Fort Point Channel / Innovation District / Seaport District / South Boston Waterfront apartments on tap
Apr 2011 15

As many as 74 new apartments are coming to the hot Fort Point Channel / Innovation District / Seaport District / South Boston Waterfront neighborhood.

The Boston Redevelopment Authority gave approval to a proposal to renovate existing buildings into 74 apartments at 49/51/63 Melcher Street. The development team includes partners Archon Group and Goldman Properties.

The plans for these buildings have been modified over the years. Originally proposed as residential housing, the developers then wanted office buildings, which the neighborhood opposed, in the hopes that the neighborhood would become a “real” neighborhood and not an extension of the financial district.

The current plan is to include both residential and office space in the project.

Unique to this project, 38 units will be market rate and nine considered “affordable-rate”, meaning renters will need to qualify on income. The remaining 27 apartments will be “innovation units”, targeting those people who cannot qualify for the affordable units because they make too much money but do not have the means to pay market-rate. These units will be smaller than the other units in the building and have “flexible layouts”(?) but tenants will have access to shared common areas.

Construction on Phase I may begin this fall.

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