This week, Paul McMorrow writes two insightful articles in Banker & Tradesman regarding the fate of two parcels adjacent to the North End, Parcel 9 (abutting Haymarket/ Blackstone St) and Parcel 7 (garage with vacant space). Both parcels are in the long awaited, but still non-existent “Market District” across from the Greenway’s North End parks.
The unfinished business refers to the Massachusetts Turnpike Authority’s failure to designate a developer for Parcel 9. This was the last opportunity before MassPike merges with other state transportation agencies. The favorite going into the meeting was Eastat’s $40 million residential apartment project with the ground floor dedicated to space for a public market including Haymarket vendors. However, the Boston Museum has been very aggressive in making its last minute pitches, despite the need for a lengthy capital campaign to fund its $120 million proposal.
Last week, MassPike discarded the two bidders for Parcel 7 indicating that neither would generate enough revenue. McMorrow questions that conclusion, “Previously-confidential documents obtained by Banker & Tradesman show the Pike turned down a deal from Boston-based developers WinnCompanies that would have paid top-market rents and returned all but a modest slice of revenues to the Authority.”
McMarrow goes further in speculating that Parcel 7 was put on the backburner to clear the way for a quick path on Parcel 9. His sources indicate the agency, “will need a way to speed construction while appeasing the Haymarket Pushcart Association, which has used Parcel 9 for trash and storage. Storage could move to the garage building’s still-vacant retail space” on Parcel 7.
For now, the vision of a year-round public market centered around these two parcels remains clouded. McMarrow quotes the BRA pondering the same questions, “We understood the board would be taking a vote today,” Boston Redevelopment Authority director John Palmieri told Banker & Tradesman. “I’m surprised they failed to act.”
NEWNC Sends Letter on Parcel 9
Boston Museum Makes Final Push For Parcel 9
Parcel 9 Apartment Plan Sounds Close to Approval
Parcel 9’s Haymarket/Blackstone Street Bids
North End Groups Send Joint Letter on Parcel 9