Draft Project Impact Report - Boston Redevelopment Authority

Exeter Residences /888 Boylston
8.3 Housing and Jobs Linkage
Housing Linkage
Jobs Linkage
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Mitigation.docx
^ In connection with 888 Boylston, approximately 13,773 SF of retail area that was in existence prior to
1990 will be demolished and rebuilt. Also, in connection with the Exeter Residences, approximately 9,251
SF of area, currently part of Lord & Taylor, that was in existence prior to 1990 will be demolished and
rebuilt. Although these areas were in existence prior to 1990, the Proponent has agreed to pay linkage on
this demolished and reconstructed area, which amounts are included for 888 Boylston and the Exeter
Residences, respectively, in the table above.
Development Impact Uses as defined in Article 80B-7 excludes residential uses but
includes commercial uses, such as office and retail, and common space uses. Exeter
Residences is estimated to have 1,330 SF of retail and common space dedicated to
Development Impact Uses. 888 Boylston and the remainder of Phase 4a are
estimated to have 134,559 SF of office, retail and common space dedicated to
Development Impact Uses, which is in addition to the 287,493 SF dedicated under the
previously approved Development Plan. The additional common area to be
constructed in a portion of Phase 4b has 1,000 SF dedicated to Development Impact
Uses. At the rate of $5.00/SF for the areas included in the Development Plan Project
approved for 888 Boylston in 1990 and at the rate of $7.87/SF for the additional area
proposed, Exeter Residences will contribute $10,468 and 888 Boylston will contribute
$2,496,444 and the Phase 4b area will contribute $7,870, for a combined contribution
of $2,514,782 in housing linkage payments. This is an increase of $1,077,317 over the
housing linkage payment of $1,437,465 which would have been due for 888 Boylston
as originally approved.
Job linkage payments are calculated at the rate of $1.00/SF for the areas included in
the Development Plan Project approved for 888 Boylston in 1990 and at the rate of
$1.57/SF for the additional area proposed. Exeter Residences will contribute $2,089
and 888 Boylston will contribute $498,751 and the Phase 4b are will contribute $1,570,
for a combined contribution of $502,410 in job linkage payments. This is an increase
of $214,917 over the job linkage payment of $287,493 which would have been due for
888 Boylston as originally approved.
Public Benefits and Mitigation 8-3