The HYM Investment Group recently purchased Suffolk Downs for $155 million, a 161-acre site located off of McClellan Highway adjacent to two stops on the MBTA’s Blue Line, with the intention to transform the underutilized horse racing facility into a massive mixed-used development with residences, retail, office, hotel and open space. CBT Architects would potentially be the primary architects of the project.
The project would total 16.5 million square feet and would be comprised of 500,000 square feet of retail space, 6.1 million square feet of office space, 8.9 million square feet of residential space and 450,000 of hotel space.
The site would be transit-oriented; it is right next to the Suffolk Downs and Beachmont MBTA Blue Line station, just two stops from Logan Airport and less than 15 minutes from Downtown Boston. In addition, the development plan includes the creation of a new bike stations and paths, as well as open spaces to provide better connections to the neighborhood.