|October 11, 2018|
Land Parcel on Scotia St
Open land space in the Back Bay is getting very scarce - with the red-hot economy, developers are trying to grab as much open space as they can for building high rise luxury apartment.s
Just off of busy Boylston Street, there is a piece of open land that will soon have high rise development. This will be the new location for 1000 Boylston Street apartments.
This open Parcel land will soon be gone.
Ten Things I Learned about the Open Space Parcel
Official address of the land is Scotia St Boston Ma 02115. The City of Boston Parcel ID is 0401345000
The lot size is 11,109 sq ft.
The land was previously owned by the St. Cecilia Roman Catholic Church. In May 2008, the Archdiocese of Boston sold the land to ADG Scotia LLC for $13.85 million. ADG Scotia LLC is sometimes known as "Scotia Parcel."
ADG Scotia is a joint venture between John Fish's Suffolk Ventures and Weiner's Weiner Ventures.
While it was owned by St. Cecilia Roman Catholic Church the land was tax exempt. Since 2009, the City of Boston has collected $41,000 each year in additional tax revenue. The land is currently assessed at $3,301,600.
The St. Cecilia Roman Catholic Church used the funds from the sale to do a major interior renovation - new floors, pews, painting and a redesigned entrance.
ADG Scotia LLC has plans to build a new tower in the space. Ideas of the Hotel/Retail/Parking complex first came out in 2008 but was shelved because of the "great recession."
In January, ADG Scotia LLC paid $30,000 to Travaglini Eisenberg Kiley LLC to lobby so the Massachusetts General Laws 6C could be changed to allow air rights by sale or by lease.
The original Plans for 1000 Boylston Street have been changed a lot since 2008. Original plans had 2 towers - One 566 feet and 39 stories, the other 283 feet, and 24 stories. The new plan has a single high rise - 484 feet and 27 floors. The new tower would be just as high as the State Street Bank. It will be the 21st tallest building in Boston.Plans for building 1000 Boylston Street are underway. Trees in the parcel have been taken down.
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