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

Travel Safely Memorial Day Weekend! posted on May 20

Travel Safely Memorial Day Weekend!

MassDOT encourages travelers to plan ahead and travel safely during the Memorial Day holiday weekend.  The heaviest traffic is expected Thursday, Friday, and Monday afternoons and early evenings.  Drivers are encouraged to make travel plans accordingly and if possible avoid peak traffic volumes between 1pm   …Continue Reading Travel Safely Memorial Day Weekend!

Weekend Commuter Boat Trips Return May 23! posted on May 19

Weekend Commuter Boat Trips Return May 23!

MassDOT Secretary & CEO Stephanie Pollack has announced that weekend commuter boat service will be provided for a second year between Hingham, Hull, Georges Island, Grape Island and Boston. Weekend service begins Memorial Day weekend and will continue through the Labor Day weekend. “Commuter boat   …Continue Reading Weekend Commuter Boat Trips Return May 23!

CapeFLYER Free Sunday, Monday for Veterans, Active Service Members posted on May 18

CapeFLYER Free Sunday, Monday for Veterans, Active Service Members

CapeFLYER is pleased to announce that for the second year, veterans and active service members may ride the train to Cape Cod for free on the Sunday and Monday of Memorial Day weekend. The CapeFLYER has coordinated with Cape Cod Cares for the Troops, which   …Continue Reading CapeFLYER Free Sunday, Monday for Veterans, Active Service Members