Fenway

New Development Spotlight: Pierce Boston

Coming Soon to the Fenway! 

Scheduled to open in fall 2017, Pierce Boston will be the newest addition to the Fenway, one of Boston’s most dynamic neighborhoods.

Located at the intersection of Boylston Street and Brookline Avenue, this 30-story glass tower will serve as a gateway to the Fenway area and will allow for a pedestrian link to Fenway Park, Landmark Center, the Emerald Necklace, and the Longwood Medical Area. Samuels & Associates, the developer who has most recently brought us the Van Ness, and Landsea, a China-based real estate company, have entered a joint venture to carry out this highly anticipated project.

Pierce Boston will house both retail and residential units, including 109 condominiums and 240 apartments that will range from studios to one-, two- and three-bedroom units. News of the ground floor retailers has not yet been released. For those looking for parking, the project will directly connect to the Trilogy underground garage. Pierce Boston is also a short walk from the Fenway stop on the MBTA Green Line D branch, various bus routes and approximately half a mile to the transit hub in Kenmore Square.

Wrapped in a curtain wall designed by Arquitectonica, a world-famous architectural firm based in Miami, FL, the building is designed to maximize 360-degree views of Boston, Cambridge, the Charles River, and the Emerald Necklace. Lifestyle amenities will include an outdoor terrace and pool located on the roof level that will offer sweeping views of the Emerald Necklace park system.

The Sales Gallery is scheduled to open this fall.

 

Fenway Development News

Fenway Point will be located at 1395 Boylston Street, at the intersection of Boylston Street, Brookline Avenue, and Park Drive. The latest plans for the 24-story building call for 240 apartments, 109 condos and about 20,000 square feet of retail over 30 floors.

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Fenway Property Values Fastest Growing in City

By Eddie Small, Boston Courant

"Property values in the Fenway have skyrocketed faster than those in any other part of Boston since the mid 1990s."

Between 1994 and 2013, the median price for residential property in the Fenway jumped 407% (Department of Neighborhood Development).

Value increases in other Boston neighborhoods, 1994-2013:

  • East Boston: 392%
  • South End" 329%
  • Back Bay and Beacon Hill: 227%

"The Fenway's amenities and access to transportation help make it a particularly attractive neighborhood for the young."

Some describe the higher prices as destabilizing, putting pressure on the long term residential portion of the neighborhood that's getting squeezed out.

With new residential developments coming to Fenway, we will keep an eye on how the neighborhood continues to evolve. One thing's for certain, though: go Sox!

https://twitter.com/BostonCourant/status/439435354374799360

For the full article, pick up a copy of this week's Boston Courant.