Friday, November 10, 2017

Suffolk Downs moving ahead

FINAL STRETCH: Plans for development of Suffolk Downs are being filed by its new owner who envisions development over 20 years with or without Amazon choosing it for an HQ.The investment group that owns Suffolk Downs is moving ahead with plans to build about 11 million square feet of housing, retail, office, hotel and lab space, even as it awaits Amazon.com Inc.’s decision on whether it will choose the site for its second North American headquarters.

Boston-based HYM Investment Group LLC filed a letter of intent with the city that gives an overview of its redevelopment proposal for the 161-acre thoroughbred horse racing track and facilities in East Boston and Revere — and its plans to seek expedited city and state permitting reviews of a 500,000-square-foot office building that Amazon would want built by 2019 as part of its $5 billion, 8 million-square-foot “HQ2.”. . . more

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