Business & Tech
New Plan for Albany Street Apartments OK'd
The development at 275 Albany Street was officially approved late last week as a dual-apartment complex project instead of a hotel and apartment complex.
It's official: The developer of the 275 Albany Street project will move ahead with its project as a dual apartment complex instead of a hotel and apartment complex, the Boston Redevelopment Authority decided last week.
The dual-hotel project by Normandy Real Estate Partners was originally approved in 2010, and was changed the first time in the summer of 2012 , before this latest change to a full residential development.
The $145 million project is comprised of two buildings, a 19-story apartment complex facing Traveler Street and an L-shaped building on East Berkeley Street that will rise 11 stories.
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Thee Traveler St. structure will be used for residential use with up to 220 units, and the East Berkeley structure will also be used for residential use with up to 180 units rooms.
In addition, the project will include retail and possibly restaurant space, with accessory parking with up to 180 parking spaces.
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The project is projected to create 300 construction jobs and 15 permanent jobs.
The BRA came to the South End in late February to review the project's new plans with residents.
The Albany Street area is no stranger to upcoming developments. The Ink Block apartment complex, which will feature a Whole Foods Market, is planned to start construction this spring.
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