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.”