More big doings in Boston's next It Neighborhood: Sneaker kingpin New Balance wants to add housing to its massive Boston Landing project in Brighton. The Herald's Donna Goodison has the details: "The Boston company is seeking city approval for up to 295,000 square feet of residential space by adding an approximately 2-acre parcel at 125 Guest Street to the development scope. It purchased the property for $10 million in February."
Recall that Boston Landing is already slated to include a 250,000-square-foot HQ for New Balance as well as a 345,000-square-foot sports complex with an NHL-regulation arena and a 175-room hotel; there will also be up to 650,000 square feet of office space spread amongst three buildings; 1,750 parking spaces; and 65,000 square feet of retail (though this amount might shrink).
While New Balance is being coy about how much housing it would build, or even which kind, it's pretty clear two things are driving the decision. One, the development includes a new commuter rail stop; and we all goddamn well know how important transit-oriented development is in Boston now. Two, both the city's apartment and condo markets are red hot—and look to be so for the foreseeable future. Why not get in on that? Stay tuned.
· New Balance House Work [Herald]
· Brighton Rising: Boston's Next 'It Neighborhood' [Curbed Boston]
· One Word: Transit-Oriented—JP's Jackson Square Is the Future [Curbed Boston]
· Most Apts. in Bay Village's Arlington Have Been Leased [Curbed Boston]
· Springtime for Hub Over-Asks! Huge Offers Abound in May [Curbed Boston]