Re: One Canal (formerly Greenway Center, Bullfinch Triangle)
http://bostonherald.com/business/re...on_to_start_on_12_story_tower_on_canal_street
Construction to start on 12-story tower on Canal Street
Wednesday, October 2, 2013
By:Chris Cassidy
Construction will begin on a 12-story housing and retail tower on Canal Street, just a block from the TD Garden, as early as next week in a deal announced today between developers and state officials.
Trinity Financial will construct 310 housing units, 147 parking spaces and ground-floor retail as part of a project called One Canal Street on a mostly empty grassy area owned by MassDOT across the street from the Haymarket bus stop and Government Center garage.
Retail space at ground level will be specifically designed to accommodate a supermarket, the company said.
The $190 million project is part of a 99-year ground lease with MassDOT.
Trinity will construct the project. Aimco, a real estate investment trust, will own and operate the building.
The project also will be built over the Grand Canal’s large outdoor patio, which has already been taken down, said Trinity Financial Vice President Abby Goldenfarb. That deck had been part of a temporary lease between the bar and the MBTA, she said.
“We are thrilled to be able to announce that the project is moving forward,” said Goldenfarb in a statement. “The West End and North End communities have been looking forward to construction for over a decade and we appreciate their support and patience as we worked through a number of complex challenges to get this project underway.”
Expect construction vehicles on the site as early as next week and a groundbreaking later this fall, the company said.
http://bostonherald.com/business/re...on_to_start_on_12_story_tower_on_canal_street