BRA May Nix Permits For Charlestown Condo Project
By Paul McMorrow
Banker & Tradesman Staff Writer
01/11/10
The Boston Redevelopment Authority is preparing to yank development permits from a stalled 85-unit residential project in Boston's Charlestown neighborhood.
According to a draft agenda for tomorrow evening's BRA board meeting, the authority is seeking to pull an LLC controlled by New York developer Martin Oliner off Pier 5, a 3.8-acre waterfront parcel situated in the Charlestown Navy Yard.
Oliner and the BRA battled in court over several Navy Yard parcels in the early part of the decade. Since late 2004, he has been permitted to build a five-story building containing 85 condominiums and 10,000 square feet of retail.
Boston's luxury condo boom came and went without any action on the pier's aging pilings, which abut the Flagship Wharf luxury condo development and feature sweeping views of the city skyline.
If the de-designation is approved, the parcel will go out to bid again.