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

Baker-Polito Administration and Local Officials Sign Regional Agreement for Autonomous Vehicle Testing posted on Jun 21

Baker-Polito Administration and Local Officials Sign Regional Agreement for Autonomous Vehicle Testing

The Baker-Polito Administration’s Department of Transportation today entered into a Memorandum of Understanding (MOU) with several mayors of cities and towns in order to further facilitate and expand the testing of autonomous vehicles on roadways in the Commonwealth. Governor Charlie Baker joined Transportation Secretary and   …Continue Reading Baker-Polito Administration and Local Officials Sign Regional Agreement for Autonomous Vehicle Testing

MassDOT, MAPFRE Insurance Reminder: June is Seat Belt Safety Month posted on Jun 20

MassDOT, MAPFRE Insurance Reminder: June is Seat Belt Safety Month

With summer getaways planned, June is the perfect time to familiarize ourselves with seat belt safety. In effect since in 2002, NHTSA’s “Click It or Ticket” campaign reminds drivers to always utilize their seat belts. Both MassDOT and MAPFRE Insurance work to ensure the safety   …Continue Reading MassDOT, MAPFRE Insurance Reminder: June is Seat Belt Safety Month

MBTA: Preview of Focus40 Plan Draft posted on Jun 18

MBTA: Preview of Focus40 Plan Draft

The MBTA’s Fiscal and Management Control Board (FMCB) today received a preview of the draft of Focus40, the MBTA’s long-range plan to meet the needs of the region in 2040. Focus40 envisions an MBTA that provides reliable, resilient, and robust service to support the region’s   …Continue Reading MBTA: Preview of Focus40 Plan Draft