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.
Cambridge: Kendall Square Mobility Task Force posted on Apr 17
The first meeting of MassDOT’s Kendall Square Mobility Task Force is scheduled as follows: Tuesday, April 28, 2015 from 4:00 PM – 6:00 PM at 600 Technology Square (corner of Main and Portland) – 3rd floor in Cambridge. MassDOT’s Kendall Square Mobility Task Force process …Continue Reading Cambridge: Kendall Square Mobility Task Force
MassDOT Receives Excellence in Transportation Award posted on Apr 16
The Massachusetts Department of Transportation (MassDOT) was recognized this week with an Excellence in Transportation Demand Management Award at the Association for Commuter Transportation’s (ACT) Regional Patriot Chapter Conference in Newport, Rhode Island. MassDOT was presented with an award for their Safe Streets Smart Trips …Continue Reading MassDOT Receives Excellence in Transportation Award
MassDOT Approves Contract for Springfield I-91 Viaduct Project posted on Apr 15
MassDOT today awarded a contract for the rehabilitation of the I-91 viaduct structure in Springfield. The lowest responsible bid was submitted by the joint venture of JF White-Schiavone, $148,000,150. There were three bids in total. The total project cost of $183,325,172 includes railroad flaggers, traffic …Continue Reading MassDOT Approves Contract for Springfield I-91 Viaduct Project