A spokesperson for the Boston Redevelopment Authority, confirms for GlobeSt.com that New Jersey-based Roseland has indicated its plan to shift its project from rental units to condos. Calls to Roseland's local office were not returned by deadline, but they spokesperson tells GlobeSt.com that because Pier One is in its final stages of its permitting process the BRA will be requesting additional information on the developer's plans. "There doesn't need to be a new filing. We just need supplemental information."
The spokesperson adds that the proposal will probably require a public comment period about the shift before being approved. Pier One is being developed on 68 acres of waterfront property owned by the Massachusetts Port Authority. The development includes a refurbished shipyard and an expanded marina and is part of an effort by the city to revitalize this gritty industrial area.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
