A B & W Building (157 Washington Street)
We closed on acquisition of this 28,000 industrial building in July 2007. Located 1 block away from the proposed Four Corners Fairmount/Indigo Line stop, this is a key transit oriented development (TOD) project. We will replace the existing building (while saving the historic fa?ade), with a new, 3 1/2 story mixed-use development. It will include retail spaces facing a public plaza on Washington Street, plus 24 limited equity co-op units. A thorough community process for the project culminated in broad agreement for our modified development program. The process included extensive work with a neighborhood committee, to understand the challenges and opportunities of co-ops, and to set basic guidelines for the co-op corporation. We are also putting special emphasis on ?greening? this building, as a model for future sustainable development. We have won nearly $2 million in City funding commitments, and expect to receive final State commitments by December ?09. Construction start is planned for 2010, so the project can be completed and occupied in time for the opening of the Four Corners Fairmount station in 2011. As a key Fairmount/Indigo Line TOD project, we are keeping close track on lessons to be learned for similar projects around the new Talbot Avenue and Four Corners Fairmount stops.