[Last updated July 15, 2019]
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 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). On July 9th, the Select Board voted on a charge for the Lower Boylston Street area (Boylston and Cypress Street); Committee work will likely commence Fall 2019. 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.
Children's Hospital at 1, 2-4 Brookline Place - 229,500 square feet of office and medical office in Brookline Village
Homewood Suites at 700 Brookline Avenue (formerly 25 Washington Street) - 175 rooms
2018: Circle Cinema Theatre Redevelopment at 375-399 Chestnut Hill Avenue - 64 hotel rooms and retail space at Cleveland Circle
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.