Developers reach $55M deal on project over Boston highway
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Kay C. James
Question of the Day
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Associated Press
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Monday, April 19, 2021
BOSTON (AP) - The developers of a major proposed project that would span a section of the Massachusetts Turnpike in Boston near Fenway Park have closed a deal with the state’s transportation agency worth $55 million.
Developers, Meredith Management and IQHQ, agreed to buy the air rights over the highway from the Massachusetts Department of Transportation on Friday, the Boston Globe reported.
The project will build a 2-acre deck over the highway and then a 350-foot (107-meter) tower that includes lab space meant to attract life-science companies as tenants, the newspaper reported. It will be located between Brookline Avenue and Beacon Street.