Eight Projects Valued at $1B to Break Ground in Boston
- Dec 22, 2016
Boston—Fewer than two weeks from the end of the year, the Boston Planning & Development Agency (BPDA) green-lighted eight development projects valued at a combined $1.03 billion across the Hub. Totaling 350 residential units—247 of which are affordable—the projects consist of four new residential projects and four Notice of Project Change (NPC).
During its December meeting, BPDA’s also voted to adopt the PLAN: South Boston Dorchester Avenue, a set of goals and strategies that area meant to drive short- and long-term public-private investments in the South Boston. The plan includes a new network of streets, public parks and green space, as well as new residential, commercial, retail and industrial spaces in the area.
The NPC projects approved by BPDA include:
- Parcel K: a mixed-use development consisting of housing units, a boutique hotel and an office building on South Boston Waterfront;
- South Station Air Rights: an office and residential project situated above South Station;
- A residential development at 30 Polk St. in Charlestown; and
- A residential development at 422 River St. in Mattapan.
As for the new development projects, they have a combined value of more than $245 million and encompass more than 620,000 square feet of space.
Beacon Communities’ $71 million rehabilitation of Quincy Tower in Chinatown is expected to generate 307 constructions. Located at 5 Oak St. W, the 16-story was completed in 1978 and has served as senior affordable housing. The 162-unit property will undergo major improvements under plans designed by The Architectural Team. When completed in February 2018, the renovated Quincy Tower will offer 144 apartments to renters earning below 60 percent of the Area Median Income (AMI), while 17 units will be rented to individuals or families making less than 30 percent of AMI.
Boston Community Ventures received approval for 3353 Washington St., an $18 million residential building with over 2,000 square feet of ground-floor retail space located at the intersection of Washington Street and Green Street in Jamaica Plain. The 45,286-square-foot transit-oriented development will include 45 rental units, 24 parking spaces, as well as significant landscaping and streetscaping improvements.
Cruz Development Corp. received the green light for a $47 million mixed-use project located at 280-290 Warren St. in Roxbury. The 153,365-square-foot property will include 95 affordable housing units for seniors, as well as 11,334 square feet of office space, a coffee shop, a restaurant and 102 parking spaces in a two-level garage.
BPDA also voted that Parcel Q1—a 298,700-square-foot project developed by Skanska USA at 10 Drydock Ave. in the Seaport District’s Boston Marine Industrial Park—be designated a Development Impact Project (DIP). The 13-story building will contain more than 211,000 square feet of office space, as well as 8,400 square feet of ground-floor retail space and three levels of parking for 150 vehicles. A 12,900-square-foot urban plaza will be constructed at the building’s ground level on Drydock Avenue. As a DIP, the project will contribute approximately $1 million to the Neighborhood Housing Trust and $201,193 to the Neighborhood Jobs Trust.
Renderings courtesy of BPDA