As it prepares to become the fourth Boston waterfront apartment project to break ground this year (where are the others?—check out our Rental Heatmap!), there are a few more details about Pier 4 to share. For one thing, the 21-story first phase getting under way today will be a mix of 369 studios, one-bedrooms, two-bedrooms and three-bedrooms. For another, 50 will be innovation units (read: micro-apartments big enough for techies to tie on a caffeine buzz and type code 'til the wee, small hours).
Thirdly, rents have yet to be determined, but the developer, Hanover Co. of Houston, is touting the sweeping views as a prime driver of the project's future demand. Sweeping views don't come cheaply. Finally, this first phase is just that: first. Pier 4 will grow to around 1 million square feet of retail, condos and hotel rooms as well as apartments (and a public park and underground parking). It's all decades coming, and it's on.
· Pier 4 Makeover Set to Begin with 369-Unit Apartment Tower [Globe]
· Our Latest Rental Heatmap: the Hub's New Apartment Buildings [Curbed Boston]
· Our Renters Week 2012 archive [Curbed Boston]