Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-The Millennium Place Project is injecting new life into its neighborhood as a number of developers take chances on projects in an area that was once known for its porno houses and drug busts.

The development of 325 luxury apartments, a Ritz Carlton hotel and a 19-screen theater is near the once-infamous area of Lower Washington Street formerly known as the Combat Zone. But with this development, as well as a number of other projects underway here, that decadent perception is quickly fading.

FitzInn Parking Systems and Charles E. Smith have proposed building Liberty Place here, a 410-unit complex that will include studio-, one- two- and three-bedroom apartments with 10% of them affordable. The project will also include retail space and parking for 300 vehicles. Kevin Fitzgerald of FitzInn Parking Systems did not return calls by presstime but reportedly the developers plan on renovating two historic buildings in the area and converting a nightclub into a visitors center.

Kensington Realty also plans on developing a 300-unit market-rate complex and reportedly will file notification with the Boston Redevelopment Authority within the next two months. The company is said to be continuing its efforts to acquire a building located in the center of its proposed development but will work around the structure if necessary.

In an unusual move to gentrify the area, local activists have banded with developers to ensure that additional adult entertainment venues are kept out of the neighborhood. One new strip club, Centerfolds, attempted to open here but was refused an entertainment license. It is in the process of challenging that decision in the courts.

The strength of the market here is also evident in the recent bidding war over the BRA’s request for proposals to bid on Hayward Place, which attracted eight proposals with bids up to $23 million to build on the 390,000-sf parcel.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.