Three Buildings Under Review for Revere Side of Suffolk Downs Site
HYM has submitted plans for three additional buildings, 2 mixed-use, and 1 hotel, on the Revere side of Suffolk Downs. These submissions come on the heels of approval for building R-1 a 57,000 square foot office/retail/restaurant building. Check out full details on each building below.
The proposed mixed-use R-3 Building, designed by PCA, would range in height from 8 to 15 stories. This building would feature approximately 335,000 square feet of residential space, comprised of a mix of micro, studio, one-bedroom, and two-bedroom units. The first floor of the building will consist of residential lobby spaces, retail and restaurant uses, approximately 32,000 square feet. The first three floors of the building would offer 191 parking spaces, as well as 7 additional tandem-parking spaces.
This proposed 8-story mixed-use building designed by Icon Architecture would sit on a 3.1-acre lot. This building has been designed to gradually transition the scale of the project from the low-rise R-1 Building to the taller structures proposed in the central portion of the Revere property. The R-9 Building will include approximately 328,000 square feet of residential space comprised of a mix of micro, studio, one-bedroom, and two-bedroom units. The first floor of the building would feature around 29,000 square feet of retail and restaurant space. A first-floor parking garage would include 190 spaces.
Designed by Procon, plans for Building R-2 call for a 6-story hotel building with first-floor retail space. The 77,000 square foot hotel would feature 159 rooms and include a restaurant/bar area with an outdoor terrace on the 5th level.
Site Plan Approved for First Building at Suffolk Downs
Revere has approved the site plan for the first building within the Suffolk Downs Redevelopment. Building "R-1" will include around 57,000 square feet of commercial space, office, retail/restaurant, and a multipurpose meeting space. A large, curved roof will cover the three-story building and distinguish the building as a place for new ideas and collaboration. On the southern side of the building, a series of steps leading up to a second-story terrace will overlook Beachmont plaza.
Revere Grants Site Plan Approval for Phase 1-R of Suffolk Downs: Roadway and Infrastructure Improvements
Revere has approved the site plan for the roadway and infrastructure improvements for the Suffolk Downs redevelopment. The work will consist of the construction of a roadway network, utilities, and a stormwater management system for the expected 16.2M square-foot development. As part of the five-phase project, the first phase is also expected to contain 1,870 residential units, 540,000 square feet of office/lab space, 175,000 square feet of retail, 260 hotel rooms, and 2,032 parking spaces. Construction on phase 1 is expected to last through 2024 with the full project build-out going through 2040.
Phase I of Suffolk Downs redevelopment moves forward, bringing 520,000 square feet of office space to East Boston
Live: 1.4 acres of open space, 2,500 square foot community space in building/plaza Work: 2,500 office jobs, 400 construction jobs Connect: 100 low-emission parking spaces, 19-dock bikeshare station Size: 520,000 square feet
Suffolk Downs Phase I represents a 1,092,655 square-foot portion of the larger 4,756,315 square foot parcel known as Suffolk Downs. Phase I includes 520,000 square feet of office space, in two approximately 260,000 square foot buildings, with supporting corporate space on the ground floor. Both buildings will be approximately 124 feet tall, and will include terraced outdoor spaces with a landscaped, open-air walkway between the two buildings. The two buildings will share approximately 500 parking spaces. Approximately 12 acres of existing open space will remain as-is, and approximately 1.4 acres of new open space will be developed, including pedestrian access to the adjacent Suffolk Downs MBTA Blue Line station.
The buildings will be designed with energy conservation measures to achieve an Energy Use Intensity (EUI) of 44 compared to 59 for conventional buildings, resulting in an approximate 24 percent energy usage savings and an approximate 22 percent reduction in stationary source greenhouse gas emissions. The project will integrate the stormwater management system into the open space network, to address potential increases in storm intensity due to anticipated climate change, in accordance with recent Boston Water and Sewer Commission guidance.
The project will include approximately 2,500 square feet of community space for use by the East Boston community, as well as a historical display commemorating the history of Suffolk Downs.
To increase safety at the vehicular entrance to the site, the site entrance at Route 1A and Tomasello Drive (a private onsite drive) will be improved to physically deter illegal left turns from the site onto Route 1A headed southbound, through construction of a barrier/extension of the existing Route 1A median, in partnership with MassDOT.
The project will result in a payment of nearly $3.5M in linkage funds for the Neighborhood Housing Trust, and nearly $700,000 for the Neighborhood Jobs Trust, to create affordable housing and workforce development opportunities.
16.5 million square feet of development envisioned at Suffolk Downs
A total of 16.5 million square feet of office, residential, hotel and retail space would be constructed at the 161-acre Suffolk Downs site in East Boston and Revere per newly revealed project plans. Approximately 11 million square feet of development would be located in Boston, with 5.5 million square feet located in Revere. New buildings up to 220 feet high would be constructed over a 15 to 20 year period, with construction of the first phase, two 260,000-square-foot office buildings located adjacent to the Suffolk Downs MBTA Blue Line station with up to 520 parking spaces, potentially starting as soon as early 2018 if Amazon chooses Suffolk Downs as the site for its’ second headquarters.
If Amazon selects Suffolk Downs, the only Boston-area site under single ownership that could accommodate Amazon’s desire for up to eight million square feet of office space with direct access to public transportation and proximity to an international airport, a total of eight million square feet of office space would be constructed at Suffolk Downs, in addition to 7,500 residential units, 830 hotel rooms and 550,000 square feet of retail likely including Whole Foods, Amazon Go, Amazon Books and other Amazon retail lines. A second, more residential-centric proposed development program would construct 5.25 million square feet of office space, 10,000 residential units, 670 hotel rooms and 450,000 square feet of retail. Under both project plans, 40 acres of Suffolk Downs, approximately 25% of the site, would be comprised of open space, with elements including an approximately 15-acre central common, a landscaped amphitheater and active and passive recreation areas scattered throughout.
Newly revealed renderings of the Suffolk Downs development are posted above. Suffolk Downs developer The HYM Investment Group has filed plans for Suffolk Downs with the Cities of Boston and Revere, who are now reviewing the proposed project.
HYM begins city review process for Suffolk Downs development in East Boston
The HYM Investment Group has filed a Letter of Intent (LOI) with the City of Boston to develop the 161-acre Suffolk Downs site in East Boston, which has emerged in recent weeks as a leading potential location for Amazon’s second headquarters, revealing new details of HYM’s vision for the site and formally starting the development’s official review process. HYM intends to construct active uses throughout the site, including residences, retail, office and lab space and hotel space. A 40-acre publicly-accessible open space system would be constructed, as would two new retail squares, Beachmont Square and Belle Isle Square, and a new “Main Street” retail district. The proposed development would create new connections to East Boston and Revere, and encourage use of the adjacent MBTA Blue Line with a walkable fabric. Bicycle paths and Hubway stations would also be created.
The Suffolk Downs development would be constructed in phases over a 15 to 20 year period, likely costing over $1 billion. Approximately 11 million square feet of development would be constructed in Boston alone; approximately 109 acres of the site is in East Boston, with approximately 52 acres in Revere. In the event that Suffolk Downs is chosen by Amazon as the location for its’ second headquarters, a 500,000-square-foot office building with ground-floor retail space, and related infrastructure and open space improvements, would be delivered by the end of 2019. “Redevelopment of the [Suffolk Downs] site provides a unique opportunity to create additional housing, spur economic development and improve connections between several adjoining neighborhoods,” said HYM Managing Director Tom O’Brien in a prepared statement. Through constructing a mixed-use, transit-oriented district at Suffolk Downs, O’Brien aims to make the site “attractive to employers of growing industries, which will enhance and expand job creation and economic opportunity.” The BPDA is now reviewing HYM’s proposed plans for Suffolk Downs. Additional details will be revealed in a Project Notification Form (PNF) filing in the coming months. HYM’s proposed development will also undergo review by the City of Revere.
HYM closes on Suffolk Downs acquisition for $155 million
The HYM Investment Group has closed on its' acquisition of the 161-acre Suffolk Downs property in East Boston for $155 million. The sale amounts to $962,732.92 per acre. Bank of the Ozarks provided $80 million in financing towards HYM's acquisition. Seller Sterling Suffolk Racecourse LLC acquired the property in July 1997 for $39,734,500, or $246,798.14 per acre.
Developer HYM buying 161-acre Suffolk Downs site in East Boston
The HYM Investment Group, the developer behind Bulfinch Crossing and other major Boston development projects, reportedly has a deal to acquire the 161-acre Suffolk Downs horse racing track site in East Boston. The Boston Globe reports that HYM could close on the acquisition by this summer. A sale price for the site has not yet been revealed.
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