reverend_paco
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This is back.
State is unbundling the easiest parcel and putting it up for sale:
State is unbundling the easiest parcel and putting it up for sale:
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MassDOT is looking to lease a one acre plot of state-owned land along Kneeland Street to a developer to build a mix of housing and commercial space. Known as Parcel 25, the site is just a stone’s throw away from South Station amidst highway on-ramps that connect the Leather District, Mass Pike and Central Artery.
Developers will be allowed to build up to 27 stories on the property, and must make at least 20% of the building’s housing units affordable, according to state officials. They say they hope to select a bidder for the site by the end of 2020.
Parcel 25 is the third state property in Downtown Boston to hit the auction block in the past two months. In late September, Governor Baker announced his intention to sell the Hynes Convention Center as part of a plan to finance the expansion of the Boston Convention and Expo Center. Earlier this month, the administration unveiled plans to sell the Hurley Building, a state office complex between Beacon Hill and Government Center.
This is not the first time the state has tried to spur private development on Parcel 25. The plot was part of a swath of land offered to developers in 2012 and 2016. Those plans, which included the adjacent decommissioned Veolia power plant and a handful of other government-owned parcels, failed to attract any viable proposals.