What is happening at Suffolk Downs?
Suffolk Downs Boston is undergoing a massive transformation. Known for its historical significance as a renowned race track since 1935, it has been a prominent landmark in the city. Today, Suffolk Downs is being redeveloped into a resilient neighborhood that will meet critical housing demands and create a new economic hub in the city.
Suffolk Downs Redevelopment
The Suffolk Downs redevelopment will feature hotels, two new retail squares, and office space for life sciences and innovative companies, establishing a new economic center. Additionally, 40 acres of new open space will be developed for community gathering and recreation, contributing to the project’s forward-thinking resiliency design to manage climate change and sea-level rise.
Expected Outcomes of the Suffolk Downs Redevelopment
The primary objectives of the Suffolk Downs redevelopment are to address housing shortages, create a dynamic economic hub, and ensure environmental resilience. Expected outcomes include a significant increase in housing availability, job creation, and enhanced community spaces.
Notable Developers in the Suffolk Downs Redevelopment
The HYM Investment Group, in partnership with Cathexis and National Real Estate Advisors, is leading the Suffolk Downs redevelopment project. Their vision is to create a welcoming neighborhood designed around new ways of living and working.
What are they building at Suffolk Downs?
Suffolk Downs Apartments
The Suffolk Downs redevelopment will feature a variety of residential buildings, including Suffolk Downs apartments and condominiums. The first residential building, Amaya, will offer 475 units and is scheduled to open in June. Suffolk Downs apartments such as studios start at $2,350 per month, with one-bedroom and two-bedroom units available as well.
Types of buildings being developed in the Suffolk Downs Redevelopment
The buildings at Suffolk Downs will range from modern apartments to high-quality…