Another large-scale development coming to Old Colony and Dorchester avenues.
Hang onto your hats, more changes coming to the neighborhood
A 5 acre mixed-use real estate development is in the works at Old Colony and Dorchester avenues. According to the Boston Globe, the owners of Castle Self Storage, the car wash, and repair shops in that stretch have partnered with Cottonwood group on a financing agreement. Cottonwood is the real estate investment firm behind the $1 billion EchelonSeaport.
As part of the deal, Cottonwood will provide $130 million in loans for the land, for debt, refinancing mortgages, and new acquisition financing for seven parcels. The owners plan to redevelop the land into housing, offices, hospitality or hotel space and…a life-science facility.
This part of the neighborhood is undergoing many big changes including the Iron Works lab and residential complex across Dorchester Avenue from Cottonwood’s site. Plus the old Cole Hersee building into an office and retail complex – home of Castle Island Brewing, Tatte Bakery, and the soon to open PKL.
Down the way, Core Development is in the process of developing On The Dot which includes four buildings of lab, residential, and other commercial uses. Also in this area is the Washington Village complex that is now under construction.
Pretty soon we’re not going to recognize this part of the neighborhood.
Maureen Dahill is the founder of Caught in Media. Once a longtime wardrobe and prop stylist for brands such as Rue La La, TJ Max & Hasbro, she is a devoted lover of vintage clothing, Martini Mondays, Castle Island, AND a 4th generation South Boston native.
Bummer. I use those car vacs in that lot all the time.
Wow, Southie is always changing and I sure miss it.
Boston is not for Bostonians anymore.
Stop the construction destruction!
Stop the construction destruction of Southie!
Pretty soon we will all be underwater living , again .
Destroying southie with all this construction but they’re gonna have to deal with the junkies and the homeless people
This is exactly what PLAN: DOT AVE calls for in this corridor. The Plan was the product of years of meetings and groups and based on what people said they want. As for opposing comments: you think what’s there now is better? 😂