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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MAXWELL@BOSTONLUXE.COM • CELL: (617) 543-7754 • OFFICE: (617) 267-4600 Maxwell Burke began his real estate career nearly 20 years ago doing appraisals with his father in Southern California and Northern Texas. He grew up in a family environment so oriented towards investment and real estate that to call his upbringing entrepreneurial would be a disservice. From his grandfather's multiple developments ranging from British Columbia down into Southern Mexico to his uncle's holdings in Portland, Oregon, Maxwell has been given a view not just of Boston real estate, but of American real estate. Maxwell and Drew Abysalh met in 2009 and increasingly consolidated their business models together culminating in their partnership in 2011. With over 300 real estate deals under his belt ranging from a standard rental to a $1.5 million condo conversion, Maxwell is a tremendous resource to help you realize your real estate dreams. Welcome to Boston Luxe - it's a pleasure to meet you. Google