BRA OKs $138 Million Mixed-Use Development in Mission Hill
- Sep 29, 2014
The Boston Redevelopment Authority (BRA) has approved a much-needed redevelopment plan for Parcel 25, an approximately two-acre lot bordered by Tremont, Gurney and Station Streets in Boston’s Mission Hill neighborhood that was previously owned by the MBTA.
The blighted parcel will be revitalized by non-profit Mission Hill Neighborhood Housing Services (MHNHS) through its development arm, Mission Hill Parcel 25, LLC. According to project plans that were filed with the city’s redevelopment authority in June this year, the developer plans to invest $138 million to replace the vacant lot with a mixed-use complex that will be built in three phases over an anticipated span of five years. However, MHNHS hasn’t selected a contractor and still needs to secure financing before work can begin, the Boston Business Journal reported.
At 305,750 square feet, the redeveloped Parcel 25 is expected to become a catalyst for the Roxbury Crossing area and for the entrance to the Mission Hill neighborhood. When fully completed, the project will have 98,000 square feet of residential space with 88 affordable apartments in a mix of one-, two-, and three-bedroom units, 10,000 square feet of retail, 196,500 square feet of office space, as well as 1,250 square feet of community space and around 200 surface and underground parking spaces.
The project is expected to start during the fourth quarter of 2015. It was designed by Goody Clancy, the architecture firm that also worked on the conceptual plans for the $15.9 million affordable senior rental complex that MHNHS is building nearby, at 30 Gurney Street.
According to the BRA, the Parcel 25 redevelopment is expected to create more than 400 construction jobs, as well as 400 to 800 commercial and retail jobs once the project reaches completion.
Rendering courtesy of MHNHS via BRA