As 2014 opened, the 4-acre eyesore at 6-26 New Street on the East Boston waterfront sat dormant. Recall that the site, which includes an old industrial building, had been all set to be redeveloped into a complex with 163 apartments, dozens of hotel rooms and a water-taxi landing—a big, bold exclamation point at the end of the city's plans for East Boston's waterfront in general. Well, those plans just kind of came and went with the outgoing Menino administration, and 6-26 New itself kind of languished in financial limbo.
Enter Portland, Ore.-based developer Gerding Edlen. The folks behind Fort Point's Factory 63 and its innovation units as well as 315 on A and its 20-Minute Living stepped in in January with similarly ambitious plans for the site: 250 studio, 1-BR and 2-BR apartments in two buildings, one 16 stories, the other seven; a new water-taxi dock; up to 155 parking spaces; and a 12-foot-wide extension of the harbor walk in that area. The development would also come with a rooftop pool and fitness center; and undoubtedly be targeted toward tenants who work in downtown Boston's go-go tech sector, yada yada.
The Boston Redevelopment Authority has signed off on Gerding Edlen's plans for 6-26 New, after a commitment by the developer to build affordable housing elsewhere in the city. Stay tuned.
· 16-Story Tower on East Boston Waterfront Wins BRA Approval [Biz Journal]
· East Boston Waterfront Could Get Luxury Tower Aimed at the Childless [Hub]
· Everything Old Is 6-26 New Street Again in Eastie [Curbed Boston]
· Menino's East Boston Development Plan: the Details [Curbed Boston]
· Boston Inventor of 20-Minute Living Hosting Grand Opening [Curbed Boston]
· A Chip Off the New M Block Debuts [Curbed Boston]
· South Boston Techies Will Rescue East Boston Real Estate [Curbed Boston]