
One Mystic Gets $25.8M Bridge Loan
A $300 million apartment tower approved for a Charlestown industrial site received $25.8 million in financing as developers prepare for a projected groundbreaking as soon as 2025.
A $300 million apartment tower approved for a Charlestown industrial site received $25.8 million in financing as developers prepare for a projected groundbreaking as soon as 2025.
Boston planning officials gave their OK to a major rezoning of Charlestown’s industrial areas Thursday night, the penultimate step in paving the way for major commercial and residential growth around the neighborhood’s subway stops.
Developers would find a clear pathway to build higher-density projects lining the upper deck of Interstate 93 at Boston’s northern gateway under a rezoning plan nearing the finish line.
The developer proposing a 636-unit housing tower in Charlestown that’s been subject to a lengthy delay in its approval replied to critiques with a full-throated defense of housing creation next to public transit.
Another high-rise apartment complex is proposed in Everett’s Commercial Triangle steps from the planned Sky Everett tower.
After eye-catching plans were released for the 29-story “One Mystic” apartment tower in Charlestown, questions remained about the little-known firm behind the project.
A 29-story residential tower anchored by a Boston Public Market-style food hall and topped by a sky lounge and rooftop pool would rise in an industrial section of Charlestown under development plans submitted to Boston officials.
Plans are in the works to propose a 334-foot tower in Charlestown’s Sullivan Square, according to a letter of intent filed with city of Boston officials Tuesday afternoon.