Work Continues on Building Envelope for The Fenway Center
Window and facade install is underway for Phase 1 of the Fenway Center. These first two buildings in the project will feature over 430,000 square feet of space to include 312 residential units along with 37,000 square feet of ground-floor retail. Units will range in size from studios through 2 bedrooms and construction is expected to be complete in the first quarter of 2020.
The second phase of the project will then include 3 additional buildings, a 27-story, 375,000-square-foot mixed-use office, and residential tower, a 7-story, 111,000-square-foot residential building and a 7-story, 274,000-square-foot parking garage on the air rights deck.
Construction Continues on Phase 1 of The Fenway Center
Phase 1 of the $600M Fenway Center project is rapidly moving forward with the first two buildings in the project at or very near full height. These two new residential buildings will feature 312 apartments along with 37,000 square feet of ground-floor retail space. A large deck and landscaped walkway will also be constructed over Yawkey Station. The buildings are designed to be highly sustainable and are expected to reach a LEED Gold certification. The first occupancy is expected here in Q1 2020.
Fenway Center to Utilize View Smart Windows
Structural steel is nearing completion for the first phase of The Fenway Center. Two new residential buildings are rising that will feature a total of 312 apartments and 200 underground parking spaces. The project will also include ground floor retail and a landscaped pedestrian walked over Yawkey Station. The development team is expecting occupancy of Phase 1 in the first quarter of 2020.
The Fenway Center will be one of the first projects in Boston to utilize View Dynamic Glass. This game-changing technology creates a comfortable environment for residents by bringing in more natural and light while minimizing heat and controlling glare. The 37,000 square feet of View Dynamic Glass will provide a unique amenity for the project. Matt Edlen of Gerding Edlen, the project developer told BLDUP “View is an opportunity to partner with an incredible emerging company providing a world-class technology that has not only a substantial impact on reducing building energy consumption but is designed to provide long term resiliency as it adapts with changing climate trends. It is a reflection of the core values of our entire partnership team and our continued efforts to develop impactful, highly sustainable real estate.”
Framing Begins for The Fenway Center
Two tower cranes are in place and framing has started for the first phase of the Fenway Center. This part of the project will include 2 mixed-use buildings to hold 312 apartments and around 37,000sf of ground floor retail space. Construction on Phase 1 is expected to be complete in early 2020.
The $600M project will also add significant green spaces, pedestrian-friendly walkways, and an elevated streetscape, enhance this corner of the Fenway neighborhood. Fenway Center will also feature one of the largest private solar power plants in MA, and the MBTA's first net-zero-energy train station.
Garage Foundation Work Begins at Fenway Center
Matt Edlen of Gerdling Edlen tells BLDUP via email that they have completed earthwork on the site and have started working on the garage foundation. The $240 million Phase 1 of the project will feature 2 residential buildings totaling around 340,000 sf. The underground garage now in process will include 200 parking spaces. Construction on Phase 1 is expected to be complete in early 2020.
In total, the Fenway Center development will cost around $600 million and contain 1.1-million-square-foot of mixed-use space including approximately 550 residential units, 160,000 square feet of office space and over 50,000 square feet of retail.
Site Work Begins on Phase 1 of the Fenway Center
Site work is underway on Phase 1 of the Fenway Center in Kenmore Square. This first phase of the $600 million project is set to include two residential buildings containing 312 units and around 37,000 sf of retail space. Construction on Phase 1 is expected to be complete in early 2020. Three additinoal buildings will then be constructed for phase 2 including a 27 story mixed-use building, a 111K sf residential building and a parking garage. In total the Fenway Center project will bring around 550 residential units, 160,000 sf of office space, and 50,000 sf of retail to the neighborhood.
Fenway Center secures ground lease and construction financing, groundbreaking planned mid-January
Fenway Center joint venture partners Gerding Edlen, TH Real Estate and Meredith Management have signed a $21 million long-term ground lease with the Massachusetts Department of Transportation (MassDOT) for Phase I of the project and secured over $136.5 million in construction financing through The Union Labor Life Insurance Company, allowing construction of the project to begin after years of delays. Construction of the $240 million Phase I is scheduled to begin immediately, with a groundbreaking ceremony planned for mid-January. Starting the week of Monday December 11th, logistics for Phase I’s construction will begin to be put in place on site.Phase I of Fenway Center will take two years to construct, with completion expected in early 2020. Phase I will feature two buildings with 312 apartments, 37,000 square feet of ground-floor retail and 200 underground parking spaces. A 12,000-square-foot air rights deck and landscaped pedestrian walkway will also be constructed over Yawkey Station as part of the project.
Fenway Center’s much-anticipated groundbreaking represents the culmination of years of work. The project was first proposed in 2002 by Meredith Management. “We are very pleased that this important project for the Commonwealth of Massachusetts and the City of Boston will finally be realized,” said Kelly Saito, a Partner at Gerding Edlen, in a prepared statement. “Fenway Center’s phenomenal location, the vibrancy of the surrounding neighborhood and the continued demand for housing in the Boston market make this a great time to start construction.” “It is extremely gratifying to achieve this milestone for the project,” said co-developer John Rosenthal of Meredith Management in a prepared statement. “I could not have asked for better partners than Gerding Edlen and TH Real Estate to bring Fenway Center to life.” “Boston is thriving and remains a target for institutional investors around the globe,” said Pamela West, TH Real Estate’s Regional Head of Multifamily Transactions, Northeast, in a prepared statement. “The city’s live/work environment has attracted companies from the suburbs and increased demand for housing and mixed-use properties, and we are pleased to join our partners on this project.”
Upon full completion, Fenway Center will represent a $600 million investment in the Fenway neighborhood, generating $5.7 million in property taxes per year. The project will feature a total of approximately 550 residential units, 160,000 square feet of office space and over 50,000 square feet of retail, in addition to over 30,000 square feet of park and green space. Discussions are ongoing between Fenway Center's developers and MassDOT regarding the lease agreement for Phase II of the project. The developers are required to close the Phase II lease by December 2020.
Fenway Center developers finalizing air rights lease, construction launch expected this Fall
Developers John Rosenthal and Gerding Edlen have been granted an extension through the end of September to finalize their 99-year state lease for the Massachusetts Turnpike air rights necessary to build the 1.1-million-square-foot Fenway Center, which is now expected to start construction work this Fall. Initial preparation work could commence as early as September on the $230 million first phase of the $590 million, two-phased project. The first phase will be constructed next to the Massachusetts Turnpike on existing parking lots bounded by Beacon Street, Maitland Street and Yawkey Way.
The developers and the state had originally faced a June 30th deadline to finalize the lease; however, appraisals of the property took longer than expected. In an interview with the Boston Herald, State Transportation Secretary Stephanie Pollack said the state agreed to extend the deadline to September given that the developers have been “meeting milestones and getting things done,” and that there has been “a lot of progress in recent months.” The developers will pay the state $21 million once the lease is finalized. Fenway Center will feature five buildings containing approximately 550 residential units, 160,000 square feet of office space and over 50,000 square feet of retail, in addition to over 30,000 square feet of on-site park and green space and 1,290 parking spaces.
Waterfront restaurant nears completion at East Boston’s The Eddy, luxury apartments now leasing
Interior fit out of Reel House, the upcoming 5,000 square foot waterfront seafood restaurant at The Eddy in East Boston, is nearly complete in advance of Reel House’s opening this Spring. Reel House will serve a “globally coastal seafood menu” and will feature a dining area with seating for over 200 people, two mahogany bars and a large outdoor patio. Sweeping views of the Boston skyline will be visible throughout the Reel House space.
Luxury apartment residences are now leasing at The Eddy. With unparalleled resident amenities including a top-floor roof deck with sweeping views, a second-floor pool deck with a fire pit and barbecues, a fitness center and a communal lounge space as well as the upcoming Reel House restaurant, The Eddy will conveniently enable a live, work and play lifestyle. For more information about leasing apartments at The Eddy and to schedule a private showing, please call 866-318-2748 or click Contact Broker above. The following are photographs of The Eddy and the upcoming Reel House restaurant:
Reel House, globally-inspired waterfront seafood restaurant, opening at The Eddy in East Boston this springReel House, a new waterfront restaurant featuring a "globally coastal seafood menu," will open this spring at The Eddy, the East Boston Waterfront's newest luxury building. Led by award-winning Executive Chef Marc Orfaly and owned by Navy Yard Hospitality Group, Reel House will serve a distinctive seafood menu with "a fusion of flavors" and "approachable plates" inspired by worldwide waterfront cuisines.Designed by Sousa Design Architects, Reel House's 5,000 square foot waterfront space overlooking Boston Harbor will be open 7 days a week for lunch, brunch and dinner. The space will accommodate over 200 seated diners across a main dining room, 2 mahogany bars and a large outdoor patio facing the Boston skyline. A complimentary boat shuttle will connect Reel House and The Eddy to the Charlestown Navy Yard and Navy Yard Hospitality Group's Pier 6 waterfront restaurant. Visit ReelHouseBoston.com for more information about Reel House.Luxury apartment residences are now leasing at The Eddy. In addition to the upcoming Reel House restaurant, Eddy residents have access to amenities including a top-floor roof deck with unparalleled views of the Boston skyline and Boston Harbor, a second-floor pool deck and more. Click "Contact Broker" above or call 617-561-9600 for more information about leasing apartments at The Eddy. The following are renderings of the Reel House restaurant space:
Fit out underway for waterfront restaurant opening Spring 2017 at The Eddy
Interior fit out work is underway for Navy Yard Hospitality Group and Chef Marc Orfaly’s waterfront destination restaurant opening Spring 2017 at the iconic new Eddy apartment building in East Boston. The restaurant will be located on The Eddy’s ground floor and will feature sweeping views of Boston Harbor and the Boston skyline. Open since Fall 2016, The Eddy features 258 luxury residential apartments with picturesque views. Call 855-534-3833 for information about leasing apartments at The Eddy. The following are photographs of The Eddy:
Enjoy luxurious waterfront living with sweeping skyline views at The Eddy
The Eddy, a luxurious new 258-unit waterfront apartment tower overlooking the Boston skyline, is now leasing. Eddy residents will enjoy amenities including a waterfront resident lounge graced with exquisite artwork, a panoramic furnished roof deck and sweeping skyline views from every corner. A new waterside restaurant will open at The Eddy in Spring 2017. Call 855-534-3833 for more information about leasing apartments at The Eddy and to schedule a tour of the building. The following are photographs of the Eddy roof deck:
The following are photographs of an apartment at The Eddy:
The following are photographs of amenities at The Eddy:
The following are exterior photographs of The Eddy: