According to Curbed Boston, Mark Development, based in Wellesley Mass., wants to convert a surface parking lot near Boston's T Riverside station into a 1.5 million-square-foot complex with 675 housing units spread over the 15-acre parcel. Local opposition to the height of the buildings have cut the size down to 1.2 million square feet with 524 housing units. If approved there would be 11 buildings including a garage.
The project would also include a 154-room hotel that would replace the existing Hotel Indigo on the site as well as more than 523,000 square feet of office space and 71,000 square feet-plus of retail. The project would include 2,758 parking spaces too.
Developers have been trying to build on the parcel for several years now. One of the junior partners on the current plan, Normandy Real Estate, ran into financial hurdles redeveloping the lot shortly after securing approvals from Newton. Mark Development’s last plan ran into local opponents concerned about the project’s scope.
The same appears to await the newest plan, per the Globe’s Jon Chesto. Officials and residents are still concerned that the multi-building project—the tallest building of which would stretch to 13 stories with two more reaching eight stories—is out of scale for the area.
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