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East Boston Waterfront Tower Gains Approval

Another residential building coming to Boston!  This one will be in East Boston, an area that has not had a lot of new construction lately.  The project is expected to bring over 200 new affordable housing units to the city.

According to the BBJ, “Gerdin Edlin will contribute about $7.8 million toward construction of affordable housing in the city under a linkage agreement tied to the New Street project. The company and BRA analysts agreed putting the affordable housing on the 4-acre tower site could make the project financially unviable. The tower will have about 16 units per floor, a representative of the developer said. The entire project could create about 259 housing units, according to a document filed with the BRA.”

The full article, including additional details on the projected tower, are available on the Boston Business Journal.