If you follow South Boston real estate news, you probably noticed that the Old Edison plant project went radio silent. Well, Redgate Capital Partners filed supplemental info with the Boston Planning Development Agency on Monday.
HRP 776 Summer Street LLC proposes to redevelop an approximately 15.2-acre site located at 776 Summer Street in the South Boston neighborhood. The proposal entails approximately 1.93 million square feet of occupiable space, including: approximately 1,344 residential units, approximately 368,070 square feet of office uses, approximately 85,630 square feet of retail uses, 344 hotel rooms, and up 1,397 parking spaces. The proposal will also preserve several historic buildings on the site and provide 5.5 acres of new outdoor public spaces, including approximately 2.5 acres of open space on the waterfront.
In the newest info filed, this project now contains 60 percent commercial use, including the conversion of two buildings near Conley Terminal from residential to commercial use. The shift in use combined with an overall program reduction of approximately 150,000 square feet reduces the number of proposed housing units by almost half (44%). You can read the details here.
Statement from Ralph Cox, Principal at Redgate
“Yesterday we filed an amended proposal, based on the input we received from the South Boston community, that rebalances the L Street Station project by increasing the commercial space to 60% and decreasing the residential space to 40% of the overall project. As requested during the public review of the DEIR/DPIR, we have also included analysis of an all-commercial project. We look forward to hearing from the neighborhood, City of Boston, and elected officials during the upcoming public comment period.”
A community meeting will be held on Monday, August 5th from 6pm-8pm at the Tynan School to discuss.
What do you think? Is increasing commercial space and reducing housing the solution to this project getting approved? Comment below.