$536M Government Center Garage Project Approved by BRA

BOSTON—The Boston Redevelopment Authority approved nearly $733 million in development projects late last week, including the first phases of the twin-tower Government Center Garage redevelopment plan.

The largest project to get the green light from the Board of Directors of the BRA last Thursday was the $536-million mixed-use Government Center Garage redevelopment project. The first phases of the plan, proposed by National Real Estate Advisors of Washington, DC and HYM Investment Group of Boston, will feature a residential and office tower. National Real Estate Advisors, which has a portfolio of $2.5 billion in net assets under management invested in commercial and multifamily real estate, is a subsidiary of the National Electrical Benefit Fund.