Boston Real Estate News: MA Selling Lots to Build Mini-City

The Big Dig was an immense overhaul and changed the way
Bostonians and visitors navigate in and around our city. The stress
and chaos that this project caused for commuters over the years is
undeniable, but now that is is complete we can safely say it was
all worth it. Who would of thought that this massive construction
would also be the birth of a new vacant development site?

Well, the Big Dig created a 20-acre property currently owned by
the State of Massachusetts, which lies in between South Boston and
Chinatown. The
long-term goal for such valuable territory is to establish a new
and iconic entrance into the city of Boston. The
completion of such an ambitious creation of a new mini-city center
within Boston will of course take
years. Nonetheless, developers are aiming for at least 1,500
housing units, a variety of parks that link up with the nearby Rose
Fitzgerald Kennedy Greenway, destination-worthy restaurants and
stores, and many high-rise office buildings with contemporary
architectural influences to leave any onlooker admiring in awe.

Parcel 25, as it is known, is the first plot of land that the
State is now accepting bids on. These bids, which are due in March,
account for 1.7 acres that run along Kneeland Street. One positive
on this land, amongst the many for any developer, is that it will
be incredibly easy to receive approval on a project proposal for
the party or group that wins the bid. The redevelopment authority
is fully on board with the aspirations of having this area redefine
the where the vibrant hot-spots to live and work are in Boston. A
negative aspect is that Parcel 25s developers do have to
strategically design unique segments of construction by taking into
account the roads and highways that wind in and around the
property.

More Information: Curbed.com

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