Boston Set to Extend Residential Conversion Program
Developers would get another 12 months to submit office to residential conversions and qualify for tax breaks under a proposal by Boston Planning Department leadership.
Developers would get another 12 months to submit office to residential conversions and qualify for tax breaks under a proposal by Boston Planning Department leadership.
After submitting notification for a planned 92-unit apartment conversion, a New York developer acquired a largely vacant South End office building for $24 million.
A Boston developer submitted plans for a 70-unit office-to-apartments conversion in the Financial District.
A local developer plans to acquire a Fort Point office building and begin a $39-million housing conversion creating 77 apartments.
A South End property acquired last year from Boston University will be converted into 24 housing units under proposed expansion plans by a Boston developer.
Three downtown Boston office buildings would be converted into 95 apartments in the latest proposal responding to the city’s offer of tax breaks for residential conversions.
A Financial District office building is the first property to seek approval under Boston’s new residential conversion program offering property tax breaks to developers.
Following over two years of review that prompted major changes, Boston-based Core Investments received approval to build 11 commercial and residential buildings totaling nearly 3.8 million square feet on South Boston’s Dorchester Avenue.