As part of the 2017 Spring Semester’s “Creating Real Estate Ventures: a Legal Perspective,” on March 1, GSD students along with Prof. Michael Haroz toured the construction site of The Fenway’s (and one of Massachusetts’s) tallest tower, the Pierce Boston. Developed by Samuels & Associates, Inc., and designed by Miami-based architectural firm, Arquitectonica, the 30-story, 340-foot mixed-use tower will house 109 condominium units, 240 rental units and over 20,000 square feet of street-level retail space.
Samuels & Associates executives Leslie Cohen and Tom Bloch welcomed GSD students to their offices in the heart of The Fenway, where they gave a brief overview of the planning strategy, financing structure, unit mix, architectural features and construction challenges of the Pierce Boston. Students also toured the sales office where they were able to walk through a model unit, before touring the Pierce Boston construction site. Construction managers at the site explained the detailed steps of the construction process, while students experienced the panoramic views of Boston from atop the site and walked through a nearly completed unit. We thank the Samuels & Associates team for generously sharing their time, expertise and insights with the GSD students.
“Creating Real Estate Ventures: a Legal Perspective” is a course which examines how a commercial real estate deal is put together to move a development project from conception to completion via lectures, student negotiation exercises, analysis of actual negotiated agreements, discussions with experienced real estate professionals, and construction site visits. The goal of the course is to enable MDes REBE students to get “inside” the deals that produce development projects. The course is taught by Prof. Michael Haroz.