$8 billion Suffolk Downs project wins planners’ approval

The project could take two decades to complete and includes a mixed-use neighborhood, a 40-acre publicly accessible open space system, and two retail squares.

This 2019 file photo shows the Suffolk Downs in East Boston.
This 2019 file photo shows the Suffolk Downs in East Boston. –(David L. Ryan / Globe Staff)

BOSTON (AP) — The Boston Planning and Development Agency approved the $8 billion redevelopment of the Suffolk Downs racetrack on Friday.

The project led by HYM Investment Group includes 10,000 apartments and condos and office space for 25,000 workers on the 109-acre lot, MassLive Media reported.

The project could take two decades to complete and includes a mixed-use neighborhood, a 40-acre publicly accessible open space system, and two retail squares.

The first phase includes nearly 1.39 million square feet of development, 520,000 square feet of corporate use space, a plaza with over 100,000 square feet for retail, three residential buildings and 800 townhomes.

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