Past debates over setting “linkage” fees for commercial development have divided the City Council into factions who want to push the limits and those who fear scaring off the builders who pay those fees. These was no hint of division as councillors talked about a 66 percent increase.
The sale of the 17-story office tower at 1 Memorial Drive, Kendall Square, is being called the biggest of its kind so far in 2021, but think of the three-story building going for $35.5 million. MIT has broken ground on a college of computing, too, and more apartments are going up near Union Square.
The Mary Prentiss Inn changes hands for $6.1M; Buy in Inman could retain neighborhood ‘fabric’ (updated)
The 20-room Mary Prentiss Inn near Porter Square has sold for $6.1 million after more than a year on the market; a 15-unit building in Inman Square sells for $5.9 million to buyers who plan to “reposition” it; and a Harvard professor’s single-family home goes for $4.6 million.
When plans for the 14-acre Volpe parcel return to the Planning Board on July 20 for a rezoning petition filed June 21, there will be a few notable changes, including a Third Street Park redesigned for more combined open space and a community center expanded to 25,000 square feet.