum bid of $167 million for the property's 5.5-acre core parcel (comprised of MassDOT Parcels 25 and 26). A third 2-acre parcel (MassDOT Parcel 27A) surrounded by highway access roads and connected to the core parcel via an access road is now also being offered for an additional minimum bid of $5 million. All bids must include the core parcel; bidders are not required to bid on Parcel 27A. A locus map of the parcels can be found above.

Per MassDOT's Invitation to Bid (ITB) for SouthGate Boston, the State envisions an "iconic, mixed-use, Transit-Oriented Development with significant height and density." The project should "provide attractive and useable open space linked to the communities." Any housing proposed at SouthGate Boston should provide "an enhanced percentage of affordable and workforce units;" per the ITB, at least 20% of any housing units developed must be designated affordable.

Per the ITB, buildings within 50 feet of Kneeland Street shall not be greater that 125 feet in height. The developer must build a deck over Interstate 93, which runs through the site. The existing Reggie Wong Park must be retained and improved. MassDOT will have the right to lease the existing SouthGate Boston property for up to three years after the sale. The developer will also have to construct a replacement for the existing Veolia steam plant.

All development bids for SouthGate Boston are due by 2 PM EST on Friday, March 3rd, 2017. The following is a link to the official Invitation to Bid for SouthGate Boston.

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