C
ity Realty Group has acquired the Chestnut Hill Office Park, a 5.34-acre site on Route 9 in Brookline, for $41 million in May 2024. The existing four-building complex, built in the 1960s and totaling approximately 120,000 square feet, is largely vacant.

    The redevelopment plan proposes a mixed-use complex with three main components:

    A 20-story tower featuring a hotel on the lower floors and condominiums above, offering 200-250 guest rooms.

    A 12-story apartment building with retail spaces on the ground floor.

    A 13-story medical office and senior housing building.

    Design emphasizes pedestrian-friendly spaces with underground parking to maximize open areas. A central "town square" is envisioned for community events and interaction.

    Key details:

    Location: 1280-1330 Boylston Street, Brookline

    Developer: City Realty Group

    Architect: Finegold Alexander Architects

    Acquisition Date: May 2024

    Site Area: 5.34 acres

    The project aims to align with Brookline's efforts to revitalize the Route 9 corridor and increase commercial tax revenues. It is expected to generate approximately $9 million annually in new local property taxes, a significant increase from the current $1 million.

    City Realty Group is actively engaging with the community through the Chestnut Hill Commercial Area Study Advisory Group to ensure the development meets local needs and enhances the area's livability.

    Timeline:

    May 2024: Acquisition

    Spring 2025: Targeted Town Meeting vote for rezoning approval

    2028: Projected completion of the redevelopment.