I personally like this building and think that Boston needs more building of a similar density.
It's an okay looking building. Nothing special but not awful either.
But I do agree that this type of density and price range is what the city needs to keep the working class in town. If the local government can create enough incentives for developers to build these types of buildings so that they can get the same return on their investments as they would with luxury condos, go for it.
Hidden motivation for the project - it's now a parking garage for LoveJoy residents.
It looks like there is one or maybe two levels of parking between the ground floor and the floors above. If you look at the rendering there is a one or two floor height section right above the ground floor with a very different facade treatment from the floors above and below.
Related Beal unveils housing plan for Bulfinch Triangle parcel
4/29/2015
with 239 apartments, each priced at rents well below the going market rates. A little more than half of the units would be so-called workforce housing for middle-income tenants, with the rest aimed at low-income residents....
According to the Globe:
To qualify for the 132 workforce apartments, residents would have to earn between 120 and 165 percent of the median income, which for a two-person household in Boston is $78,800, according to the Boston Redevelopment Authority. The remaining units would be reserved for residents earning between 30 percent and 120 percent of the median income.
So -- what about a real family of say a fireman and a teacher making a bit over $100,000 with 3 young kids
Just for the record, the average Boston firefighter made $109,090 in 2013 while the average Boston teacher made $79,263. Plus there was another 18.8% pay hike for Boston Fire agreed to last year.
I don't mean to take this conversation any farther into the weeds, I'm just tired of people always citing police and fire as the struggling middle class.
Um Whigh I'm not sure what in my post you were responding to all I talked about was parking and where it looked like they had located it. I know you mentioned it but really it seems like a stretch to say you were responding to what I wrote.
Also all families are "real" families you can't just decide that because one family isn't the exact demographic you think should live somewhere that they don't count. Honestly it sounds like you are more worried about who lives where. Also why would a family living downtown in a major city even need a car. I know if my family lived there we would not own a car because it just wouldn't be a priority.
Whigh maybe I am totally off based but it seemed to me like the developer had decided on the wage limit not the city gov't at least that is how it sounded to me.
Why is it so bad to give an income cut off and perfectly okay to tell a developer what level of finishes and size rooms they can build. That to me seems much more restrictive and to put it simply odd and no less arbitrary than the other plan. \
Also whats to say they don't then sell those apartments at prices that are too high for the average family in the area they are built in?
City asked to deal tax break to Beal
Friday, July 17, 2015
By: Donna Goodison
Developer Related Beal is seeking controversial tax breaks — originally designed for affordable housing in “blighted” areas — for its hotel and workforce/affordable housing project slated for Causeway Street, across from TD Garden.
Related Beal and the Boston Redevelopment Authority declined to reveal the proposed dollar value of the tax break for the Bulfinch Triangle project.
“To create this critically needed housing in the city, we are thinking creatively and exploring all potential solutions,” Related Beal said in a statement. “It is premature to elaborate or detail all of the financial aspects as the project is still under review.”
An Aug. 13 BRA hearing is expected on the Chapter 121A tax break, which BRA development review and policy director Erico Lopez and project manager Casey Hynes called “essential” to the project’s feasibility.
“Without the tax predictability provided by 121A, the project, most especially the creation of affordable/workforce units of rental housing, would not be possible,” Lopez and Hynes said in a memo yesterday to BRA Director Brian P. Golden. “The high cost of land — especially in the downtown Boston neighborhood — the ever increasing costs of construction and substantial cost of infrastructure would make the project impossible.”