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New Street Development to Bring Up to 224 Residential Units to East Boston Waterfront

May 19, 2010

The Board granted approval for the $90 million New Street development project, located at 6-26 New Street in East Boston along the waterfront. The 278,000 square foot mixed-use development includes the creation of an addition to an existing nine-story building, the construction of a new six-story building, and the construction of a three-level parking structure. The existing nine-story structure will be renovated to include a seven-story addition that will include approximately 165 residential units. The new six-story building will either contain approximately 59 residential units or approximately 106 hotel/extended stay rooms. The project also includes approximately 8,000 square feet of facilities of public accommodation space, of which approximately 5,000 square feet will be used as a restaurant on the ground-level of the six-story building. Additionally, the project includes the creation of a 36-slip recreational marina and water taxi landing, and approximately 500 linear feet of new Harborwalk and publicly accessible open space along the water, which will improve public access to the waterfront and provide connections to LoPresti Park.

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