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

South Station Expansion: 1980s Renovation posted on Jan 31

South Station Expansion: 1980s Renovation

The South Station Expansion project is about improving transportation service through more train tracks and redesigned platforms; upgraded switches, signals, and other infrastructure; and new passenger amenities. The proposed expansion will protect and prepare the station for future demand as other efforts have done over   …Continue Reading South Station Expansion: 1980s Renovation

New Bedford-Fairhaven Bridge Public Meeting Set posted on Jan 29

New Bedford-Fairhaven Bridge Public Meeting Set

MassDOT is conducting a study of the New Bedford-Fairhaven Bridge Corridor, a bridge that spans New Bedford Harbor. The swing bridge connecting the communities of New Bedford and Fairhaven is functionally obsolete, constrains marine traffic, and its opening results in extensive vehicle delays. This study   …Continue Reading New Bedford-Fairhaven Bridge Public Meeting Set

Winter Storm Update: Travel Ban Lifted, MBTA Open posted on Jan 28

Winter Storm Update: Travel Ban Lifted, MBTA Open

The statewide travel ban has been lifted as of midnight.  Motorists, especially those in the City of Boston and Eastern counties, are asked to use caution as MassDOT crews continue to plow and clear state roadways and ramps. Parking bans are still in effect in   …Continue Reading Winter Storm Update: Travel Ban Lifted, MBTA Open