Real estate interest grows
Real estate developer Ed Murphy's Kelley Square office lies less than half a mile from the long-abandoned Wyman Gordon property where the stadium will be built.
And while he is not yet fielding calls from national chains looking to set up shop nearby, there was a surge of interest as the PawSox deal became reality in recent weeks, he said.
"There's been an influx in the last two weeks of local tenants," Murphy said. "There's also investors calling about properties we have in the neighborhood to purchase."
Kelley Square, the city's chaotic, stoplight-free gateway between I-290 and the Canal District, will receive a state-funded overhaul to prepare for additional traffic, officials said Friday. According to Murphy, that will be a necessity.
"Pumping this much traffic through there 100 plus nights to year, it's going to need some tweaking," he said.
With the stadium not opening until in 2021, Murphy said property prices will likely increase on speculation of the foot traffic and economic activity to come.
Murphy said he plans on attending games and concerts once the stadium is open.
"I'd love to support the team," Murphy said. "I think it's a great thing for me to be able to walk from my office and go to a game."
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