and apartment building’s at Parcel K in the Seaport
District
Its all happening tonight at the Boston Innovation
Center at 75 Northern Avenue in Bostons Seaport District. At
6:30 PM, the public will have its first opportunity to view plans
for Parcel K, what is currently a parking lot across from the Bank
of America Pavilion at the corner of Congress Street and Northern
Avenue.
While it now finally is certainly no surprise, the
Seaport District
along Bostons Waterfront is sure to be the next hotbed for the real
estate industry. The past few years, especially lately, has seen
headlines full with news about future developments in the Seaport. From
world-class hotels, to spectacular luxury apartments and
condominiums, to stores, new restaurants and more, there is much to
be excited about for this bustling area of the Hub.
So what do these plans entail? They are being done by
Conroy Development of Stoughton, who are proposing a 246-room
boutique hotel, in addition to a 304-unit luxury apartment building
in two separate facilities. The hotel will feature 150,000 square
feet and will be on the eastern side of the parcel, while the
residential building will consist of 300,000 square feet to Parcel
Ks western boundary. There will also be 25,000 square feet
dedicated to retail space, and 16,000 square feet to be used as
business innovation space. Finally, there would be a much needed
underground parking garage which will be large enough to hold 640
vehicles.
Last Spring, the owner of the 2.4-acre lot, the
Massachusetts Port Authority, rejected a slight variation in the
plans. MassPort and former Mayor Thomas M. Menino were opposed to
the notion of there being apartments at the site, or at least at
the specific location they were originally planned for.
Essentially, the plan we see today was flip-flopped, and had the
apartment complex on the eastern boundary of Parcel K. However,
Conroy Development and MassPort have now come to an agreement that
would allow for a combination of residences and other uses on the
Parcel K property, especially given this rearrangement. This deal
had to be stuck as Conroy Development will lease the land from
MassPort, who have not put the property itself up for sale.
A MassPort spokesman came forward to note that, The
revised project has responded well to the concerns that were
expressed earlier by moving the apartment units away from the
maritime working port and the truck route. This change alleviated
the concerns shared by MassPort and the city of Boston. The project
will continue to be evaluated, as any development will, in the
permitting process.
It will undoubtedly be an intriguing evening tonight at 6:30 PM
in the Seaport District at
the Boston Innovation Center. With this being just the latest of
the dozens of projects in the pipeline in the burgeoning Seaport, the future
has never looked brighter than it does today.
More Information: Boston Business
Journal