0 MassDOT Approves Back Bay Hotel, Retail, and Condo Project

Back Bay development project

Credit: Banker & Tradesman

At Boylston Street and Mass Ave a new project has just gotten approvals from MDOT.

Details on the new project are available in Banker & Trademan, and included the following overview:

“A project at the corner of Boylston Street and Mass. Ave. in Boston’s Back Bay neighborhood involving the construction of a hotel and residential development over the MassPike received approval from the Massachusetts Department of Transportation today…The 99-year lease agreement between MassDOT and ADG Scotia covering two plots of land, known as Parcels 12 and 15, will provide the Commonwealth project value of $18.5 million for the two parcels in the form of fixed payments early in the lease period combined with annual rent payments.”

The full article can be found here on B&T.

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