Boston Developer Wins Motor Mart Acquisition
Related Beal says it is the new owner of Boston’s Motor Mart garage, but what will happen to the prior owner’s plans for a condo tower?
Related Beal says it is the new owner of Boston’s Motor Mart garage, but what will happen to the prior owner’s plans for a condo tower?
Owners of a historic parking garage approved for a high-rise condominium project in Boston’s Park Square have placed the property on the market.
The next generation of developments with the potential to reshape the Boston skyline are under threat from a combination of higher construction costs, rising interest rates and questions about the region’s housing market.
The $525-million Motor Mart Garage redevelopment in Back Bay will add 231 condos in a new 310-foot tower and provide financial support for a planned 85-unit affordable housing complex in Chinatown.
Newly filed redevelopment plans for the Motor Mart Garage property in Boston call for a 20-story tower containing 306 apartments and condominiums, and a steep decrease in parking capacity.