BOSTON-In a controversial move designed to encourage residential development in the city, the Boston Redevelopment Authority has voted to recommend that development projects within the financial district be allowed up to an extra 225 feet in height.

Meredith Baumann, a spokesperson for the BRA, tells GlobeSt.com that the new zoning would be an amendment to the downtown Interim Planning Overlay District. She notes that the increased height, up to 350 feet, would only be allowed in projects that have up to a 50% residential component.” We want to create 24-hour mixed-use activity,” she says. “We want to bring life to the financial district after work hours.”

In order to qualify for the increased height, the residential projects would also need to designate 10% of the housing units as affordable. Projects with 20% affordable housing can extend to heights up to 400 feet.

The amendment needs to be approved by the city’s zoning commission, which is due to meet on Jan. 17. But Baumann emphasizes that it has already gone through “extensive review,” including a number of public meetings as well as discussions with the city’s landmark and conservation commissions. As to the potential concern that such tall buildings would restrict views, Baumann points out that the “view corridors are not as much of an issue as encouraging residential development there.” But she adds that even if the zoning commission passes the amendment, each project will still be evaluated on a case-by-case basis.

Baumann says that the city developed the zoning amendment with certain parcels in mind. Baumann could not specify which sites are under consideration, but she says that the city “contemplated parcels that weren’t under single ownership” because the assumption is that at some point those parcels would be freed up.” She emphasizes that the new zoning could add over 2,000 residential units to the city stock.

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?


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt. Multifamily Fall 2023Event

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

Get More Information
 

GlobeSt

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 © 2023 ALM Global, LLC. All Rights Reserved.