A high-visibility potential redevelopment site on Route 9 has been acquired by City Realty Group with plans for housing and new commercial uses replacing a 60-year-old office park.
Allston-based City Realty acquired the 5.3-acre property at 1280-1330 Boylston St. for $41 million. The site represents one of the town’s “most significant mixed-use development opportunities” in decades, City Realty said.
The property is the largest located within Brookline’s Chestnut Hill Commercial Area study district along a section of Route 9 from Dunster Road to the Newton city line, which could result in rezoning for mixed-use projects.
What else is on tap today?
- Sponsored Content: Webster First’s Guide to Mortgage Solutions
- New Cambridge Food Hall: The latest stage of the CambridgeSide property’s evolution brings local vendors with a global accent to a revamped food hall, CanalSide Food + Drink.
- Fed Taking Its Time: The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year.
- Everett Stadium Bill Advances: Legislation paving the way for a soccer stadium in Everett scored a favorable committee report, and while the bill’s hometown sponsor is revved up about “getting everything going,” the bill appears to be on the Senate backburner for at least this month.
Who’s on the move?
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Show me the data!
Here’s who’s leading the pack among Hampshire County mortgage lenders.
What did I miss?
Here’s what you might have missed in Sunday’s newsletter. Not a B&T subscriber? Fix that here.
- While suburban office tenants downsize, brokers and developers are eying Gov. Maura Healey’s proposed climate tech investment bill as a source of new demand.
- New research suggests Millennias’ turn to the suburbs may have been motivated by the lack of affordable and right-sized housing in urban areas.
- Developers closed on financing for an estimated 345,000-square-foot research center in Raymond L. Flynn Marine Park that’s leased to Vertex Pharmaceuticals.
