{"id":1004053488,"date":"2012-01-08T21:48:05","date_gmt":"2012-01-09T05:48:05","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=30372"},"modified":"2022-12-04T01:37:02","modified_gmt":"2022-12-04T09:37:02","slug":"new-year-brings-more-development-in-boston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/new-year-brings-more-development-in-boston\/","title":{"rendered":"New Year Brings More Development in Boston"},"content":{"rendered":"<p style=\"text-align: justify\">By Veronica Grecu, Associate Editor<\/p>\n<p style=\"text-align: justify\">The city of Boston is seeking proposals for a mixed-use development planned on a 20-acre, weed-infested area between Chinatown and South Boston. In an interview for the <em>Boston Globe<\/em>, architect Marc Marguiles\u2014who led the team that analyzed the property\u2014said the new development would act as an extension of Boston and would offer an iconic new entrance to that part of the city.<\/p>\n<p style=\"text-align: justify\">The project calls for 1,500 homes as well as shops, restaurants, several parks and recreational space. Since this is a large-scale development, the construction will be divided in phases\u2014the first is a 1.7-acre area along Kneeland Street known as Parcel 25, for which proposals are due in March. Developers who wish to get involved in this project are asked to consider three adjacent plots that will be included in the larger redevelopment, notes the <em>Globe<\/em>. They would also have to overcome some serious engineering and construction challenges; for example, finding building and financing solutions for over roads and highway ramps.<\/p>\n<p style=\"text-align: justify\">Also of interest in Boston development news is the $60 million residential<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/01\/cresset-boston.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-30395\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/01\/cresset-boston.jpg\" alt=\"\" width=\"300\" height=\"205\" \/><\/a> project announced recently by Cresset Development. The plan is pending approval from the Boston Redevelopment Authority and includes two mid-rise apartment buildings\u2014five- and six-story high respectively\u2014located at 411 D Street in the Seaport District.<\/p>\n<p style=\"text-align: justify\">Cresset Development, which purchased the property a few months ago for $7.3 million, will have to tear down a warehouse and a small office facility to make room for the new buildings. Twenty six of the planned 197 residential units will be designed as \u201cInnovation Housing\u201d (this type of apartment is smaller, more affordable and has a flexible layout). The project also includes ground floor retail space.<\/p>\n<p style=\"text-align: justify\"><em>Illustration courtesy Elkus Manfredi Architects\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Veronica Grecu, Associate Editor<br \/>\nThe city of Boston is seeking proposals for a mixed-use development planned on a 20-acre, weed-infested area between Chinatown and South Boston. In an interview for the Boston Globe, architect Marc Marguiles\u2014who led the team that [&#8230;]<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21742],"tags":[],"class_list":["post-1004053488","post","type-post","status-publish","format-standard","hentry","category-boston","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Year Brings More Development in Boston - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/new-year-brings-more-development-in-boston\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Year Brings More Development in Boston\" \/>\n<meta property=\"og:description\" content=\"By Veronica Grecu, Associate Editor The city of Boston is seeking proposals for a mixed-use development planned on a 20-acre, weed-infested area between Chinatown and South Boston. In an interview for the Boston Globe, architect Marc Marguiles\u2014who led the team that [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/new-year-brings-more-development-in-boston\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-01-09T05:48:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T09:37:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/01\/cresset-boston.jpg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-year-brings-more-development-in-boston\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/new-year-brings-more-development-in-boston\/\",\"name\":\"New Year Brings More Development in Boston - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-year-brings-more-development-in-boston\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-year-brings-more-development-in-boston\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/01\/cresset-boston.jpg\",\"datePublished\":\"2012-01-09T05:48:05+00:00\",\"dateModified\":\"2022-12-04T09:37:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-year-brings-more-development-in-boston\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/new-year-brings-more-development-in-boston\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-year-brings-more-development-in-boston\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/01\/cresset-boston.jpg\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/01\/cresset-boston.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-year-brings-more-development-in-boston\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New Year Brings More Development in Boston\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62\",\"name\":\"Veronica Grecu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93\",\"caption\":\"Veronica Grecu\"},\"description\":\"Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica\u2019s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.\",\"sameAs\":[\"https:\/\/x.com\/@VeraGrecu\"],\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/veronica\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"New Year Brings More Development in Boston - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/new-year-brings-more-development-in-boston\/","og_locale":"en_US","og_type":"article","og_title":"New Year Brings More Development in Boston","og_description":"By Veronica Grecu, Associate Editor The city of Boston is seeking proposals for a mixed-use development planned on a 20-acre, weed-infested area between Chinatown and South Boston. 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