As identified in the Brookline Comprehensive Plan 2005-2015, "new commercial development is a powerful resource for allowing the town to maintain and improve its public services and facilities." Commercial developments are taxed at a higher rate (presently 67% more) than residential development, and commercial developments generally require fewer services than residential developments.
New mixed-use and commercial developments are encouraged at infill sites within our existing commercial districts as well as the Route 9 corridor (Boylston Street). Currently, the Coolidge Corner Study Committee is analyzing a Chestnut Hill Realty proposal for a combined hotel and residential development on either side of Waldo Street, including the Waldo and Durgin garages in Coolidge Corner. Proposition 2 1/2 limits the revenue that local government can generate from existing property taxes to 2.5% annually. Without new tax growth, the Town of Brookline faces future structural budget deficits.
2016: 111 Boylston Street - Claremont Hotels, LLC opened a 130-room, limited service hotel at 111 Boylston Street, known as the former Red Cab site. This site had formerly been vacant for over 15 years
2011: 10 Brookline Place - expansion of 18,000 square feet of office space, including significant renovations to the existing building. This expansion/ renovation project brings in over $300,000 of new commercial tax revenue to the Town annually.