In the past 10 years, the landscape of South Boston has transformed right in front of our eyes. With new large scale developments like Washington Village and L Street Station on the horizon, the news that Gillette parent company Procter & Gamble is selling off 6.5 acres of the chunk of land it owns, should come as shock to no one. This parcel of land is located on a giant parking lot on A Street.
According to an article written by Jon Chesto in the Boston Globe, P&G has decided to be more of the 40 acres of land it owns after the successful sales of two smaller parcels. One section of land including a parking lot and two building went to General Electric. Last spring, P&G sold off a 10,000-square-foot lot at the end of Athens Street and a 30,000 square foot building and the lot next door off of A Street. Remember last June when developer bought Coppersmith and then the parcel right next door? Looks like lots of changes coming to that part of the neighborhood!
You can read the Globe article here!
Nothing I like more than a massive surface lot turned into useful space, bravo!
I can think of a handful of smaller, privately owned lots in Southie that would fetch a good price. Hint hint, nudge nudge.