Chinatown Garage Sold to NY Investor
A New York City investor has received $19.6 million in acquisition financing for a Chinatown parking garage after acquiring the property from Quincy-based Foxrock Properties.
A New York City investor has received $19.6 million in acquisition financing for a Chinatown parking garage after acquiring the property from Quincy-based Foxrock Properties.
A new report from the Metropolitan Area Planning Council suggests that the supply of parking in a multifamily building may affect who chooses to live there, and that Boston-area developers are building too much parking overall.
In Boston, the Government Center Garage is a multiblock structure that once fulfilled a practical purpose. Since the garage opened in the late 1960s, it has provided more than 2,300 parking spaces with easy access to I-93 for commuters of downtown Boston.