BOSTON – This city’s Downtown Crossing is on the brink of major development with approval of a $60 million project that will bring new vitality to the area. On the cusp of that change this year were the openings of a number of restaurants and bars, among them, JM Curley, Gem, Sip Wine Bar + Café and Back Deck.
The latest, 135,500 sq. ft. development will include a boutique hotel, restaurant, retail and spa space in the 11-story Blake Building at 59-63 Temple Place. The historic building and the six-story Amory Building at 501-507 Washington St. will undergo renovation of their exteriors. The facades of the first two floors will be restored and the interiors reconstructed.
Developer Walton Oxford Temple, will work with MBTA to improve lighting and signage at the Downtown Crossing Orange Line T stop and will also make donations to various neighborhood groups, afterschool work programs and more.
With the announcement, the area now has more than 700 residential units under construction. Additionally, with approval of Millennium Tower, there will be 1,200 new residential units housing 3,000 families by 2016.
A five-year plan to invest $2.6 million in infrastructure improvements such as roads, sidewalks and LED signage is underway by the city and in the past two years, more than 80 new businesses have opened. Next spring, a new Walgreens will open a flagship store in the old Borders Bookstore space at a cost of $4.2 million.