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Image courtesy of MassDOT.
Boston and state officials are offering up 1.4 acres of land on the edge of downtown Boston for their latest real estate development opportunity.
Massachusetts Department of Transportation issued a request for information for the two parcels which are bordered by Kneeland Street and the South Station connector and will the intention of finding a developer for a 99-year ground lease.
The parcels include a nearly 32,000-square-foot state-owned parcel, 24,600-square-foot highway air rights parcel as well as an option for 4,914 square feet of vacant land owned by the city of Boston.
“Located at a major city gateway with a wealth of transportation options, the property is a blank canvass of creative development potential,” the RFI states.
A meeting and site tour will be held Feb. 25 and responses are due March 13.
In 2016, MassDOT offered the nearby 5.5-acre “SouthGate Boston” parcels on Kneeland Street for redevelopment and set a minimum bid price of $167 million. No developers submitted offers for the parcel, which includes the Veolia North America steam plant, a parking lot and MassDOT office building.
