Following years of financing and logistical challenges, a major Back Bay development finally appears to be making strides. Parcel 13 at Massachusetts Avenue and Boylston Street will house a 17-story mixed-use building at the intersection of Boston's Back Bay and Fenway neighborhoods.
This week, Charlestown-based developers Peebles Corporation filed a letter of intent for Parcel 13 with the Boston Planning & Development Agency. The developers plan to build a 12-story building and 17-story building that includes residential condominiums, a full-service luxury hotel, a 200-space parking garage and new MBTA station entrances.
2014 plans filed by Boston Development Group, Trinity Financial LLC and the Peebles Corp. had called for construction of "The Viola", though these have stalled and went. The project would have included 181 residences (condos and apartments), a 156-room hotel, 20,000 square-feet of retail and 6,800 square-feet of community space.
In a letter to the Boston Planning & Development Agency, Peebles consultant Mark Rosenshein said the developers have been working with transportation officials to understand the complex engineering and economic challenges of building on the site, and the plan now "represents a thoroughly understood and financially feasible development."
Across Massachusetts Avenue from Parcel 13, developers Samuels & Associates plan to break ground in the spring on a two-building project above the highway. Meanwhile, developers John Rosenthal will be breaking ground on the long-planned Fenway Center project.
As Parcel 13 continues to clear hurdles, you can stay up to date with development news and get the first word on residences for sale by signing up for a property alert below.