At their first meeting back, councilors will pick up where they left off in June by considering a deal introduced by Mayor Thomas Koch to
sell a piece of city-owned downtown real estate to a big developer proposing apartments with ground floor retail.
The council's finance committee convenes Monday, Sept. 8, to consider Koch's deal to sell
1620 Hancock St. to
Boston Global Investors for $1.9 million, which is $300,000 less than the city paid when it took the property by eminent domain in 2022.
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Boston Global Investors plans to build a six-story, 150-unit apartment building with ground-floor retail at 1620 Hancock St. The project site also includes 1630 Hancock St., formerly
Good Health Natural Foods, which now stands vacant and would be demolished.
Plans for the 162,252-square-foot building include a parking garage in the basement and ground-floor levels with 110 spaces accessed from Mechanic Street.
The ground floor would house the lobby of the apartment building as well as a commercial space fronting Hancock Street. The residential units are a mix of 51 studios, 53 one-bedrooms, 40 two-bedrooms, and six three-bedroom apartments.