CBT Celebrates Groundbreaking for Parcel 1B
On February 4, 2016, CBT celebrated the groundbreaking for Parcel 1B at an official ceremony hosted by Related Beal and attended by Governor Baker and Mayor Walsh. The mixed-use, transit-oriented development is a 239 unit, 100 percent affordable and workforce residential building in downtown Boston’s Bulfinch Triangle that will also contain a 220 room hotel, which Related Beal and Turnberry Associates announced will be a Courtyard® Marriott.
With the delivery of the Parcel 1B project projected for 2018, downtown Boston will soon realize its first new 100 percent affordable and workforce housing project in more than 25 years, and its first large scale workforce housing development under Mayor Martin J. Walsh's housing plan entitled, “Changing City: Boston 2030,” which calls for the creation of 53,000 new residential units by 2030 - 44,000 specifically for workforce units.
Designed by CBT, the mixed-use development at Parcel 1B will include a 14-story residential building adding a welcomed residential presence and increased housing stock to the area, enhancing and weaving together the extended neighborhood from the West End to the North End. The development’s 239 residential units will be restricted to and available for individuals, couples and families with qualified incomes ranging from 30 percent Area Median Income (AMI) to up to 165 percent AMI. Additionally, 10 percent of the residences will be three-bedroom units providing much needed family housing in downtown Boston.