Boston Condo, Loft and Luxury Boston Real Estate Blog

The all new Boston East, yes “Boston East” - a new condo development in the planning stages with the city set forth to sit at waters edge in East Boston, MA.

For two decades, East Boston has been touted as the city’s next “hot” neighborhood, and residents have eagerly anticipated the redevelopment of its historically industry-heavy waterfront. And now, even as the stalling of work on Roseland’s ambitious East Pier has disheartened expectant neighbors, the forward momentum of the 196-unit Boston East project is giving them new reason to hope.

After a series of meetings on the proposed project, slated for a vacant tract of land on Border Street across the harbor from Charlestown, the city permitting process is drawing to a close. The developer, Trinity Financial, in cooperation with the East Boston Community Development Corp., hopes its plan will sail through state permitting with relative ease. Once that happens, says Trinity project manager Sarah Barnat, financing should fall into place and the project can get started.

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The Boston East project will be located between the Central Square commercial hub and the Atlantic Works building, which houses artists’ lofts and a successful co-op gallery. It will include 170 one- and two-bedroom market-rate units; 26 units of affordable housing, eight of which will be dedicated live-work artists’ spaces; another art gallery; a marine facility; and plenty of public-access space, including an interpretive park and a portion of Harborwalk. Its facade will be brick, with metal and wood elements giving it a maritime feel, and its stepped wings will ensure water views for the majority of units.

Developers, state and city officials, and residents are united in their enthusiasm for the project. At several community meetings usually known for verbal brawls and divisiveness residents actually stood up to thank Trinity Financial representatives for their care in working with the neighborhood and their devotion to the area.

“We’re bullish on East Boston,” said Barnat. “When we bring investors over, we show them a diverse, safe, wonderfully enriching neighborhood which already has a lot of amenities, but not enough. There has to be a vision.”

Source: Boston Globe

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