Tom Nevers
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- Joined
- Jul 17, 2020
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On a MEREDA webinar this morning the developer of 5 India Street said that construction should get underway in the next month or so. He also said it will be a rental building and the units will be smaller, on the order of 500-600 sq. feet. The rendering he showed was the same as the one approved by the planning board.
All three of the developers on the call seemed to be in consensus that the future of development in the city, at least in the near term, is residential. They also each expressed major concerns about several referendums on the upcoming city ballot, in particular one that would increase the number of affordable or work-force units in new developments of 10 or more units. They basically said this would kill residential development in the city (because of the economics of it). They've got a website that describes their positions: https://www.buildingabetterportland.com/
Thanks for the update. I think the black cladding on 5 India shown in cosakita’s post at the beginning of this thread looks pretty awesome and hope that is still the plan.