Hull Redevelopment Authority selects JLL to market unique waterfront development opportunity

via http://www.us.jll.com/united-states/en-us/news/4249/hull-redevelopment-authority-selects-jll-to-market-unique-waterfront-development-opportunity

BOSTON, MAOctober 19, 2016 – The Hull Redevelopment Authority (HRA), tasked with creating a "sense of place" in the coastal Massachusetts community, has hired JLL's Public Institutions team to market its waterfront parcel in Hull, MA. With a variety of potential mixed-use applications including residential, retail, restaurant, hotel, and resort, the Nantasket Beach Development Opportunity offers a rare chance to purchase and improve an historic beachfront site overlooking the Massachusetts Bay. The parcel, which is cleared and ready for development, begins near Water Street and extends approximately 0.3 miles along Hull Shore Drive.

The Nantasket Beach Development Opportunity is one of the most desirable waterfront properties on the east coast and has been actively improved in recent years. The HRA worked with the community and MassDevelopment to complete a pre-development Master Plan for the site, which includes ample open space, a boardwalk and direct access to Nantasket Beach Reservation and the scenic Weir River Park.

"The Hull Redevelopment Authority has worked with various state agencies and consultants to implement numerous upgrades to the Nantasket Beach area and put in place zoning that would allow for an impactful development to be built," said Bartley Kelly, Chair of the Hull Redevelopment Authority.  "In addition to the incredible amount of due diligence done on this parcel, the surrounding amenities – public transportation, the World's End Sanctuary, Nantasket Beach – make it a prime development opportunity.  The HRA is excited for the opportunity to receive bid proposals that will present transformative projects which will leave an indelible mark in the Hull Community."

In addition to numerous amenities along Nantasket Beach, where the population doubles during peak summer season, the property is just a half mile from the publicly accessible Steamboat Wharf Marina, Hull's oldest working yacht and shipyard. The area is also just a short ferry ride from Logan Airport, Downtown Boston and the Boston Harbor Islands, all reachable from Hull's nearby Pemberton Point. The MBTA commuter train and bus are also just a few short miles away in adjacent Hingham.

"The Nantasket Beach Development Opportunity will give the development community the opportunity to create an unmatched waterfront town center for Hull residents and Nantasket Beach visitors," said Zoe Agnew, Public Institutions Manager at JLL.  "With the infrastructure upgrades that have already been made around the parcel and the planning that the community, HRA and DCR has put into the site, we believe that now is the perfect time to offer this parcel to the development community."

A Request for Proposals will be released later this fall.  Please visit www.HRARealty.com for schedule updates and additional information about the parcel.

About Hull Redevelopment Authority
The Hull Redevelopment Authority is charged with creating a "Sense of Place" in the Hull community through development that provides tax revenue, open space recreation, job growth, improved business environment, event venues, and parking for Nantasket Beach within an effective and efficient traffic pattern for Hull citizens and visitors. In order to do so, the HRA has established the following principles for their board:

  • Maintain public confidence and trust in the HRA via transparent communication.
  • Recognize the value and intention of citizens who offer feedback, both positive and critical.
  • Communicate board meeting minutes and news with clarity and in a timely manner.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

Leeber-Tierney Pavilion Sign on the HRA Bayside Park

In 2015, the HRA was approached by Hull resident Jim Alibrandi, on behalf of the Leeber-Tierney Golf Classic, with an offer of a donation to construct a gazebo or small pavilion on the bayside portion of the HRA property, with the intended use as a bandstand or venue for other entertainment events.

The Leeber-Tierney Golf Classic is a yearly charity event established to honor the memory of Blaise Leeber and Donald Tierney, both of whom were raised in Hull and were active members of the community.  The event draws almost 150 golfers yearly and in seven years has raised and given away a total of $85,000 to Hull organizations, including Wellspring, the Hull Boosters Club, Hull Youth Football, Seat Swap, Hull Boy Scouts, Hull High Hockey, Hull Theatre Arts, and the Hull Scholarship Fund.   

The HRA voted to explore this offer by conducting research of the initial cost of purchase and of installation.   Due to government regulations which the HRA is obligated to follow, this research is still ongoing with the expectation of a pavilion being installed in the near future.   

The HRA approved the placement of a sign on the property announcing the forthcoming pavilion. The sign will be removed in November and reinstalled in May, 2017. 

HRA Funds Purchase of Anti-Graffiti Paint for Fort Revere

In the effort to aid in the restoration of the historic Fort Revere, the HRA has voted unanimously to fund the expenditure of up to $10,000 on anti-graffiti paint for coverage of selected surfaces at the site.  The fort has long been a target of vandals and the paint will make it easier to remove spray-paint graffiti from the concrete structures.  In an example of the continued cooperation between the HRA and the DCR, the DCR will provide the painting crew and labor.  Work will begin in late summer.

Memorial Day Street Dedication of William Tierney

On Memorial Day, 2016, the corner of Q St. and Nantasket Ave. was dedicated to the memory of William Tierney, who once served as the HRA’s relocation director. The following letter was received by the HRA from Hull resident Charlie Gould. 

William Tierney was honored by the Town of Hull by having a square dedication at Q Street and Nantasket Avenue named for him on this past Memorial Day. This commemorated his service to the community, state, and nation in World War II and the Korean War. 

Bill was the relocation director for the HRA. He relocated well over 100 people from the urban renewal area and also numerous businesses. 

His family roots in Hull ran deep. His grandfather, Dr. Sylvester, was one of the town’s physicians. Marie, Bill’s mother, lost another son in the service of his country during World War II. She is honored as a Gold Star Mother at the Hull Cemetery. Hull honored Marie and Matt’s son by naming a street for him. It is located on Allerton Hill. 

Prior to being appointed relocation director by the HRA, Billy Tierney was a schoolteacher and a naval officer. 

Updated use of parking lot at Nantasket Ave. and Bay St.

 

 Dear Residents of Bay Street and adjacent streets, 

This letter is to inform you that the HRA has modified our use of the HRA owned land at the intersection of Bay Street and Nantasket Avenue. 

Starting immediately, the area that is accessed by a driveway on Bay Street (across from the former Riva’s Pizza rear parking lot) will be dedicated for use solely by the Nantasket Beach Resort and Conference Center. 

Signage will be installed indicating that this is a parking lot for the Resort only. 

We will continue our practice of allowing any Hull Resident with a valid parking sticker to park for FREE at any of the leased HRA lots. These lots include the Triangle Lot (formerly the resort lot), the large main lot, and the northern lot at Phipps Street. Additional Municipal Parking is also FREE at the lot adjacent to the Hull Electric Light Plant. 

Remember, any Hull Resident with a valid parking sticker is able to park for FREE in the Triangle, Main, and Phipps Street parking lots. 

As always, if you have any questions about this issue or any issue related to the HRA, please send us your question and/or comments. 

Hull Redevelopment Authority 

Real Estate / Marketing RFP

The Hull Redevelopment Authority (HRA) invites competitive proposals from qualified Real Estate/Marketing consultants to provide services for the sale of its land, 12.8 acres, at Nantasket Beach in Hull. 

The Request for Proposals file below is available for information purposes only. To become an “Official Applicant”, please follow the instructions located on the first page of the document.

This RFP deadline has passed.