Even with the current economic environment, Menino and the BRA are looking forward on development, specifically along the corridor between the Back Bay and Theatre District along Stuart Street. They have recently come out with new development guidelines in this area which would allow developers to go well above the height restrictions to over 400+ feet. However, there will be some trade-offs.
For developers to go above and beyond the 400 foot mark they must provide the following:
- Incorporate advanced sustainability methods” at Leed Gold level or net zero energy consumption.
- If there is already a “Historically Significant” building on the site, the developer must preserve the facade
After the developer meets these guidelines, they then must choose one of the following:
- Pay for affordable units to be built. Either make 15% of the project affordable or build affordable housing elsewhere
- Contributing to a “street scape/pedestrian and bicycle fund.” This is basically a fund to improve pedestrian street conditions
- Provide “publicly accessible art” of their own, or donate to the Fund for Boston Neighborhoods.
While these options might not sound that bad, they must account for .5% of the total project which can really add up on a $200-300m project.
Some people are moaning and groaning about these new guidelines saying that basically “anyone” can have a “400 foot tower”. I think it is good for the city. New buildings bring jobs and excitement to a city. As they say, f you aren’t growing, you’re dying.
Check out some of Boston’s newest luxury condo highrises right here:
- The Clarendon Back Bay
- The W Boston Residences
- 45 Province
- One Charles
- Atelier 505
- The Ritz Carlton
- Midtown Boston Luxury Apartments
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
