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Today -- something like 321 Harrison -- it is taken for granted that you would be able to finance it -- that would not have been true 15 years agoThese projects are a mile and a half apart in straight line distance. This project which is directly across the pike from Chinatown shows nothing about the feasibility of a project at Tremont Crossing. They are over a mile apart and this part of Boston where 321 Harrison is being built has been getting investment since the early 2010s the Ink block all together is a much larger project than this.
With all the open surface parking, the FAR at Ink Block is way below 6.5. FAR includes the total lot potential, not just the building footprint.
Exactly, less than a decade ago, the limiting factor in the New York Streets neighborhood was not the zoning, it was developer and financing confidence in the potential of the area.You might remember the developer had no confidence in the Ink Block and just built the initial building on the old Boston Herald foundation to save money. Of course the development was a big hit and construction was ramped up after that.
Today -- something like 321 Harrison -- it is taken for granted that you would be able to finance it -- that would not have been true 15 years ago
a large project in Roxbury near Tremont Crossing -- today is still iffy -- about where the South End and "its extensions" were back about the time Vertex Pharma moved to the Seaport
This expansion of what is do-able is a slow process -- absent something like a Vertex for guaranteed $ -- even having the land in the hands of the city -- and the city behind the concept --- still iffy