Boston Residential Group to Develop 55 India St.
BOSTON--(BUSINESS WIRE)--Nov 15, 2019--
Boston Residential Group (BRG) is announcing its purchase of 55 India Street, a piece of the original India Wharf site laid out in 1805 and re-shaped during the building of the Central Artery and then again during the Big Dig. BRG will develop a 12-story condominium tower at the site featuring 29 units, most of which will have 3 bedrooms and 2 baths. The 71,000 square foot building will feature a green roof, a restaurant on the retail level, and seamless integration into the brick, granite and stone texture of the surrounding neighborhood.
“We are thrilled to bring Boston Residential Group’s design aesthetic to the Greenway and waterfront area, and to be a part of what is blossoming into a wonderful new work-live-play neighborhood,” said Curtis R. Kemeny, president and CEO of Boston Residential Group. “The demand for new construction luxury 3 bedroom condos in downtown Boston is strong, but supply is limited. We want to address that market imbalance. 55 India will be a boutique offering in a service-rich building with access to what has become one of Boston’s finest amenities: The Greenway.”
In 2016, Boston Residential Group developed 319 A Street, a 48 condominium redevelopment of an old shoe factory in Fort Point Channel; a year before, BRG brought 318 Congress St,, a mid-sized apartment building in the heart of the seaport district, to market. Prior condominium projects include 360 Newbury Street in Back Bay and 285 Columbus Lofts in the South End. The condominiums at 55 India St. will be the company’s first foray into the financial district. It is scheduled to break ground in spring 2020, with project completion in 2021.
55 India St. was originally part of Charles Bulfinch’s India Wharf project. A manufacturing building was placed there in the early 20 th century but was demolished – and the site truncated into a near triangle – when the elevated expressway was built in the 1950s. Since the Big Dig, the site has been empty.
“Our building will connect the iconic Custom House Tower with the Greenway and the waterfront, and its restaurant will help activate the large flow of pedestrians that make this area so vibrant,” Kemeny said.
Project renderings can be downloaded here. Please credit Hacin + Associates.
ABOUT BOSTON RESIDENTIAL GROUP
Boston Residential Group is a residential developer that has been redefining the art of urban living in the Boston area since 2003. The company is led by Curtis R. Kemeny, and has successful projects in neighborhoods from the Back Bay to South Boston to the Charlestown Navy Yard. They include 360 Newbury in the Back Bay, 285 Columbus Lofts in the South End, Olmsted Place in Jamaica Plain, and 319 A Street in the Fort Point Channel neighborhood. For more information, please go to www.bostonresidentialgroup.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191115005042/en/
CONTACT: Matt Ellis, Ellis Strategies, Inc.
KEYWORD: MASSACHUSETTS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE URBAN PLANNING CONSTRUCTION & PROPERTY REIT
SOURCE: Boston Residential Group
Copyright Business Wire 2019.
PUB: 11/15/2019 05:00 AM/DISC: 11/15/2019 05:01 AM