At its June meeting the Boston Planning and Development Agency (BPDA) board approved the project on Terrace Place that will bring 47 new residential units to Mission Hill.
South Boston-based Blair Capital is planning to construct a six-story, 40,000 square foot residential development located at 1-4 Terrace Place, that includes 47 homeownership condo units, seven of which would be affordable under the BPDA’s inclusionary policy. The project also includes 14 underground parking spaces.
At a BPDA meeting on May 23, attorney for Blair Capital, Micheal Ross, said the final proposal was the result of a lot of effort and energy by Mission Hill residents, the BPDA and Blair to get this project right and something that works for the neighborhood.
After months of tweaking the project Ross said at the meeting ahead of the BPDA board vote, “We’re really pleased to be back here now, to show (Mission Hill residents) what we’ve been able to do. We’re proposing 47 home ownership condominium units. That’s something that we understood to be very important to the community. There are also 14 parking spaces within this proposal, 48 bicycle spaces inside and 10 bicycle spaces outside and we are meeting our goal for 15% of our units to be affordable.”
In its ruling the BPDA board said the transit-oriented development will contribute $71,688 to the Boston Transportation Department’s (BTD) Terrace Street Study, and $12,925 to the City’s Bluebikes program. The new development will also support Boston’s green building and carbon neutral goals with solar renewable energy systems, and targeting LEED Platinum standards.
Based in Southie, Blair is known for its developments in Chicago like the Saint George Plaza complex that includes 370 units.