Hudson Group amends Greenway tower plan
Tuesday, September 7, 2010, 11:30am EDT | Modified: Tuesday, September 7, 2010, 11:48am
The developer of the proposed 120 Kingston Street condo and retail site along the Rose Kennedy Greenway near Chinatown has asked to expand the project?s number of housing units and introduce a ?rental component? required to ?make the plan feasible.?
Hudson Group North America LLC, headquartered in Swampscott, Mass., said the new blueprint is a response to ?current market conditions? and will provide it the flexibility needed to keep the project afloat. The outline was filed last week with the Boston Redevelopment Authority, which must give Hudson Group the go-ahead before the new plan can progress.
Among the proposed changes is an expansion of the project?s gross floor area, to 228,865 square feet from 209,255 square feet. That layout will help accommodate an additional 53 housing units on top of the project?s original tally of 147 condominiums. Hudson Group did not detail how or if the project?s housing units will be divvied, in terms of being rental units or condos. Rather, the filing simply sought permission to incorporate rental units.
The new plan also calls for 25 fewer parking places, a change that will be offset by a new shuttle service available to residents, according to Hudson?s filing with the BRA.
Hudson Group bought the project site, formerly known as the Dainty Dot Hosiery building, in September 2006 for $9 million. In March 2007, the Boston Business Journal reported that Ori Ron, a principal at Hudson Group, was filing a project notification form with the BRA for that site and a nearby parking lot that will be turned into 50 rental units, 27 of them affordable.
The new plan also calls for an expansion of the tower?s ground-floor retail space, to 5,000 square feet from 4,00 square feet. The filing did not detail any changes to the previously planned rental development down the street.
Read more: Hudson Group amends Greenway tower plan - Boston Business Journal
