CHINATOWN RESIDENTIAL PROJECT GETS $4M GRANT FROM STATE

The developers of the One Greenway condominium and apartment project in Boston’s Chinatown neighborhood reports that they have secured $3.9 million from the state in support the 51 unit South Building. The grant will be used to fund the construction of the $20 million South Building.

The $170 million One Greenway project will include 363 residential units in two different buildings that occupy roughly a half acre of open space. The 312 unit North Building will include 217 market rate apartments and 95 affordable rentals. The project will include a total of 146 affordable units. Groundbreaking took place earlier this year with political leaders and the development team gathering to celebrate the return of the Parcel 24 site back to housing, retail and community usage. The project will restore a section of Boston’s Chinatown which was demolished in the 1960s. The space has sat vacant since.

The South Building will have 51 affordable condominiums and provide income eligible families an opportunity to purchase a unit in a location near downtown Boston. Construction on the South Building will commence next summer. When completed, it will include 20 one bedroom units, 22 two bedroom units and nine, three bedroom units.
The project also includes 135 garage parking spaces, 8,500 square feet of retail and community space and new pedestrian connection between Hudson and Albany streets.

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BOSTON DEVELOPER TO BUILD 42 RESIDENTIAL UNITS IN THE CITY’S SOUTH END NEIGHBORHOOD

The Holland Company has filed plans with the Boston Redevelopment Authority to convert a four story warehouse at 46 Wareham Street into a six story, mixed use development that would include 9,400 square feet of ground floor retail. Holland would demolish part of the old building and add three levels of new construction. The mix of units would include 23 one bedrooms with approximately 780 square feet of space, 17 two bedrooms with about 1,162 square feet and two three bedrooms with about 1,500 square feet. The plans call for a parking garage to be built for 52 vehicles. Holland did not indicate whether the units to be built would be condominiums or apartments. Speculation is that condos would do well at this location.

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NEW ROCHE BROS. STORE IN DOWNTOWN CROSSING SCHEDULED TO OPEN NEXT YEAR

For years, a supermarket has been on the Downtown Crossing wish list of many people. According to the latest construction updates a new store should be up and running by next year. When the Ritz-Carlton Boston Common opened on lower Washington Street almost a decade ago, it became apparent fast that all the new condo owners needed a place to shop for their groceries. More and more housing was added to the neighborhood the need only grew more.

Roche Bros. came in to rescue the neighborhood residents with a 25,000 square foot supermarket which will be located in the Burnham Building, the former Filene’s store that is in the second week of construction and redevelopment.

Renovation of the 102 year old property started over a year ago and is part of Millennium Partners’ $689 million redevelopment of the old Filene’s site. Next door, the Millennium Tower, a 625 foot building with 442 luxury residences on the upper floors and 95,000 square feet of retail space on its lower floors.

Roche Bros. has 18 stores in the Greater Boston area now, and the new supermarket will have 3,000 square feet of street level retail and 22,000 square feet in the Filene’s Basement. As of now, the supermarket is scheduled to open next year. The store will offer prepared foods also, and they will deliver too.

Boston median sales prices

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BOSTON SCIENTIFIC HEADQUARTERS

Boston Scientific’s Director of Global Facilities and Real Estate has unveiled the latest edition to it’s Marlborough campus. The $34 million, 110,000 square foot building is aimed at attracting and retaining more top talent. The new building contains all the latest in technology and conveniences. Included in the amenities are a gym, hair salon, dry cleaners, daycare center, several sports fields, and technology that allows employees to be able to purchase food using their thumbprints.

There are tunnels that run between all of the buildings on campus to tie it all together. According to CEO Michael Mahoney, “We’re a global company. Half of our sales are outside the U.S., so it was about technology tools and video conferencing that enable global collaboration. The workspace is more modern and open-more appealing to the younger employees.”

The new 120 acre Marlborough campus consists of three pre existing buildings and the new building. There is a total of 613,000 square feet of space. Boston Scientific has been at the Marlbourgh campus for a decade, housing over 1,000 employees. The three older buildings will be receiving new facades in the next two years.

The latest expansion has brought in almost 800 additional employees, and many corporate functions. An additional 500 employees are still located in Quincy, Lowell, Burlington and Cambridge.

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Where Will You Be Watching the Fireworks?

Boston has some of the best Fireworks in the nation. Boston Pops puts a spectacular show but the date has been moved from July 4 to the 3rd to avoid any impact from Tropical Storm Arthur. City officials will close roads around the Esplanade Thursday afternoon. MIT is said to be one of the better roof tops to see the display. However for smaller crowds the Cambridge side of the river could help the claustrophobic patriots. Or if you like the luxury of your home, you may watch it right here streaming live at 8 PM EST. http://bostonpopsjuly4th.org/

 

 

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NEW PROPOSAL TO REPLACE BOSTON HARBOR GARAGE

Sunset over the Longfellow Bridge

A little over 5 years since the original proposal to replace the Boston Harbor Garage was rejected, Donald Chiofaro has proposed a new and smaller plan for the property in hopes to win neighborhood and the city’s approval. The new proposal calls for the project to be cut in size by about 200,000 square feet from the original plan. The new plan calls for a 600 foot tower, with 120 condos and up to 300 hotel rooms plus a 500 foot office building with 700,000 square feet of space. The $1 billion proposal would also include more than 27,000 square feet of open space and a 70 foot space between the towers called the Harbor Square,”which would be a 4 season open space with a roof that could be closed seasonally. The developer envisions a skating rink in the winter and a farmers market in the summer. The new plan reflects a reduced density by 200,000 square feet and reduced height by nearly 200 feet. Mayor Walsh is in ongoing discussions with Chiofaro and predicts movement on the development this year.

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MAYOR INTERESTED IN NEW SOCCER STADIUM

Gillette Stadium, home of the New England Patr...

Gillette Stadium, home of the New England Patriots, Foxboro, Massachusetts, USA (Photo credit: Wikipedia)

In a recent interview, Mayor Martin J. Walsh said he is interested and would consider a new soccer stadium for the New England Revolution team.

“It’s about the growth of Boston. It is something I wouldn’t turn down. There will have to be a lot of discussions about the location. I don’t know where it would go. We will have to see.”

The president of the Kraft Group, the holding company of the Kraft family’s business interests, including the New England Patriots and the Revolution, spoke about the idea, saying that the team needs a soccer specific stadium. Presently the team plays at Gillete Stadium in Foxborough, but the owners have been searching for a much better setting with access to public transportation.

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GATE OF HEAVEN SCHOOL FATE, ON HOLD FOR NOW

The coat of arms of the Archdiocese of Boston

The coat of arms of the Archdiocese of Boston (Photo credit: Wikipedia)

The fate of the closed Gate of Heaven School in South Boston remains in a battle as to whether there is too much housing in the neighborhood. After signing an agreement with the Archdiocese of Boston to purchase and develop the property at 609 East Fourth Street, Oranmore Enterprises in Boston has put the project to build 31 units in the 4 story building, including 40 parking places.

There has been ongoing opposition to the project from the neighborhood residents since the project was announced. The residents want the site to remain some sort of school, maybe a charter school instead of more housing units. The mayor has been asked to intervene and help kill the plan. The city recently conducted a door to door survey of the residents and 63 of the 74 surveyed were opposed to the property being used for more housing.

The Archdiocese has said it is committed to selling the property and is confident thatplan would move forward as originally planned. It pointed out that they have spent more than $100,000 per year since the school closed on insurance and security and maintenance. The Archdiocese stated that they hope to move forward with the project as the parish cannot afford the costs anymore.

The proposed project was pulled from the Boston Redevelopment Authority board agenda last month until some sort of future plan is agreed upon.

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Block Apartments Selling at $1000 per square foot

Boston Herald composing room, from Robert N. D...

Boston Herald composing room, from Robert N. Dennis collection of stereoscopic views (Photo credit: Wikipedia)

The former Boston Herald site  owned by National Development is having a robust selling season. They recently decided to add condominiums to its Ink Block apartment project and so far it looks like the decision is paying back huge..

49 condos of the total 83 units, have pre-sold at an average of $1,000 per square foot. The condos,  range from $500,000 for a studio to more than $2 million for a three-bedroom, at the edge of the South End and Chinatown.

Last year, National Development began construction on Ink Block, which, in addition to the 83 condos, will include 392 apartments, a 50,000-square-foot Whole Foods supermarket, and 35,000 square feet of other retail.

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Parking Lot to Condos

Condos near the metro bridge

Condos near the metro bridge (Photo credit: Willem van Bergen)

A plan for a $40 million India Street project call for 44 condos and some 4,000 square feet of restaurant/retail space on a 7,100-square-foot site that’s now a small parking lot. This would culminate into a  12-story luxury condominium building with one- to three-bedrooms from 600 square feet to 1,750 square feet which fills  in one of the missing “teeth” facing the Rose Fitzgerald Kennedy Greenway.

“It’s really a connection of trying to bring the downtown in with the waterfront,” said Michael Durand, principal of the real estate development company. “There’s been a huge public investment with the Greenway, and now is the time for the private investment to come in and really make it work.” “There’s just been so much apartment development in the city recently that we feel there’s some strong demand for some new condominiums,” Durand said.

The proposed 117-foot building’s height is within the recently codified 120-foot restriction for the Wharf District area known as the Town Cove, which is anchored on the southern portion by Broad Street. That restriction came out of a Greenway district planning study by the Boston Redevelopment Authority that calls for “preserving the scale, character and historic street patterns that mark Town Cove as a distinct and legible Boston neighborhood.”

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