harvard allston draft interim property use plan 09-27-06

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    ALLSTON INITIATIVEAllston Development Group September 21, 2006

    DraftInterim Land Use Plan

    September 27, 2006

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    ALLSTON INITIATIVEAllston Development Group September 21, 2006

    A proposed interim land use approach for Harvards landholdings in Allston based on immediate and future needs

    for the development of the Master Plan.

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    ALLSTON INITIATIVEAllston Development Group September 21, 2006

    Impetus for the Plan

    The BRA at the urging of the neighborhood has requested anInterim Use Planning Process be included in the Phase 1A IMPAmendment

    Managing internal and external requests for permanent and swingspace

    Provide guidelines to Harvard Real Estate for leasing properties

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    ALLSTON INITIATIVEAllston Development Group September 21, 2006

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    ALLSTON INITIATIVEAllston Development Group September 21, 2006

    Harvard owns 354 acres of land in North Allston

    Approx. 122 acres are currently designated forinstitutional use

    Approx. 90 acres in CSX easement

    Approx. 1.2 million square feet in commercial portfolio

    Approx. 50% vacancy

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    ALLSTON INITIATIVEAllston Development Group September 21, 2006

    Issue Areas Addressed in Plan

    Flexibility for implementation of Phase 1A and Phase 1

    development

    Creation of a leasing policy for Western Avenue corridorand Holton St. properties

    Property maintenance and improvement

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    ALLSTON INITIATIVEAllston Development Group September 21, 2006

    Ins t i tu t iona l

    and Support

    Western Avenue

    Corr idor

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    ALLSTON INITIATIVEAllston Development Group September 21, 2006

    Areas Based on Assessment of Land Needs

    East of Barrys Corner

    Will be constrained by construction needs

    Desire the most flexibility Timing of construction

    Western Avenue Corridor and Holton Street

    Least constrained

    No current plans for land

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    ALLSTON INITIATIVEAllston Development Group September 21, 2006

    Interim Land Use Policy

    Types of uses by area

    Lease lengths Property Assessment

    Environmental

    Demolitions

    Immediate Improvements Minor improvements

    Fencing

    Landscape

    Partnerships with BRA Mainstreets

    Lifetech, other

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    ALLSTON INITIATIVEAllston Development Group September 21, 2006

    Interim Land Use Policy

    Western Avenue Corridor

    Leasing length: 5+ years

    Interim uses:

    1st floor: e.g. bakery, bookstore, garden shop, local ownedbusiness, daycare, arts

    Upper floors: offices

    Property Assessment (identify select buildings that needsignificant investment to be rented for possible demolition)

    Implement improvements to property:

    Landscaping, removal of fencing, allowing installation ofwindows on Western Ave.

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    ALLSTON INITIATIVEAllston Development Group September 21, 2006

    Interim Land Use Policy

    Holton Street

    Leasing length: up to 5 years

    Interim uses: e.g. retail, artists studios, small local businesses(industrial), 55 Antwerp and 108 Holton St have limited windows andaccess.

    Property Assessment

    Implement improvements to property:

    Landscaping, removal or replacement of fencing, allow installation of

    windows.

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    ALLSTON INITIATIVEAllston Development Group September 21, 2006

    Immediate Physical Improvements to

    Properties

    Identified as an early action item until tenants can be

    found. Three primary improvement areas:

    General clean up, painting, maintenance

    Fencing

    Landscaping

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    ALLSTON INITIATIVEAllston Development Group September 21, 2006

    General Clean Up

    Initial list of improvement requests will largely be taken

    care of by late September/October

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    ALLSTON INITIATIVEAllston Development Group September 21, 2006

    Fencing

    Fencing that is not required will be removed.

    Fencing that is required will follow a design standard.

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    ALLSTON INITIATIVEAllston Development Group September 21, 2006

    Landscape

    Hire landscape architect to develop interim landscape

    proposal.

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    ALLSTON INITIATIVEAllston Development Group September 21, 2006

    Proposed Schedule and Budget for

    Immediate Improvements

    Schedule

    Fall 2006: General maintenance, painting, fence removal,

    Fall 06/Winter 07 fence replacement

    Spring 2007: landscape improvements, demolition