News: Owners Developers & Managers

WS Development partners with Fenway Sports Group Real Estate and ’47 Brand for redevelopment

Boston, MA WS Development joined Fenway Sports Group Real Estate (FSGRE) and ’47 Brand, to form a partnership to redevelop multiple sites in the Fenway neighborhood currently owned by FSGRE, a subsidiary of Fenway Sports Group, and the D’Angelo family, owners of the Red Sox Team Store on Jersey St. and ’47 Brand. 

The new joint venture will redevelop several sites totaling 5 acres within close proximity to Fenway Park located on Jersey St., Brookline Ave., Van Ness St., and Lansdowne St. while respecting the historic fabric and character of the area around Fenway Park. The development review process is expected to kick off later this year.  

“Boston is a city with a unique history and an incredibly bright future. And Fenway is Boston. This is an opportunity to help create a community-first place that adds to the fabric of this neighborhood we all love,” said Jeremy Sclar, CEO of WS Development. “We are deeply humbled to work alongside FSGRE and the D’Angelo family on these hallowed grounds.”

“For 20 years, our goal has been to preserve, protect, and enhance the local and national treasure that is Fenway Park,” said Fenway Sports Group principal owner John Henry. “We are excited to now fully expand our focus through our partnership with WS and the D’Angelo family as we further contribute to a neighborhood that has transformed over the past two decades. Our partnership’s work in the area surrounding the ballpark will have a profound effect on the experience of Red Sox fans and all Bostonians as we create beautiful, dynamic streetscapes that complement the character and significance of Fenway Park.”

“Our father and uncle began this business around the energy of Fenway, giving way to a great American Dream story. Seventy-three years later, that vitality has only continued to grow,” said ’47 Brand vice president, Bobby D’Angelo. “We are very happy to be partnering with our friends at Fenway Sports Group to simultaneously and cohesively develop both of our properties in the Fenway neighborhood with one of the best developers in the business.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary