(Image courtesy of the BRA)
The residential project slated for Columbia Point in Dorchester dubbed “University Place” has received final approval from the Boston Redevelopment Authority.
The $60-million residential project aims to construct a six-story structure for 184 rental units on a Bay Side Expo Center parking lot at the entrance of Mt. Vernon Street.
Corcoran Jennison Companies, which owns the building that abuts the lot, will be the project developer and will manage the building.
Twenty-four of the units will be deemed “affordable,” according to the BRA, and underground parking will be provided for up to 76 vehicles. Plans also call for surface parking for seven vehicles and 10,000 squarefeet of retail space on the ground floor.
At past community meetings the project was well-received by residents and stake holders.
The building, which developers will seek to certify LEED Silver, is expected to break ground in the winter of 2013-2014, with construction expected to take 16-18 months.