2 Boston power plants up for sale, likely to become housing
Two different local power plants, one in downtown Boston and another in Southie, are up for sale, and both are likely to be turned into new housing.
The power plant at the edge of South Boston and the Seaport, with its recognizable giant smokestacks, is up for sale, The Boston Globe reports.
The 18-acre site has the interest of more than a handful of developers, the Globe reports, and experts say it will likely be converted into a mix of housing and commercial offices.
“It’s a large enough site that you have the critical mass to do something major,’’ David Begelfer, CEO of real estate trade group NAIOP Massachusetts, told the Globe. “It’s right on the water. It has a lot of attributes that make it unique.’’
Separately, state and city officials announced on Tuesday that they plan to put out to bid a 5.5-acre parcel of land on Kneeland Street near the Southeast Expressway, currently home to a MassDOT office and the Veolia steam plant.
Officials said they wanted to sell the building to a private developer who would redevelop it into a space for housing and offices. Veolia plans to stay in that location but keep a reduced presence as part of any redevelopment.
“Boston is just 48 square miles, which makes building lots of housing that much harder,’’ Boston housing chief Sheila Dillon said, according to the Globe. “Our land resources are finite, which is why this is so important.’’
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