Gov. Charlie Baker and Mayor Marty Walsh will be the guests of honor at a 1:30 p.m. groundbreaking for Boston East, the long-time-coming residential complex on the East Boston waterfront.
Recall that developer Trinity Financial originally conceived the development last decade as a condo project. The Great Recession got in the way, and financing challenges stymied that plan and a subsequent apartment one. Then, in 2013, as the financing picture turned rosier and the Boston apartment market turned red-hot, the city signed off on a fresh apartment plan for the Border Street site.
Fast forward to today's groundbreaking: 200 units, 174 of the apartments market-rate and further 26 marked as affordable. Boston East will also include a 400-foot public boardwalk with a kayak launch, a community art gallery, and an acre of open space. The state also put up $3M to help Trinity and the East Boston Community Development Corporation to expand the Boston Harborwalk.
Stay tuned for rents, leasing timeline, etc.
- Boston East, Condo Project Reborn as Apts., Joins Eastie Boom [Curbed Boston]
- City O.K.'s 399 Congress, Point, Parcel 9, Boston East, More! [Curbed Boston]