Chinese developer Gemdale Properties and Investment Corp. is teaming up with Houston-based Hines to resuscitate the South Station air rights tower project.

Boston Redevelopment Authority directors are expected to vote Thursday whether to assign the development rights to a new development company, South Station Investors I LLC. Hines would be the managing member and development manager.

The massive development approved in 2006 calls for 1.5 million square feet of office space, up to 195,000 square feet of residential units, a 245,000-square-foot, 200-room hotel and 755-space parking garage on 8 acres, including 348,010 square feet of air rights development.

Hines Interests LP has discussed modifications to that development program, but has not submitted any formal proposals, BRA spokesman Nicholas Martin said.

The project would be built on two MBTA and BRA air rights parcels above and next to the South Station rail yard. The MBTA has agreed to convey its air rights to the BRA at no cost subject to the requirement that the developer build an expanded bus terminal, according to a memorandum from BRA director of development review Jonathan Greeley. The BRA would then convey the project parcels to the developers under a land disposition agreement.

Gemdale developed more than 30,000 condominiums in 25 Chinese cities in 2013 alone, according to a press release. It’s been expanding into the U.S. through partnerships with developers including Lincoln Property Co., with plans for an office tower in downtown San Francisco. In September, it announced it was partnering with Los Angeles-based LaTerra Development on a $125 million mixed-use project in Hollywood.

Hines Adds Chinese Partner For South Station Tower

by Steve Adams time to read: 1 min
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