This week, Boston based developers Thibeault Development have proposed redevelopment of a vacant Newbury Street building to include 36 micro apartments and 49 extended-stay executive suites.
The building, at 601 Newbury Street, is located just outside of Kenmore Square, across the Massachusetts Turnpike by Fenway Park. The new renovation would include a four-story addition, at a cost of $10.2 million.
The proposed project at 601 Newbury would include renovating the existing three-story building and adding four stories atop the current structure. The bottom four floors would house the 49 executive suites, ranging in size from 233 to 396 square feet. The suites will be extended-stay rooms with kitchens, Thibeault said. The upper three floors will house 36 micro apartment units, ranging in size from 302 to 396 square feet.
The building will be ideally situated within close proximity to several bus routes and the Kenmore MBTA Station, making it convenient for future resident commuters. The Project is in close proximity to Charlesgate Park and the many fields and gardens between Park Drive and Fenway Street, which will give residents of the building access to usable open green space to utilize.
The building will include ample community space and will include: a fitness room, remote workstation space, theatre/media room, and lounge. The Developer is proposing three parking spaces to serve as a pickup and drop off area to allow for access for small deliveries as well as ride sharing vehicles. Additionally, an interior bike room will be provided which will house forty-three bikes, which will encourage residents to use alternative means of transportation.
The initial design for the building redevelopment was submitted with Somerville-based Khalsa Design Inc. prior to the coronavirus pandemic. The developers remain confident that there will be renewed demand for housing and extended-stay hotel rooms once the economy bounces back.
“Covid’s going to pass, just like everything. Boston’s such a strong market,” William Thibeault said. “You just try to design and build for the future, and hopefully this will be over sooner than later, and we’ll just try to get back to normal.”
“The proposed design will blend the contemporary look and feel of the existing commercial structure with the more modern and contemporary look of many of the new buildings that surround Kenmore Square,” the Nov. 3 BPDA filing states.
Thibeault Development anticipates breaking ground this Spring and completing construction by Fall 2022.
Sign up for a Property Alert and get the first word on project updates and when these residences hit the market!