Boston Construction

More Than 61% of Boston Residential Units Approved in October are Income-Restricted

More Than 61% of Boston Residential Units Approved in October are Income-Restricted

This month, the Boston Planning & Development Board of Directors approved several projects that will result in new market-rate and income-restricted residential units, economic development, and jobs throughout the city. 

These new developments will create an additional 113 residential units, including 69 income-restricted units, 590 construction jobs, 315 direct jobs and 1,446 indirect and induced jobs.

The projects approved this month make progress on Mayor Martin J. Walsh’s goal of increasing affordable housing to support a strong middle class. This month, over 61 percent of new units approved by the Board are income-restricted. In September 2020, 271 new units, representing 90 percent of all new housing units permitted that month were income-restricted, the most in any month since 2014.

 

Upcoming Developments

Newly-approved 472 West Broadway will bring 16 residential, Compact Living Units to South Boston

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Live: 16 residential units compliant with the City’s Compact Living Policy
Work: 40 construction jobs
Connect: $20,000 in community benefits, transportation infrastructure improvements


472 West Broadway will construct a five-story, mixed-use building in South Boston with 16 homeownership units, 2 of which are income-restricted and includes a 1,839 commercial retail space on West Broadway.

The project is compliant with the City of Boston’s Compact Living Policy Pilot Program, which aims to increase options for housing in response to growing demand, promote sustainable development, encourage innovation and creative design solutions, and minimize potential traffic resulting from increased density.

 

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249 Corey Road in Brighton will create 34 rental units, 4 of which are income-restricted

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Live: 34 rental units, 4 of which are income-restricted
Work: 37 construction jobs
Connect: Contribution to BPDA’s ongoing Allston-Brighton Mobility Study


With a combined land area in both the City of Boston and the Town of Brookline, 249 Corey Road will redevelop the 16,685 square foot parcel in Boston into a four-story residential building containing 34 residential units, 4 of which are income-restricted. The project will also include 33 parking spaces and 33 bicycle storage spaces.


Mitigation and community benefits associated with the project include a contribution to the BPDA’s ongoing Allston-Brighton Mobility Study. The goal of the Allston-Brighton Mobility Study is to identify and develop a menu of options to improve mobility, safety for all modes, and quality of life for the Allston-Brighton neighborhoods.

 

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With public realm and pedestrian improvements, 401 Congress Street will create a dynamic destination in the South Boston Waterfront (Office Space)

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Work: 518,500 square feet of office and life science use workspace
Connect: 115,000 square feet of public realm improvements
Sustain: Sustainable and resilient design with LEED & WELL certification


Located in the South Boston Waterfront, the newly-approved 401 Congress Street includes the following components to transform the project site from an undeveloped area and parking lot into a dynamic, pedestrian friendly destination in Boston:


• New 17-story laboratory/research and development and office building totaling approximately 518,500 square feet with a lobby that will include spaces for cultural, retail, public access, amenity uses

• Approximately 50,000 total square feet of outdoor public realm space.

• Approximately 20,000 square feet of outdoor landscaped area, and 15,000 square feet of outdoor sheltered flexible space with a new land bridge for pedestrian connection.


The project will generate many benefits for the surrounding neighborhood and City of Boston as a whole, including a two-story public Great Hall with public access and use, fully accessible 24/7 elevator connection from Congress Street to World Trade Center Avenue, approximately $4.5 in Linkage payments to the City of Boston, and approximately $4 million in contributions to non-profit organizations.

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