According to The Charlestown Bridge:
In yet another real estate venture planned for the area of Rutherford Avenue, a local development team hopes to build a pair of high-rise apartments north of the Bunker Hill Community College athletic fields that would attract young people with its affordable loft-style units.
The approximately $70 million development, called Bridgeview Lofts because its units would offer views of the Leonard P. Zakim Bunker Hill Memorial Bridge and Downtown Boston, would occupy 285,800 square feet and consist of two residential building one 20 stories and 250 feet tall, the other 14 stories and 181 feet tall. A three-level garage would provide 280 parking spaces for the buildings’ 180 units at the at-grade level and on two underground levels in the complex. Pending approval from the Boston Redevelopment Authority and the community, the development team expects to break ground in a year and to take one and one-half years to complete the project.
The new buildings would be on the other side of the bridge from the new Archstone-Smith apartment complex, which is scheduled to open, first-quarter, 2008.
Buried further in the article is this:
While the development is now being planned as apartments, it could be marketed as condos if the real estate market shifted. The complex’s 152 two-bedroom units would rent for approximately $2,000 a monthly, while its 28 one-bedrooms would rent at a slightly lower rate. If sold as condos, the units would fall below the $500,000 mark, French said.
High-rise loft complex planned for Community College area – By Dan Murphy, The Charlestown Bridge
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