- May 6, 2007
- Reaction score
LOI: https://bpda.app.box.com/s/xk01fbjnrmpjs01j7rfw2of9nzkddmgfBerkeley Investments (the "Proponent"), through its subsidiary Berkeley 176 Lincoln Holdings, LLC, filed a Letter of Intent ("LOI") with the Boston Planning & Development Agency ("BPDA") on July 13th, 2020 for the proposed redevelopment of the approximately 5.2-acre site at 176 Lincoln Street in the Allston/Brighton neighborhood of Boston. The LOI calls for the demolition of the existing and long-vacant building on site, and details the Proponent's proposal for the creation of a new, three (3)-building, mixed-use project totaling approximately 815,000 total square feet (the "Proposed Project"). The Proposed Project is contemplated to include approximately 548,000 square feet of office and/or research and development space in two (2) primarily commercial buildings, while one (1) primarily residential building is anticipated to include approximately 314 residential units. The ground-floor of each building will be activated on all sides, with approximately 20,000 square feet of retail space included across the Proposed Project. Vehicular parking for the Proposed Project will be available in a shared below-grade parking garage.
Despite the red-hot real estate market, Boston still has buildings in prime locales that have remained vacant for ages. We sought out their owners to find out why.