The next phase of the Seaport's Waterside Place complex was supposed to be 55,000 square feet of retail in a single building, including a grocery store for the fast-growing, amenity-starved area.
Now, however, the Drew Co., Waterside Place's developer, wants to build apartments instead, scrapping the years-old retail idea. New plans submitted to the city call for a 21-story, 315,000-square-foot apartment tower with 278 units ranging from 511-square-foot studios to 1,357-square-foot 3-BRs. (The building is rendered above.) There would also be an 84-space parking garage and, yes, some retail, though only 2,000 square feet at street level.
Why the big shift? Per Catherine Carlock at the Boston Business Journal, the developer was worried about a lack of foot traffic on Congress Street, where the new development will go up. Most of that retail lifeblood is nearby on Summer Street.
· Drew Co. Shifting Gears From Retail to Residential Tower in Seaport [Biz Journal]
· Waterside Place Starts Tossing Out Tenant Goodies [Curbed Boston]
· Our Second Acts archive [Curbed Boston]