Governor 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.
MassDOT, MAPFRE: Highway Assistance Patrol posted on Aug 29
Posted by: Patrick McDonald, CPCU, AIM, AIS, Executive Vice President – Business & Clients, MAPFRE Insurance MAPFRE Insurance sponsors the MassDOT Highway Assistance Patrol (HAP) program and reminds motorists that during Labor Day weekend many Massachusetts drivers will be taking their last vacations of the …Continue Reading MassDOT, MAPFRE: Highway Assistance Patrol
A First in the State: MassDOT Uses New Construction Technique on Route 2/I-95 Project posted on Aug 28
From smaller projects to the largest, MassDOT uses the latest, proven innovative techniques. For the first time in the state, MassDOT is using precast, modular concrete abutments on the Route 2/I-95 Bridge Replacement Project. Accelerated Bridge Construction technologies, such as this one, reduce project duration …Continue Reading A First in the State: MassDOT Uses New Construction Technique on Route 2/I-95 Project
Route 107 Corridor Public Meetings Scheduled posted on Aug 26
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