Tag: development
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With Office Towers Half Empty, Downtown Bellwater Looks to Housing
With downtown office vacancy above 23 percent, developers have proposed converting two Vale Avenue towers into apartments, setting up a fight over tax abatements and affordability requirements.
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Six-Story Riverside Heights Proposal Splits Neighborhood Over Height, Affordability
A developer’s bid to rezone vacant Riverside Heights riverfront land for six-story mixed-use housing split the neighborhood; the planning commission sent the plan back for revisions.
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Debate Over Foundry Row Building Heights Pits Biotech Demand Against Displacement Fears
A proposal to cap new Foundry Row towers at 12 stories has split biotech employers seeking room to grow from tenant advocates who say unchecked height will accelerate displacement, with a council vote expected in coming weeks.
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Complaint Alleges Bundled Donations From Foundry Row Developer to Council Member
The city’s ethics board has opened a review of a complaint alleging Millrace Development Partners bundled campaign contributions to Council Member Luis Bettencourt ahead of a zoning vote benefiting the developer.
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Tenant Organizer Ferrante Enters Foundry Row Council Race Against Bettencourt
Tenant organizer Marisol Ferrante is challenging Council Member Luis Bettencourt in Foundry Row, centering her campaign on his ties to developer Millrace Development Partners and an ongoing ethics board review.
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Muhammad Pushes to Take Foundry Row’s Affordability Rules Citywide
Council Member Aisha Muhammad wants to extend affordable-housing requirements from the transit corridor and Foundry Row towers to every new residential project citywide, a proposal that split colleagues and drew warnings from developers.
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City and Kestrel Biologics Strike Deal on Foundry Row Parking Garage
The city and Kestrel Biologics will split the cost of a 600-space Foundry Row parking garage tied to the biotech firm’s hiring surge, a deal some residents say undercuts the neighborhood’s new transit line.
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Foundry Row Is Running Out of Lab Space, and Biotech Firms Are Feeling It
Wet-lab vacancy in Foundry Row has fallen below 4 percent, a shortage that biotech executives say is already complicating expansion plans and pushing some companies to consider sites outside Bellwater.
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Millrace Development Partners’ Next Foundry Row Project Draws Early Scrutiny
Millrace Development Partners has proposed a second Foundry Row apartment project, but city council members say they will demand much stricter affordable-housing terms this time.
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Another Foundry Row Warehouse Set for Loft Conversion
Redline Property Group wants to convert a former Anvil Street casting plant into 86 Foundry Row apartments, pledging a bigger affordable-unit share than the one now in dispute at the nearby Foundry District Lofts.