Fenway’s Facelift and New Boylston Street Development Proposed

The Fenway area of Boston is not only the epicenter of Red Sox Nation, it’s also a great place to see a concert at the House of Blues , find a bite to eat (think Audubon Circle , Jerry Remy’s , Eastern Standard , Game On! , the Cask ‘n’ Flagon , Boston Beer Works , La Verdad , the Landsdowne Pub , Burton’s , etc.), inject some culture into yourself at the Museum of Fine Arts or the Isabella Stewart Gardner Museum , and access to world-renowned hospitals.  Clearly, with all these neighborhood amenities, it should go without saying that it’s not only a great place to invest in property it is also a great place to call home!

A recent article in the Boston Globe highlighted the interesting dichotomy that the neighborhood is experiencing – Fenway Park is set to turn 100 years old in 2012, and as it becomes a national historic landmark fixed forever in time, the area around it is set to become more and more modern.

Fenway Park Red Sox Game

I’ve been blessed to visit Fenway Park hundreds of times over the past few seasons, and the area, though never blighted, does seem to be benefiting from a minor facelift.  Of course, Restaurant Row, burned down and rebuilt on Peterborough Street, was a facelift that would have been entirely unnecessary had it not been for the fire that devastated it. However, improvements like converting the old gas station into the new Tasty Burger and building  a new market which sells fresh, local produce are welcome changes.

The condominium complex at 1330 Boylston Street, said to be home to notable Red Sox players including Dustin Pedroia, is a prime example of successful mixed-use development, with businesses and restaurants, like Upper Crust, on the first floor and condominiums above.

A new tiered development condominium project is slated to be constructed right down the street from 1330 Boylston Street, at 1282 Boylston Street.  The President of Abbey Group, the project’s developers and also the developers of the nearby Landmark Center back in the 1990s, has promoted the project as one that “targets a multigenerational group of people”.  Currently just a vacant parking lot where McDonald’s once stood, the site has an anticipated completion date of 2014, and would be comprised of studios and one, two, and three-bedroom luxury units, 20 of which would be designated as affordable housing.

Similar to the success of 1330 Boylston Street, 1282 Boylston Street hopes to emulate some of the same mixed-use development strategies by assigning the first three floors of the building as office space and the street level as shopping, restaurant space, and community space.  The project is currently awaiting a series of approvals from the Boston Redevelopment Association.

Though it’s a little early to be able to call 1282 Boylston Street your home, there are plenty of nearby condos available, and, truly, what better way is there to declare your love for the hometown (and soon to be 2011 World Series Champions) the Boston Red Sox?!  To get into the Fenway market today, contact a member of the Condo Domain team to start your search.

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A Real Estate Blog by CondoDomain