It has been reported that Steve Samuels is close to completing a 500 million dollar deal to purchase the massive Landmark Center in Fenway currently owned by The Abbey Group. The Landmark Center houses office space for Blue Cross Blue Shield, Best Buy, a triplex cinema and other retail shops. If this deal is successfully completed Samuels will own three adjacent properties in the Fenway. These properties are 1330 Boylston, a high end luxury apartment building, The Triangle Trilogy, another full service apartment complex and the Landmark Center. There has also been some discussion around purchasing the Holiday Inn property right down the street on Boylston. It is thought that converting the Holiday Inn property to more office space, primarily for the close by Longwood medical community, and residential housing will be a smart move.
Bottom line, I think it will be great to kick a Fenway revitalization project into high gear. There has been talk about building a number new residential and retail projects right around Fenway Park. Boston is in much need of quality inventory for residential housing and revitalizing Fenway is a wonderful way to add a new dimension to the city. I will be watching the situation in Fenway closely as I believe things may start popping!