In the rush for development approvals before the end of the Menino administration, Boston Properties and Delaware North Companies have garnered a “blighted area” designation from Boston City Hall that would allow for a sizable tax break on the $1 billion Boston Garden Project, according to Thomas Grillo of the Boston Business Journal.
The City is also expected to approve the full height of a proposed 600-foot tower that drew criticism from members of the citizen’s Impact Advisory Group selected to advise city officials on the project. A Boston Redevelopment Authority board meeting is set for December 19th and it will be the last under Mayor Menino’s watch.
In addition to the proposed 45-story residential tower (600′ high), the phased project will include two smaller towers, a 25-story office building (420′ high) and 20-story hotel (350′ high). Below grade parking and a four story entertainment complex comprises the foundation of the project. There is no word yet as whether the developer will be able to secure a supermarket operator for the ground floor. A supermarket is currently planned for the site, but not obligated as part of the project.
Read the Boston Business Journal article, Menino, Boston Properties reach deal on TD Garden project.