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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About Maxwell

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