A New Boston Rental Apartment
News has been released that a luxurious, high-end rental apartment building with 190 to 200 units was proposed for in the Boston area by a local real estate development firm.
News has been released that a luxurious, high-end rental
apartment building with 190 to 200 units was proposed for in the Boston area by
a local real estate development firm.The firm is reportedly one of the largest
developers and property managers in the state. The firm in charge of the
overall operations of the building project has announced that they plan to
demolish all the three buildings currently situated on the site and erect a new
five-story tall building thereby making more Apartments for Rent Boston.Construction
is currently targeted to start in a years time from now.However, in order for
the project to actually commence, it will require changing the sites zoning
from institutional to multi-family residential usage purposes.Besides that, it
will also require the Boston Parks Commission to review it because the property
abuts the Jamaica-way and OlmstedParks.Pertaining to the demolition of the
current building situated on the site, it has to be reviewed by the Boston
Landmarks Commission before the demolition proceeds as scheduled.On the whole,
this project includes the building of a surface parking lot underneath the
building itself, with an estimated total number of 150 parking spaces as per the City of Boston
guidelines.The firm was reported to have said that they would do whatever the
City requires of them to do, but that they plan to minimize the number of
parking spaces available because residents tend to use public transportation
most often.The firm explained that the traffic flow will go through the
buildings two-entrance driveway and it will not have any Jamaica-way access.This
project also includes a gym, a patio and a common room with a kitchen for use
by residents and caterers alike.Under the Boston Redevelopment Authority
guidelines, 13% of the units will be made available for rent at affordable
rates.The new apartment building in Boston will have mostly studios and one
bedroom apartments but some of the units will be two bedrooms.In this way the
company is making it clear that they want to target singles and couples rather
than families and undergraduates.As of now, it has been pretty smooth sailing
for the developing firm in their project as they have paid numerous visits to
several prominent figures within the Boston property market to ensure that the
project is able to run smoothly and as scheduledComputer Technology Articles,
by making sure that their latest building complies with all the required
guidelines and such.
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This article was written by Bruce Garland.
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