The plans call for 636 housing units, 1.7 square feet of office space, and retail space. The project is forecast to bring $298 million in benefits to the city, including jobs, affordable housing, open space, and road improvements.
According to a January 2023 BPDA press release, the project involves rehabilitating the Edison Turbine Halls, constructing new buildings with office, research, and retail spaces, and activating historic buildings for community gatherings.
Fast-rising interest rates and material and labor costs pose challenges for housing construction projects like this one, impacting developments such as the Suffolk Downs project in Boston and Revere.
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