Related Beal and DREAM Development propose 402 units of affordable and workforce housing on the site of the Boston Water & Sewer Commission's parking lots in Roxbury. Image courtesy of Related Beal and Dream Development
Two development teams are seeking to build hundreds of apartments and condominiums in a neighborhood where a history of redlining created barriers to wealth-building through real estate ownership.
The city of Boston is seeking developers for a 4.4-acre site off Harrison Avenue in Roxbury occupied by parking lots for the Boston Water and Sewer Commission.
Banker & Tradesman got a look at plans from both teams – Related Beal and DREAM Development’s five-building proposal and a separate, six-building pitch from Beacon Communities, Madison Park Development Corp. and JGE Enterprises.
What else is on tap today?
- Big TOD Building Opens: The first residential building at the Allston Yards redevelopment has begun leasing 165 apartments in preparation for its scheduled spring opening.
- Big Industrial Park Pitched: After approval of the largest industrial project in Pepperell history, a developer has selected JLL to market 450,000 square feet at a planned new logistics park.
- Milton’s Lawsuit Strategy: The Milton Planning Board signaled Thursday night that it intends to develop two zoning plans to comply with the MBTA Communities law, depending on whether it can convince state officials to stop calling the Mattapan trolley “rapid transit.”
Who’s on the move?
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Show me the data!
Here’s who’s leading the pack among Suffolk County mortgage lenders.
What did I miss?
Here’s what you might have missed in Sunday’s newsletter. Not a B&T subscriber? Fix that here.
- Massachusetts banks, credit unions and mortgage companies all took major hits in residential lending, but there were a few brights spots that helped some lenders come out on top.
- Robert Cashman’s life has been intertwined with Metro Credit Union from the start: his grandfather founded it and his father led it. Now, he’s leading the Chelsea lender to new heights.
- The dream of frequent, electrified suburban trains in Greater Boston has long seemed perennially on the horizon. Could this time be different? Indications are, yes. And housing developers should start keeping an eye on the project.
