Iconic Fort Point Landmark, Boston Wharf Co. Building Could Soon Have Residential Units
We’ve all seen the red neon sign on Summer Street that reads “Boston Wharf Co. Industrial Real Estate.” Well, a developer would like to convert this building from commercial into mixed-use with 77 housing units in addition to commercial space.
Developer Adam Burns plans to convert the eight-story office building at 263 Summer St. into a mixed-use property with 77 housing units, according to an application with the city for a tax break under Mayor Michelle Wu’s conversion program.
Under the city’s office-to-residential pilot, owners of downtown office buildings can get a 75% residential tax break over 29 years. In exchange for the tax break, they must rent at least 20% of the units as affordable.
The building was recently acquired by Burns firm Boston Pinnacle Properties for $17M.
You can read all the details here.Â
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. Mother of three, married to Peter G.
It appears Adam Burns wants to “develop” quite a few buildings in the South Boston area & make a big name for himself. Mr Burns is also the person who is suing the long standing Lithuanian Club . This establishment has been on West Broadway for 125 years. It is time for the South Boston residents to stand up against Mr Burns and other newcomers made of the same cloth. Our town has been taken over by greedy out of towners that have no regard for the people that live here. The last straw for me was when Mr Burns intentionally bought the home behind the Lithuanian Club and has been trying to close it due to the loud noise,which in turn, will stop all the fundraising benefits that go on there because it is “too noisy”. Shame on him for going to such lengths to try to destroy this 125 year old establishment so he can “redevelop” the building! He has a cold hearted demeanor with no respect for the people of South Boston. Perhaps he should go back to Rochester, NY and try to better the town he came from.