BOSTON—The largest public housing development in the city is in line for a major upgrade and expansion.
The Boston Housing Authority has selected a team led by locally-based Corcoran Jennison to replace 1,100 existing public housing units in the Charlestown development and add another 1,300 units at the 24-acre site. The multi-phased initiative has been valued at approximately $1 billion at full build-out and is geared to creating a mixed-income community at the property.
The Corcoran Jennison team, which also includes Irvine, CA-based developer SunCal, bested three other developers for the project— Trinity Financial, Related Beal, and Lexington Park Partnership (Preservation of Affordable Housing/ Cabot, Cabot & Forbes and Bozzuto Development Co.).
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
