The Peebles Corp. back in January won the bidding to build big-time on the state's so-called Parcel 13 at the intersection of Massachusetts Avenue and Boylston Street in the western reaches of Back Bay. Now MassDOT just signed off on the deal, the Globe's Tim Logan reports, meaning that Miami-based Peebles can start pre-construction work such as permitting in exchange for $30,500,000 in rent. The state will put that toward replacing the Hynes Convention Center Green Line station, one of the T's busiest.
Peebles ' plans call for an 11-story, S-shaped building called the Viola that will encompass the Green Line station. Above will be 173 apartments and condos (roughly half and half); a four-star, 160-room hotel; retail space; an two public plazas. The project still needs a good measure of financing, so stay tuned. Best-case scenario, the developer hopes to start construction in 2019.
· Housing and Hotel Plan Above Mass. Pike Goes Forward [Globe]
· Three Big-Time Proposals for Boston's Unlucky Parcel 13 [Curbed Boston]
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