Boston Real Estate in 2021

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Developer wants to bring condos instead of rentals to Downtown Crossing

The developer of a 148-unit residential project in Boston’s Downtown Crossing is opting instead to sell the residences as condominiums instead of lease them as apartments, pending approval of the Boston Planning & Development Agency.

The 47-55 Lagrange St. project is already under construction, but the developer now plans to sell the units, according to a notice filed with the BDPA on March 4. There will be no other changes to the project, which will still include 22 on-site affordable rental units required under the city’s Inclusionary Development Policy

A public hearing is scheduled for April 8. 

The 8,759 square-foot parcel at the junction of Chinatown, the Tufts Medical Area, the Theatre District and Downtown Crossing is near Boston Common and within walking distance to theatres, restaurants and several MBTA stations. 

The original project went under review on Jan. 18, 2017, for an approximately 157,000 square foot, 21-story residential building that included up to 176 units.

On June 15, 2017, the BPDA approved up to 130 rental units, which at the time included a mix of studios and one- and two-bedroom units. 

On Sept. 12, 2018, the developer filed its first notice of project change with the BPDA to include “up to 176 dwelling units” instead of “up to 130 rental units.” 

Construction began in the summer of 2019 and is expected to be completed by mid-2022. 

Boston Real Estate in 2021

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