Land next to the Plaza in Midtown sells for $15M

One of the most prominent pieces of vacant land long-slated for development has sold for a steep price. Crain’s reports that the land between the recently-renovated Plaza and Whole Foods has sold for $15 million.

The 3.78-acre parcel of land sold to a limited-liability company registered to Ciena Healthcare Management CEO Mohammad Qazi, who says an upscale, mixed-use development is in the works. Signage stating “More Midtown” is wrapped around the fence surrounding the land.

More plans should be revealed soon, and a groundbreaking could occur in the spring.

The land was once going to be a medical/parking complex, and the plans for that development called for the demo of the Plaza, or the Hammer & Nail Building. The Roxbury Group bought the Hammer & Nail Building and redeveloped it into apartments in recent years. Development of the land next door has been in limbo for years.

Other developments along that stretch of Woodward have also been in limbo for a while, including SOMA—South of Mack Avenue—which at least has newer renderings, and the Woodward at Midtown, which would bring 134 apartments and retail space to the area. Going further into Brush Park, development has picked up at a rapid pace in the past two years.