Image courtesy of Newmark Knight Frank

A 50,000-square-foot Star Market is the first retail tenant to commit to a new development planned at the 401 Park property in Boston’s Fenway.

The owners of the property, which includes the former Landmark Center and a life science tower under construction, are planning additional development on the site. Star Market will keep its existing store at 33 Kilmarnock St. open until the completion of the new location, estimated in 2024. Boston-based Samuels & Assoc. has agreed to purchase the existing Star Market property, which spans 1.5 acres.

Life science developer Alexandria Real Estate Equities joined Samuels & Assoc. as owners of the 401 Park and 201 Brookline Ave. lab property in a $1.52 billion deal that closed in February. The developers said they will seek approval this spring for an additional mixed-use building including the supermarket, replacing a small retail building next to the MBTA Green Line D branch tracks.

Shaw’s said the new store will include drive-up-and-go service and offer home delivery to the Fenway and Longwood Medical neighborhoods.

“For many years, we have aspired to incorporate a new, full-service grocery store for the Fenway neighborhood,” Peter Sougarides, a principal at Samuels & Assoc., said in a statement.

Star Market to Anchor Retail Space in New Fenway Development

by Steve Adams time to read: 1 min