Wednesday, July 28, 2010

LOCAL NEWS: Fort Point building plan scaled back

A Boston developer is shrinking the size of a residential tower it wants to build in the city’s Fort Point Channel neighborhood.

Archon/Goldman Properties latest version of the plan for 319 A St. rear is a 21-story building with 184 rental apartments and four levels of above-ground parking. It previously had wanted to build a 25-story building with 232 apartments.

The building will replace a five-story warehouse currently used as artists’ work space. After consultation with city planners, Archon/Goldman opted to market the units as modestly appointed apartments attractive to young professionals or graduate students.

“The goal has always been to create something that is affordable and can also get developed,’’ said John Matteson, regional director for Archon Group, which is working with Goldman Properties in the joint venture. “We want a building that young professionals can live in.’’

The city is trying to lure younger residents to the Fort Point neighborhood as part of a broader effort to create a so-called innovation district, with technology and medical firms that typically employ large numbers of students and younger researchers. Matteson said 15 percent of the units will be set aside for affordable housing.

Archon/Goldman said it is still considering a version of the plan that would include 20 studio units built around shared kitchens, living rooms, and laundry facilities.

The plan needs approval from the Boston Redevelopment Authority. Construction would begin in 2012.

Casey Ross Boston Globe July 22, 2010

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