258 and 262 Washington St. (right) seen in 2022. Photo by James Sanna | Banker & Tradesman Staff / File
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.
KS Partners estimates the cost of the project at 85 Devonshire St. and 258 and 262 Washington St. at $36 million.
The properties contain three connected 11-story buildings completed in 1899, including nearly 16,000 square feet of retail space that would remain.
What else is on tap today?
- Stadium Plans Hit by Lawsuit: The Emerald Necklace Conservancy is seeking to block Boston Mayor Michelle Wu’s “breakneck pace” to partner with a private developer on a new women’s professional soccer stadium.
- Big Banks’ Outlook Improves: While credit conditions are still expected to weaken compared to their strong position in the last few years, economists at the nation’s biggest banks have come to view the situation with more optimism due to better economic growth.
- 1.4K New Dorm Beds: New dormitories, academic facilities and a fieldhouse would be built on Wentworth Institute of Technology’s campus under updated plans for the school’s ongoing transformation of its 31-acre campus.
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- As a former bakery owner and chamber of commerce leader, Julie Copoulos has first-hand experience with the hurdles that entrepreneurs face in Massachusetts’ Gateway Cities that she applies as Pittsfield’s new transformative development fellow.
- A bill making its way through Congress could spark the largest increase in resources for affordable rental housing in nearly a quarter of a century and reduce project costs.
- Boston’s biggest new luxury condo building delivered last year with many luxury bells and whistles. But its developer is still having to offer a $5,000-per-month rent-to-own program to try and accelerate sales.
