News & Updates

Mayor Menino Announces 45 Stuart St Approved by BRA Board

Nov 18, 2011

Private investment / Total project cost: $125 million Total square footage: 384,000 sq ft, not including parking Number of jobs:
  • construction jobs: 600
  • permanent jobs once built: 15-20
Housing: 404 residences, including 40 on site affordable The BRA board unanimously approved the construction of a 29 story building that will tie together the Downtown, Chinatown, and Theater District neighborhoods.  The $125 million project will add approximately 404 new residences to the area answering Mayor Menino’s calls for more housing in the area, including 40 on site affordable units. The 384,000 square foot “L”-shaped building will replace a surface parking lot at 41-45 Stuart Street.  The 404 housing units will be located on floors six through 29 and include studios and one and two bedrooms.  The residences will provide new opportunities for a variety of income levels to complement the surrounding cultural, medical, and educational activities.  A 198 spot parking garage will be located on the first five floors of the building and 89 of them will be available to the public. The development site is located next door to Jacob Wirth’s, a historic restaurant that has been at that location since 1878.  An innovative 5-story glass curtain wall facing onto Stuart Street will align with the façade of the neighboring establishment and mask separate vehicle and pedestrian entrances to the building.  Inviting signage and lighting at the Stuart Street pedestrian entrance will be an iconic addition to the streetscape and create a vibrant walking zone.  Pedestrians will be able to cut through the building from Stuart Street to LaGrange Street. In the last two months the Mayor has celebrated groundbreakings at The Kensington and Hayward Place just down the street.  With the approval of 45 Stuart Street and planned housing at Parcel 24 on Hudson Street, the neighborhood is poised to gain close to 1,400 new housing units. AvalonBay filed a Project Notification Form (PNF) in August 2011.  Construction is expected to start in summer 2012 and will create 600 construction jobs and 15-20 permanent jobs. The development team includes developer AvalonBay Communities, CBT Architects, permitting consultant Exclusive Real Estate, and legal counsel Goulston Storrs.    

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