Friday, June 30, 2017

Fenway Center developers get extension to finalize lease

State officials are giving developers behind the long-stalled Fenway Center project a three-month extension to finalize their state lease, a move the project planners say puts construction — and a $21 million payment to the state — on track for the fall.

The two sides were staring down a deadline today to finalize negotiations on a crucial MassDOT lease, but they agreed to extend it to September, according to developer John Rosenthal. He said he intends to begin construction that month on the two-phase project, which includes five buildings built above and alongside the Mass Pike and a total $590 million price tag.. . . more

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