Apartments On the Way for Quincy’s Marina Bay
Marina Bay will be seeing new apartments.
Tom Brady’s stomping grounds from his bachelor days are poised for a big expansion. Back when he was winning his first Super Bowls, Brady kicked back in a Marina Bay condo on Quincy’s waterfront.
Now Marina Bay is planning a luxury apartment addition, with a new rental development slated to take shape where the now-shuttered Ocean Club and a parking lot stand.
Hines, a Texas-based development group, hopes to kick off construction this spring on a pair of four-story apartment buildings, which will also include 17,000 square feet of retail and 500 parking spaces.
Separately, the owner of the marina at Marina Bay is planning to add 60 outsized boat slips in a bid to attract “mega yachts’’ of 150 feet and up.
The site of the soon-to-be apartment complex is the last piece of the sprawling Marina Bay site yet to be developed.
“This is a special site. It represents the last piece of undeveloped waterfront property at Marina Bay,’’ said David Perry, Hines’ senior managing director, in a press statement after the acquisition of the site last year. “We feel very fortunate to have acquired it.’’
The new rental complex will add more shops and restaurants to Marina Bay while also expanding its boardwalk. In addition, a new walkway will connect the boardwalk with the nearby Squantum Point Park.
Shuttle bus service to the North Quincy T station, only a few miles away, is also planned.
The apartments will have views across Dorchester Bay to downtown Boston, the Seaport District, and the Back Bay, the developers say.
While rental rates have yet to be announced, a previous proposal for the site called for the highest rents ever seen in Quincy, or more than $2.50 per square foot, or roughly $2,500 for a 1,000 square foot apartment.
Still, those are bargains by Boston or Cambridge standards.
“Marina Bay is not cheap, that’s for sure, but if you want to compare it to the Seaport or some place next to the water in the city, it is certainly a more affordable option than that,’’ said Alex Coon, market manager for brokerage firm Redfin’s Boston-area office.
Would-be Marina Bay renters won’t be seeing any more of Brady though, who lived in Quincy from 2003 to 2005. He moved out 10 years ago and now lives in a Brookline mansion with his supermodel wife, Gisele Bundchen.
Still, Marina Bay has long had a reputation as a haven for Patriots and Red Sox players and other local celebrities. Residents over the years have included former Patriots players Willie McGinest, David Givens, Daniel Graham, and Lawyer Milloy, as well as the late Boston newscaster Chet Curtis.
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