A “significant” change in housing demand and economic conditions prompted a Newton developer to reduce the size of a planned $300 million residential tower near Sullivan Square in Charlestown while adding 221 for-sale units.
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.
It’s hard not to see the proposed One Mystic residential tower in Boston’s Sullivan Square as a test case for whether the Wu administration can follow through on its housing production rhetoric.
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.
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.
