Three new condo projects OK’d for East Boston
More condos are coming to East Boston.
The Boston Planning & Development Agency Thursday evening approved three condominium projects in the fast-changing neighborhood, including a 119-unit development on a former industrial site on the waterfront.
The biggest is a $70 million plan by a subsidiary of The Davis Cos. to build 119 condominiums on the former site of the Hodge Boiler Works, next to LoPresti Park near Maverick Square. The developer wants to put a six-story building and large public open plaza on what is now a finger of empty land jutting into Boston Harbor, the latest in a string of new development along East Boston’s waterfront.
The BPDA also approved a 23-unit condo building at 114 Orleans Ave., where City Realty Group wants to construct a five-story building on the site of an old auto shop along the East Boston Greenway. And the board OK’d a 19-unit condo building at 10-16 Everett St. that K&K Development is proposing in Jeffries Point.
These latest East Boston projects come at a time when the neighborhood already is in the midst of a surge of new development, and as condo sales in buildings under construction are picking up speed. Slip65, a condo building that is part of Lendlease Development’s massive Clippership Wharf project on the waterfront, recently announced that it had sold out a block of 40 condos — half the building — in 36 hours. Those units, which will open in fall 2018, went for as much as $1.5 million apiece.