The details on the building spree around North Station
If your dream is living next door to the home of the Bruins and Celtics, you may soon be in luck.
If your dream is living next door to the home of the Bruins and Celtics, you may soon be in luck.
Developers are moving ahead with plans for a trio of luxury apartment towers, one on the site of the Garden and North Station, and two others just across the street.
Avalon Bay is well under way with construction of a 38-story apartment tower on Nashua Street behind the Garden.
Not to be outdone, Equity Residential is hoping to win approval soon from City Hall so it can begin construction next year of a 44-story apartment tower just across the street from the Garden.
Meanwhile, Boston Properties is preparing to start building the “podium’’ on which a 1.87-million-square-foot mixed-used development is slated to take shape in front of the Garden and North Station on the site of the old Boston Garden.
A residential tower with 440 units is planned, along with two other high-rises, one office, one hotel.
It is part of a surge of residential development in the North Station area that is fast transforming what was mainly a sports pub zone into Boston’s newest neighborhood.
“It is becoming a 24-hour community,’’ said Jay Walsh, executive director of the Downtown North Association.
Still, living next door to the Garden won’t come cheap.
Avalon Bay’s new tower, which will have more than 500 apartments, will feature rents ranging from $2,400 for a studio to $7,500 a month for a penthouse.
Shops and cafes are planned for a retail arcade on the ground floor.
After years of back and forth over the design of its proposed tower, Equity Residential hopes that it is finally closing in on its plans to build 470 new apartments where a parking garage now stands.
The new $330 million high-rise apartment complex, which will also include parking, will feature a 2.5-acre park, expanded from earlier proposals.
The new $330 million high-rise apartment complex, which will also include parking, will feature a 2.5-acre park, expanded from earlier proposals.
Equity also recently decided to add up to 10 three-bedroom units to the current mix of studios.
Rents are expected to mirror current market conditions, ranging from $2,300 to $5,000 a month.
“The new park on our site is comparable to the park at Post Office Square, and will also serve as a wonderful city gathering spot for workers and residents alike,’’ said Richard Boales, senior vice president at Equity Residential, in a statement.
For its part, Boston Properties recently lined up the key city approvals it needs to begin building a giant podium on which the entire complex will be based.
The multi-level podium, taking shape where the old Boston Garden once stood, will provide a new street level entrance to North Station and the Garden, with plans for a Star Market, a movie theater, a bowling alley and a sports bar.
The residential and hotel tower are scheduled for a second phase of the project.
“We have also advanced several of our pre-development projects in Boston closer to actual development,’’ Owen Thomas, chief executive of Boston Properties, told analysts on a recent conference call. “Pre-leasing continues at North Station and it is our expectation that will be able to launch the podium phase of this project in the fourth quarter.’’
Correction:A previous headline on this story referred to a “North End’’ building spree, but the developments being discussed are all in the blocks surrounding TD Garden and North Station, which fall in the West End. We regret the error.
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