Image courtesy of Stantec

The Boston Planning & Development Agency board approved a tower funded in part by affordable housing payments from Millennium Partners’ Winthrop Square tower, which will also contain a new Boston Public Library branch on the ground floor.

Last night’s vote clears the way for the parcel 12c tower from the Boston-based Asian Community Development Corp. The building at 290 Tremont St. will contain 168 affordable homes – 63 condominiums units and 105 rental units – plus a 200-key hotel 2,500 square feet of ground-floor retail and an 8,000-square-foot permanent Chinatown branch of the Boston Public Library, a first for the neighborhood.

The tower’s financing includes $15 million from Millennium Partners, builders of the $1.3 billion Winthrop Center skyscraper. Millennium designated the Asian CDC the recipient for its payments under Boston’s Inclusionary Development Policy stemming from the tower, which will include 500 market-rate luxury condos. Asian CDC is seeking low-income tax credits and city of Boston housing subsidies to round out the estimated $89 million financing package, as Banker & Tradesman reported last year.

The board also approved several other projects at the same time, totaling 625 housing units, inluding 433 income-restricted units:

J.J. Carroll Redevelopment, 130 Chestnut Hill Ave., Brighton
Developer:
2Life Communities
Size: 180,000 square feet in 6 stories on 1.86 acres
Units:
142 seniors-only affordable apartments

2147 Washington St., Roxbury
Developer:
DREAM Collaborative
Size: 81,846 square feet in 6 stories on 0.53 acres
Units: 74 units – 62 affordable apartments, four market-rate condos and eight affordable ones – plus a 2,500-square-foot retail space for the Haley House Bakery Café

6 Glover Court, South Boston
Developer:  Joseph V. Argus
Size: 33,546 square feet in 5 stories on 0.25 acres
Units: 34 condos, including 6 affordable units, split between two- and three-bedrooms

100-110 Lincoln St., Brighton
Developer:
Greg McCarthy
Size:
43,180 square feet in 5 stories on 0.31 acres
Units: 
32 two-bedroom condominiums, including 6 affordable units

150 River St., Mattapan
Developer:
Caribbean Integration Community Development
Size: 29,320 square feet in four stories on 0.97 acres
Units: 30 affordable, seniors-only apartments

BPDA OKs Chinatown Affordable Housing-Library Tower, and More

by James Sanna time to read: 1 min
0