Those worried about a glut in the number of “luxury” condominiums going up around the city have a little less to worry about.
In recent days, developers of two high-profile projects have announced they are cutting residential units from their plans.
Boston Properties, developer of the under-construction Russia Wharf mixed-use project, told the Boston Business Journal they may not include any condos in its final plans. As many as 215 homes were planned for the site, along the Rose Kennedy Parkway.
Over in Downtown Crossing, John Hynes has gone on record as saying that One Federal Franklin, the mixed-use project to rise on the site of Filene’s and the original Filene’s Basement, will no longer include condos on the top 14-floors of the building.
Hynes told the Boston Business Journal, Its safe to say were not going to have any residential. Thats going to go, he said. As a result of that, the project is going to be smaller.
Meanwhile, the Boston Redevelopment Authority has approved Lincoln Property Co’s revised plans for buildings at 316-322 Summer Street; they will now be commercial, not residential.
Photo courtesy of Wikipedia.org
