According to Scott Dumont, director of development for Corcoran Jennison, rents will range from $1,000 for a studio to $2,200 for a two-bedroom. The proposal requires an official vote from neighborhood groups because the six, seven and 14-story buildings exceed the local height restrictions. Dumont confirms for GlobeSt.com that the company filed its proposal notification form with the Boston Redevelopment Authority and is waiting for city approval.

While Dumont acknowledges that there is some local opposition to the plan, he insists that the plan has engendered "a fair amount of support." He emphasizes that the complex will increase the supply of housing in the city, something that is desperately needed. Also, Dumont notes that the project caters to the mid-market sector, which, he tells GlobeSt.com, "has heretofore been underserved. The marketplace for this type of housing is strong."

Reportedly local residents are concerned that the studios, one and two bedroom apartments that Corcoran would like to build will attract transient dwellers who will not be tied to the greater community. Locals are also concerned that the 14-story building will block views of the water and will lead the way to other tall buildings being developed in the area.