The bids ranged from $13 million to $23 million but all are for mixed-use projects, as specified by the BRA, with proceeds going towards building a school in Chinatown. No specific date has been set for final selection of a building plan.
New Development Capital Partner's $13-million bid involves an eight-to-13-story building with seven floors of office space as well as condominiums. Charles E. Smith Realty's bid--also coming in at $13 million--includes a 16-story building with 15 floors of rental units and 17,500 sf of ground-floor retail. Keen Development Corp. also came in with a $13 million bid but added an option for a $14.5 million bid if the BRA would allow a building higher than the current 155-foot limit. Keen proposed putting in 150 units, 40 extended apartments and retail space.
Trinity Financial's proposal includes building the school on the site on 150,000-sf of space. The remaining project would include 185 mixed-income housing units. Avalon Bay Communities' $19 million bid involves 300 housing units.
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