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Is This the Final Countdown for Chelsea's Clock Building?

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It may not be the New Somerville—that role is taken—but Chelsea is certainly undergoing epic changes after a long slog back from its collapse into state receivership in 1990s. Developments such as One North of Boston and Chelsea Place, not to mention the planned extension of the Silver Line into the city's downtown, have dragged Chelsea over some kind of psychic threshold.

Now, Thibealt Development wants to plunk five buildings with 455 apartments at Everett Avenue and Carter Street barely three miles from the Boston city line. The project would mean the end of the historic Chelsea Clock Building, which would have to be demolished to make way for what's being called the Residences at Chelsea Lofts. (The Chelsea Clock Co., which dates to the late 1890s, barely uses the building anymore.)

It would also likely mean the end of an area being used mostly for scrap yards and heavy industry. More than three-fourths of the planned apartments would be studios and 1-BRs. The hip, young professionals who will undoubtedly be targeted to fill them will very likely change that part of Chelsea for the duration. The city's zoning board will review the project next month. Set your watches.
· Vale Street Plans Detail Transformative Project, Demo of Chelsea Clock [Curbed Boston]
· New Chelsea Place Names Its Apartments After Presidents [Curbed Boston]
· Priciest Chelsea Apartment Building Ever Readies for Opening [Curbed Boston]
· Silver Line Extension Just in Time for Chelsea's Boom [Curbed Boston]
· The Five Worst Trends in Greater Boston Real Estate, Ranked [Curbed Boston]
· Chelsea Morning! Boston's Northern Neighbor Builds Bigger [Curbed Boston]