Banker & Tradesman is reporting this:
Developers of a dormitory in Boston’s Fenway neighborhood will downsize their proposed 34-story tower by 10 floors to win neighborhood approval, Banker & Tradesman has learned.
This is a “private dormitory”. Popular in other parts of the nation, it is basically an apartment building for students, run by a private company, not tied to a specific college.
The developer has apparently agreed to cut the building’s height by 10-stories and reduce the number of beds from over 1,000 to around 800, spread across units with one- to four-bedrooms.
Not sure how that’s going to fly, with the Boston City Councilors’ approval of a proposal to outlaw renting apartments to more than four students …
Source: Developers Scale Back Fenway Dorm Plan – By Thomas Grillo, Banker & Tradesman
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