Plan to build downtown apartment tower gets OK
A $172 million plan to build a 27-story apartment building at the corner of Boston's Washington and LaGrange streets has gotten the go-ahead from the city's planning agency, the project's developer said last night.
The development team of Kensington Investment Co. Inc./National Development said its latest plan for the project was approved by the Boston Redevelopment Authority.
The plan calls for a building with up to 385 rental apartments and four above-grade parking levels with up to 110 spaces. The building will be called the Kensington. The developer describes the Kensington's location as being at the "confluence of Boston’s Financial District, Theatre District, Boston Common, and
Groundbreaking is expected to take place in the summer, and expectations are that the Kensington would be ready to welcome its first residents some time in the second half of 2013, the developers said.
As part of its contribution to affordable housing, the developers said they have pledged to provide $7.35 million to Hong Lok House, an affordable assisted living facility in Chinatown, which will help provide 75 units of housing for seniors.
The Kensington project was no stranger to controversy. Six or seven years ago, some preservationists opposed a plan that required the demolition of the then-defunct Gaiety Theatre, a Boston stop on the vaudeville circuit. And one critic argued that the project skirted the city's height guidelines for buildings.
But last night, Alan Lewis, owner of Kensington Investment Co. Inc., said in a statement: “We’re excited at the prospect of further solidifying the appeal of this neighborhood with a world-class building that will enjoy extraordinary street presence and exceptional accessibility to virtually all of the attractions that make the City of Boston one of the most desirable places to live in the world.”