Motor Mart Garage Update
$250 Million Development of Motor Mart Garage
CIM Group and Boston Global Investors have submitted a detailed project notification for the redevelopment of the Motor Mart Garage. The plans call for a 20 story tower to rise out of the existing building (for a total of 28 stories). In total approximately 390 residential units (apartments and condos) would be created, ranging in size from studios to three bedrooms. 672 of the current 1037 parking spaces will be retained and around 46,000 square feet of retail space will be renovated.
John Hynes of BGI tells BLDUP the team expects to start construction in October of this year with an anticipated completion in May 2022.