TH Real Estate

Notice of Project Change Approved for Phase 2 of Fenway Center With construction wrapping up for Bower (phase 1 of Fenway Center), the BPDA has approved an NPC for Phase 2 of the project. The change will adjust the mix of uses within Buildings 3 and 4 from a mix of residential, office, and lab uses to office/R&D/lab and life science. Parking has been reduced by 500 spaces in a fully automated garage while around 3,669 square feet of additional civic open space has been added. The project will sit on a podium to be constructed over the 8 lanes of the Mass Pike knitting the Fenway/Kenmore community together by creating a new connection between Beacon Street, Brookline Ave. and Lansdowne. Renderings: Gensler An opportunity to “Knit” the community An opportunity to “Knit” the community via connections from Beacon Street, to Lansdowne Station, to Brookline Avenue.via connections from Beacon Street, to Lansdowne Station, to Brookline Avenue.

BLDUP Sneak Peek: Bower BLDUP recently got an inside look at Bower, the first phase of the Fenway Center with Kelly Saito, Managing Partner at Gerding Edlen. It’s clear, even in its unfinished state, that this is not going to be just another luxury apartment building. While the exterior of the building features modern finishes and sharp angles biophilic design elements throughout the interior not only create an intriguing juxtaposition but will contribute to residents’ wellness. Bower features two buildings connected by a common podium. The first (the shorter building) offers 100 apartments set to open in May along with a roof terrace complete with fire pit and grills atop a comfortable resident lounge featuring skylights, a sizeable indoor planter, and other natural elements. Units offer Italian cabinetry including cabinet fronted appliances, beautifully tiled baths, ample closet space, and View Smart Windows. Bower is the first residential project in Boston to offer this technology which allows for automatic tinting throughout the day to keep residents comfortable while offering ample natural light. Not only does the View Glass provide a great resident perk, but it will also help the building conserve energy. The first building at Bower is expected to welcome residents in May. Residences at Bower feature Italian cabinetry and ample natural light via the View Smart Glass. The crown jewel of Bower, where we are sure residents will be lining up to relax is the amazing rooftop amenity space on the second/taller building set to open this summer. With 360 views of Boston including a look inside neighboring Fenway Park, the rooftop will offer a sizable swimming pool, cabanas, and lush plantings. Not only will this space look undeniably cool but the development team took an extra step to raise the deck allowing for space for a heat recovery system hidden under the trendy decor. Right below the roof deck, there is another resident lounge complete with an oversized skylight and more lush greenery. Downstairs generously sized residences again feature Italian cabinetry, this time a two-tone finish including upper cabinets in a lovely green. This building also houses space for the management office and resident fitness center rounding out a full suite of tenant amenities. The view from Bower’s roof deck amenity space At Bower’s ground levels one facing David Ortiz Way the other along Beacon Street retail/restaurant space rounds out the project. Saito tells us his team is actively in negotiations for these coveted spaces in a prime location so close to Fenway Park. A staircase and courtyard will offer a connection between Beacon Street & the lower level of the property plus a new pedestrian walkway will also connect Beacon and Bower itself to the Yawkey Commuter Rail Station. Preleasing for Bower is set to kick off sometime within the next 30 days with rents for the 312 luxury apartments expected to range from $2900 to $5800 per month.  https://www.bowerboston.com/

Interior Finishing Wrapping Up for Bower at Fenway Center Plus NPC Filed for Phase 2 Interior Finishing is wrapping up for Bower, the first phase of The Fenway Center, expected to open this coming Spring. Bower, will feature 312 apartments, 37,000 square feet of ground-floor retail and 200 underground parking spaces across two buildings. A 12,000-square-foot air rights deck and landscaped pedestrian walkway is also being added over Yawkey Station.  Residents at Bower will have access to both indoor and outdoor landscaping, an atrium, plus a pool and roof deck. Newly released renderings show sleek, modern finishes incorporating natural elements. Bower will also be Boston’s first residential project to utilize View Glass, allowing for the most natural light to reach residents without the need for pesky shades. Residents will be able to control the window tint through their smartphones, while the building owners will save on energy costs. As this first phase of the Fenway Center wraps up, a NPC has been filed for phase two of the development.  Key modifications include a shift in the proposed uses of Buildings 3 and 4 from a mix of residential, office, and lab uses to a mix of office/R&D/lab and life science. Updated plans also call for a  significant reduction of approximately 500 parking spaces while approximately 3,669 square feet of additional civic open space will be added.

Window and Facade Install Nearly Complete at Fenway Center In the shadows of Fenway Park, Phase 1 of the Fenway Center is taking shape as window and facade install is nearly complete. The first two buildings of this transformative project feature over 430,000 square feet of space and will include 312 residential units along with 37,000 square feet of ground-floor retail. The buildings will offer units sizes ranging from studio to 2 bedrooms. In total, the $600 million project will feature five new buildings, a total of approximately 550 residential units, 160,000 square feet of office space and over 50,000 square feet of retail will be built at Fenway Center,

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.   

Bellingham Business Center Acquired for $25.1 Million Bellingham Business Center has been acquired by TH Realty for $25.1 million. Bellingham Business Center is a 209,950 square foot office/storage/distribution facility currently occupied by Ninety-Nine Restaurants and the Ethan Allan furniture and home accessories company. The building’s exterior features a combination of masonry and an insulated panel system with curtain wall and glass entrances. There are multiple entrance towers to allow easy access and improved traffic flow through the busy facility.

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.

Norges Bank Acquires Stake in 501 Boylston Norges Bank Real Estate Management has acquired a 49.9% stake in 501 Boylston for $290.9 million from TH Real Estate. The property is an iconic Boylston Street building that was constructed in 1941. The 10 story building amasses 607,685 square feet and connects Boylston and Newbury Streets while comprising nearly an entire city block.

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.