News & Updates

Waterside Place to Bring New Residential, Office & Retail to South Boston Waterfront

Aug 18, 2010

The BRA Board approved the Waterside Place project which will bring a new 21-story, 376,300 square foot development with residential, office and retail uses to the city’s Innovation District within the South Boston Waterfront. Previously approved in 2007, the developer will now construct the project in phases, beginning with Core Block North, and to build rental apartment units as opposed to condominium units. The project, as modified, will include approximately 234 rental apartment units, approximately 72,000 square feet of retail space, including a grocery store and pharmacy, approximately 185 above-grade parking spaces and an approximately 14,000 square-foot Innovation Center that will provide office/flex/IT rack space for small entrepreneurial and developing companies.

The $132 million phase-one project is expected to create 300 permanent jobs and 800 construction related jobs. The development team plans to begin construction in the second quarter of 2011 with an estimated completion date in approximately the first or second quarter of 2013. The project is located on what is known as the Commonwealth Flats Development Area (CFDA) and is owned by the Massachusetts Port Authority (Massport). Phase one of Waterside Place will replace three-acres of vacant land, further enlivening the South Boston Waterfront by creating new and improved streetscapes and public spaces.

The development team includes The Drew Company, as the developer; TRO Jung
Brannen, as the project architect; The HYM Investment Group, LLC, as residential advisors; Epsilon Associates, Inc. as the permitting consultant; and Goodwin Procter LLP as legal counsel.

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