Fenway Development Decision Expected This Week

The Boston Redevelopment Authority is deciding Thursday night this week whether or not to approve plans for a new $315 million project near Fenway Park in Boston. Samuels & Associates, led by real estate developer Steven Samuels, plans for the Boylston Street corridor would add two new buildings at 1325 Boylston Street and 132 Brookline Avenue replacing existing low-rise buildings and parking lots. The company would like be begin construction on the project in spring of next year.

The $250 million dollar Boylston Street development will feature two towers up to 168 and 178 feet, with one planned for commercial use and one for residential use with approximately 150 rental units. The plans include 25,000 square feet of ground floor retail, in addition to 140,000 square feet of anchor retail, and a maximum of 575 underground parking spaces.The $65 million dollar Brookline Avenue site proposal calls for a 17-story building with 5,000 square feet of ground floor retail space and approximately 150 rental units.

Peter Sougarides, executive vice president of development for Samuels & Associates, told the Boston Globe that the firm is in final discussions with Target about opening a store on two floors of the multitiered building, which would have offices in an 11-story brick section and residences in a 13-story glass part of the structure.

If approved, this project would be the company's third in the area in the past decade; Samuels also developed the shops and residences at 1330 Boylston Street and a larger mixed use complex call Trilogy. The company also recently purchased the Landmark Center retail and office complex, and, according to The Boston Globe, is considering an expansion on that property.

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