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Tuesday, October 20, 2020

Red Sox owners partner with developer to revitalize Fenway Park area

You won’t get a Mookie Betts, but do you want a Dunkin Donuts?

The Fenway Sports Group Real Estate, a division of the Fenway Sports Group which owns the Sox, are joining with the D’Angelo Family to take land they own outside the stadium to give the neighborhood a freshened look featuring stores, offices, apartment buildings, public art and green space, the Boston Globe reported Monday.

The Fenway Sports Group, which also owns a NASCAR team, Liverpool FC soccer club and the New England Sports Network, the D’Angelo family which owns the sports apparel company ’47 Brand and WS Development which has had a hand in developing several projects in Boston, including the Boston Seaport and Downtown Crossing have been eyeing such a project for years. The Globe, however, reported that discussions have picked up over the last year and a half.

“For 20 years, our goal has been to preserve, protect, and enhance the local and national treasure that is Fenway Park,” Red Sox principal owner John Henry said in a statement. “We are excited to now fully expand our focus through a partnership with WS and the D’Angelo family as we further contribute to a neighborhood that has transformed over the past two decades.”

A detailed layout of the group’s plans is expected to be filed in 2021, the Globe reported.

RoyalsRetro (AG#1F) Posted: October 20, 2020 at 09:26 AM | 9 comment(s) Login to Bookmark
  Tags: fenway park

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   1. Jose Needs an Absurd Ukulele Concert Posted: October 20, 2020 at 09:47 AM (#5984004)
Whoa, I guess the old man is on the way out. This is huge for the area. It's been said, mostly in jest but not really, that the space across from Fenway where the souvenir store D'Angelo owns is the most valuable real estate in Boston for just this reason. The Sox have wanted that space for decades.
   2. Adam Starblind Posted: October 20, 2020 at 10:04 AM (#5984009)
Do Bostonians want that area revitalized? I thought they like it slightly seedy over there.
   3. Nasty Nate Posted: October 20, 2020 at 10:07 AM (#5984010)
Do Bostonians want that area revitalized? I thought they like it slightly seedy over there.
That ship has sailed.
   4. jmurph Posted: October 20, 2020 at 11:01 AM (#5984023)
Such an exciting time for Red Sox fans!
   5. Jay Seaver Posted: October 20, 2020 at 12:51 PM (#5984048)
It's plenty vital as it is - pretty right on the edge of where you start joking about degentrifying - and hasn't been seedy for at least twenty years. This feels like the thing that could tip the Fenway area over the line from "place where everything costs a little more" into "luxury enclave", unless its managed well.
   6. What did Billy Ripken have against ElRoy Face? Posted: October 20, 2020 at 01:03 PM (#5984050)
This feels like the thing that could tip the Fenway area over the line from "place where everything costs a little more" into "luxury enclave", unless its managed well.
I think they mean "assuming" there rather than "unless."
   7. The Yankee Clapper Posted: October 20, 2020 at 03:05 PM (#5984066)
The bright boys with calculators seem to have decided that the real estate offered a higher return on investment than putting money into a depreciating asset like Mookie Betts.
   8. Jay Seaver Posted: October 20, 2020 at 03:46 PM (#5984078)
6 - I mean managed well for *me*, a guy who grabs a bite to eat when he goes to 10 or so ballgames a year or hits the nearby movie theater on occasions when something is not playing closer to home. I don't care if the the people who buy FenwaySide luxury condos want to live in a high-end outdoor outlet mall or not, profitable as it may be for the Henrys and D'Angelos. :)

It's something the city's been a little bit concerned with in the past; I gather that they mandated spaces in the Seaport with low, locked-in rents for local businesses.
   9. Srul Itza Posted: October 20, 2020 at 04:16 PM (#5984084)
The saving grace for much development in Boston has been the lack of a good bedrock to build on. I used to hear horror stories about what happened when they put in the Hancock.

Boston is always going to be a more lowrise town. Manhattan schist, it ain't.

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