Kavanagh Advisory Group to Develop Residential, Office Space in Boston
By Veronica Grecu, Associate Editor
Danvers-based Kavanagh Advisory Group LLC has won BRA’s unanimous vote to develop a four-story residential project on a vacant site at the corner of 1st Avenue and 9th Street in the Charlestown Navy Yard. The 48,000-square-foot building will be marketed as “Starboard Place” and will include 36 one-bedroom apartments and 18 studios; of the 54 rental units, 11 will be designated as affordable, Charlestown Patch reports.
As the Navy Yard is a National Landmark, the $16 million project designed by BH+A Architects of Boston follows the guidelines of the Historic Monument Area design, which are in agreement with the National Park Service, Massachusetts Historical Commission, Boston Landmarks Commission, and the BRA.
The development team, which also includes BDLWT&G as business consultants, estimates that the project will create around 150 construction jobs. Construction at the former Parcel 39A will start in June, according to the Charlestown Patch.
By the end of 2013 Kavanagh Advisory Group will also start redeveloping a vacant four-acre parcel of 6 Tide Street in the Marine Industrial Park, a 191-acre industrial complex in the South Boston port area. According to the Boston Business Journal, the site housed J.J. Daly Co.’s 120,000-square-foot warehouse until 2008, when the company was shut down.
Kavanagh’s original project included a 360,000-square-foot office building, but the plan had to be scaled down because the developer failed to secure an anchor tenant. The new design calls for a 120,000-square-foot facility that would be completed by 2015.
Rendering of Starboard Place credits to BH+A Architects
Tags: affordable housing, Development, leasing