Designation of Developer for Parcel 12, Government Center
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In return, we will grant to the developers the necessary easements in Pemberton Square to accommodate construction of an underground garage there, as well as such temporary easements as they may require to facilitate construction of the building. Digitized by the internet Archive in 2010 with funding from Boston Public Library http://www.archive.org/details/designationofdevOObost - 3 - Center Associates is composed of Norman and Robert Leventhal, who have a combined 50% interest, Joseph M. Lins...ey, who has a 45% interest, and Imperial Realty Co., Inc., which has a 5% interest. Imperial Realty is a displaced owner from the Project Area. Architect for Center Associates is Welton-Becket Associates of New York, and the builder is Beacon Construction Corporation, owned by the Leventhals. The price of $14 per square foot is consistent with both reuse appraisals that have been made on the property, the land area of which is approximately 74,000 square feet. After discussions with the proposed redevelopers, review of relevant materials, and upon advice of the Design Review Panel and interested staff members, I am convinced that Center Associates is a capable and responsible developer which understands our objectives in the Project Area and will construct the kind of building which will be an asset to the Government Center.
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