Post Content

Parcel 24Governor Deval Patrick joined Mayor Thomas Menino and community leaders to announce $10 million in city and state subsidies and $3 million in state and federal tax credits to advance the Greenway Parcel 24 housing development project in Chinatown. The project will create an estimated 700 construction jobs, 345 housing units and restore Chinatown's Hudson Street neighborhood that was razed nearly 50 years ago to make way for an expressway.

“I understand how much this project means to the residents of Chinatown and to realizing our long-term vision for the Greenway," said Governor Patrick. "Today, thanks to a strong public-private partnership, we are making the Hudson Street neighborhood whole again."

Parcel 24 is one of the largest residential projects currently proposed in Boston and is being developed by New Boston Fund in partnership with the Asian Community Development Corporation.

The Parcel 24 development is expected to break ground in spring 2012. The two-phase, $130 million project will consist of 50 affordable homeownership units, 200 market rate rental units and 95 affordable rental units. The first phase is slated to be complete in 2014.

The Hudson Street neighborhood that existed on this land in the 1960’s was destroyed to make way for an expressway. When the land was made available for development through the Central Artery Project, the former Massachusetts Turnpike Authority, now MassDOT, designated the development team.  The project began following extensive community input and planning and after delays due to the national economic downturn.  Federal, state and local funding helped to secure private sector investment and advance the project.

Written By:

Recent Posts

NHTSA Safety Reminder: Never Leave a Child Alone in a Car posted on Jul 31

NHTSA Safety Reminder: Never Leave a Child Alone in a Car

The National Highway Traffic Safety Administration and partners today are raising awareness about heatstroke, one of the leading causes of death among children. The NHTSA says at least 17 children have already died this year from vehicular heatstroke. Heatstroke is the leading cause of non-crash   …Continue Reading NHTSA Safety Reminder: Never Leave a Child Alone in a Car

Fore River Bridge Project Milestone posted on Jul 29

Fore River Bridge Project Milestone

The Fore River Bridge Replacement Project in Quincy-Weymouth continues during the summer of 2014 with installation of the permanent bridge components along with a new milestone: arrival of the new bridge steel sections. The view above shows the progress made at the Quincy tower location.   …Continue Reading Fore River Bridge Project Milestone

Green Line Extension: Public Meeting July 31 posted on Jul 28

Green Line Extension: Public Meeting July 31

A City of Somerville and MBTA Green Line Extension Public Meeting regarding Medford Street Bridge construction has been scheduled for the following: Thursday, July 31, 6:00pm, Public Safety Building, 220 Washington Street, Somerville. Green Line Extension construction is underway and will involve periodic traffic impacts   …Continue Reading Green Line Extension: Public Meeting July 31