Governor Deval Patrick’s administration has struck a deal to allow construction of Fenway Center, a $500 million mega-development in Boston that will transform scrubby parking lots around the storied ballpark into a new neighborhood of homes, stores, offices and parking.
After months of negotiations, the administration has ironed out a tentative lease with project developer John Rosenthal, who will pay $226 million in rent to build the complex on 4.5 acres of state-owned land and air rights over the Massachusetts Turnpike.
Fenway Center is one of the city’s most ambitious developments and will be the first major air rights project to be built over the turnpike since Copley Place in the 1980s. It is planned to include five buildings with 550 apartments, retail stores, and other amenities. Full story for BostonGlobe.com subscribers.
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