Chelsea Infill and Small Developments

[stick n move]

It kinda looks like the suburban office park version of Ak Saray

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[Javier]

 

[#bancars]

A few random shots from Admiral Hill this morning. Not sure if there's another general Chelsea thread that would be better suited for these photos!

 

[scorpio02150]

Chelsea waterfront site to be auctioned following foreclosure
A 17.7-acre waterfront site in Chelsea is set to be auctioned off next month after a bank foreclosed on the property, which was approved three years ago for almost 600 residential units. That permitting will soon expire, according to a city official.

https://www.bizjournals.com/boston/news/2022/09/28/chelsea-waterfront-auctioned-foreclosure.html

 

[scorpio02150]

Per a recent Boston Globe Article, the Forbes auction that was suppose to take place Today, Oct 7th, was cancelled. City Manager mentioned that they City learned that there was an unknown party who probably wanted to make a lucrative offer to purchase the site.... site would be a battery facility (maybe Tesla?).

Tesla has been actively trying to have the City re-zone the former Boston Paintball Area (Home Depot Plaza) so it can be a future Tesla Body Shop Facility.

 

[scorpio02150]

The former Salvation Army Retail location in downtown Broadway, slated to be a mix of 28 affordable rental & home ownership units has been updated to be all affordable home ownership units in light of a new financing opportunity for affordable home ownership.

This change also allows for the project to start a year earlier... construction may now begin as soon as fall 2023.

 

[scorpio02150]

The City's planning board approved the TND- 170 Cottage Street development project slating way for 66 affordable units (12 one-bedroom apts, 43 two-bedroom apts, 11three-bedroom apts) and 72 underground parking spots. This project will also include an open green space.

Developers hope to start construction as soon as spring 2023.

 

[Vagabond]

City Manager mentioned that they City learned that there was an unknown party who probably wanted to make a lucrative offer to purchase the site.... site would be a battery facility (maybe Tesla?).

A grid storage facility or battery manufacturing? Wholly unsubstantiated idea - Form Energy just got a LOT of cash.

 

[scorpio02150]

A grid storage facility or battery manufacturing? Wholly unsubstantiated idea - Form Energy just got a LOT of cash.

“battery storage plant for renewable energy”

 

[scorpio02150]

Forbes Site update by GreenRoots on 10/7/22:

The owner has worked out a settlement with the Bank to avoid foreclosure. As a result, the planned auction will not take place, however, GreenRoots (and any other party) will be outreaching the Forbes owners with purchase proposals.

GreenRoots was ready to bid $6+ Million for the site.

More information to come...

 

[curcuas]

The City's planning board approved the TND- 170 Cottage Street development project slating way for 66 affordable units (12 one-bedroom apts, 43 two-bedroom apts, 11three-bedroom apts) and 72 underground parking spots. This project will also include an open green space.

Developers hope to start construction as soon as spring 2023.

Wow, Chelsea needs to end parking requirements. 72 space underground garage will be driving the cost of this way up.

Unrelatedly, are there any market rate proposals making it through in Chelsea? Or just affordable?

 

[Javier]

 

[DZH22]

IMG_0162 by David Z, on Flickr

 

[DZH22]

Is this thing ever going to finish? There's a huge pile of dirt that must have been there for years at this point.

IMG_0715 by David Z, on Flickr

IMG_0752 by David Z, on Flickr

 

[stick n move]

Not every new building is aimed at life sciences

“Boston Real Estate Times reports Hines has broken ground on a new warehouse and distribution building in Chelsea, its first industrial project in the Boston area.”

https://www.universalhub.com/2023/not-every-new-building-aimed-life-sciences

https://www.hines.com/properties/chelsea-point-chelsea

 

[stick n move]

Massachusetts Development to Bring a Mix of Housing Opportunities

“MassHousing is providing $10.4 million in financing to The Neighborhood Developers (TND) to transform a former light industrial site into 62 new mixed-income rental and homeownership units in Chelsea, Massachusetts.


As part of the 25 Sixth Street development, TND will create six new homeownership units, which will be affordable to moderate-income first-time home buyers under MassHousing’s CommonWealth Builder Program.

The Legislature has committed $115 million in federal funds from the American Rescue Plan Act (ARPA) to scale up the CommonWealth Builder program, and 25 Sixth Street is the first homeownership project in Massachusetts to utilize ARPA funding, according to officials.”

https://www.housingfinance.com/deve...ent-to-bring-a-mix-of-housing-opportunities_o

 

[Vagabond]

Chelsea Soldiers home is complete and moved in!

New residents set to move into Chelsea Soldier's Home after investigations

20 residents will be moving into the newly constructed Veterans Home after the facility obtained licensure as a skilled nursing facility from Department of Public Health this week. The first 20 residents are transitioning into the building on Wednesday, October 18. “Today represents the start of...

www.nbcboston.com

 

[Aprehensive_Words]

I love the obvious construction worker (those biceps and boots....) drafted in as a scaley for the photos.

A nice-looking building, all around!

 

[stick n move]

I know Ive said it before but man every time I see this I think of Ak Saray in Ankara.

 

[stick n move]

Chelsea Multifamily Approved​

“Broadway Capital Inc. has won approval for their upcoming development project, "The Quinn" along Williams & Pine Streets in Chelsea. The project will create 20 new affordable/workforce housing units. Construction is expected to start in the next few months.”

https://www.bldup.com/posts/chelsea-multifamily-approved