Developer buys 119,034 square foot Hyde Park parcel next to Readville transit station for $2.1 million

Local developer Ad Meliora has acquired 1717 Hyde Park Avenue, a 119,034 square foot parcel in Hyde Park located next to the Readville transit station on the MBTA Fairmount Line. Sale price was $2.1 million.

UPDATE: Universal Hub reports that Ad Meloria recently held an informal community meeting in which preliminary plans were presented for a 240-unit apartment building at 1717 Hyde Park Avenue. 31 units would be designated affordable and rented to households making no more than 70% of area median income (AMI).

Three buildings rising up to five stories are currently proposed along with a five-deck parking garage with 400 parking spaces. The buildings would have special insulation to buffer noise from passing trains. A formal Letter of Intent has not yet been filed for the project. The following is a preliminary rendering by project architect Prellwitz Chilinski:

Ad Meliora is currently co-developing Washington Village, a major proposed South Boston development project that would bring approximately 650 residential units and 98,600 square feet of retail space to Andrew Square across 217,800 square feet of land. The following is an aerial view of the proposed Washington Village:

Ad Meliora also owns 511 Dorchester Avenue, a potential development site in Andrew Square totaling approximately 279,050 square feet.

Ad Meliora is the third developer to invest in Hyde Park of late. G. Greene Construction Co. recently bought an 87,780 square foot parcel at 1591-1619 Hyde Park Avenue, steps from 1717 Hyde Park Avenue, for $2.1 million. HP Properties LLC recently bought two adjacent parcels in Hyde Park's central business district totaling 18,685 square feet for a combined $1.2 million.

The following is the deed for the sale of 1717 Hyde Park Avenue to Ad Meliora:

More information about 1717 Hyde Park Avenue is posted below.

View Residence at Readville Station >>