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Chain Forge building in the Navy Yard approved by the BRA.
$85 million. Remediation work this year, construction start next year.
http://www.bostonglobe.com/business...w-buildings/Ze4nIcMtewhWRSirIVThhO/story.html
http://www.bostonredevelopmentauthority.org/projects/development-projects/chain-forge
Berkeley’s plans include an adaptive reuse of a three-story industrial building at 32 Cambridge St. — currently the home of Graphic Arts Finishers Inc. — into 52 apartments and 2,500-square-feet of ground-floor retail space. The project also includes demolishing an adjacent one-story building at 572 Rutherford Ave. and building a four-story, 119-unit apartment building in its place.
A letter of intent filed with the Boston Redevelopment Authority says buildings will be linked via a third-story connection and include features such as a courtyard, dog run and landscaped areas. The community will also have 16 surface parking spaces and 97 below-grade spaces.
I don't know that they have a developer with money for the rope walk building. The chain force building requires $10 million+ of remediation before they can start the renovation.does anyone know when work will commence on either the rope walk or chain forge buildings?
Indeed, in another vote yesterday, the board agreed to extend the time a developer has to arrange financing to turn the old Ropewalk building into apartments and a museum after it said arranging financing was proving more complex than expected due to the potential costs of cleaning up the building.
The BRA board yesterday approved a new way to spur more development in the Charlestown Navy Yard: Issue bonds to clean up decades of pollution that would then be repaid through the new tax revenue the development would bring.