Quantcast 29-story Residential Tower Proposed For Greenway … Er, Chinatown
Search by tag or site Login to my blogStart my own blog















TheMoneyBlogs
Home
About
Create your own blog
Contact us
Vote for this blog!

The Boston Real Estate Blog

I am an independent real estate broker, focused on the residential real estate market in downtown Boston.

29-story Residential Tower Proposed For Greenway … Er, Chinatown

Posted on 03/17/2007 22:38 PM | Link | Post Comment

Back in November, it was announced that a real estate developer had purchased the old Dainty Dot Hosiery property on Kingston Street near Chinatown for $9 million. At the time, it was unclear what he intended to do with the property, which is zoned for a building as high as 100-feet.

Well, details have been forthcoming.

Developer Ori Ron of Swampscott, Mass., plans to redevelop the old Dainty Dot Hosiery building at 120 Kingston St. into a 180-unit residential high-rise that he says will be "iconic" in its design.

... [T]he 120 Kingston St. tower ... would include 4,000 square feet of retail space and 160 parking spaces. Its proposed height &8212; at a total of 380 feet &8212; is about four times that allowed by zoning, and the tower would replace much of the Dainty Dot building, which was built in 1898.

Neighborhood activists are not pleased. They complain that the building would not fit in with the neighborhood and does nothing to address the needs of its residents.

This is an easy one for me (are you surprised?).

I can certainly understand and respect zoning regulations. The Archstone-Smith apartment building on Washington Street seems absurdly large, as does the Kensington Place development, going up across the street from it.

The Dainty Dot building, on the other hand, borders the Rose Kennedy Greenway; it's more a part of "downtown" than it is a part of Chinatown. Its neighbors would be the new State Street building and ... that other building there on the corner (I forget the name).

And, while I can understand the neighborhood's concerns that the building "isn't going to help Chinatown", neither does an empty building, which is what Dainty Dot is.

I'd say, choose your battles, wisely. This isn't worth fighting for.

(Once this gets more press, the neighborhood activists will start talking about how the proposed building will tower over a park being built, next door. Don't buy into the talk. The "park" is about 20 feet by 30 feet, and it borders three multi-lane streets. It may well end up being the least-used park ever in the city of Boston, if and when it is completed. Photo, here.)

Source: High-Rise Planned for Chinatown - By Adam Smith, SAMPAN

More posts about: 
Stock Quote or
Examples
ATM Wallstreet - Tue Oct 07, 2008 10:07PM
Today we have the Fed speaking and release of Fed mi [read more]
Morpheus Trading - Fri Oct 10, 2008 01:40AM
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Tue Oct 07, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them [read more]

PREMIER SPONSORED LINKS

Most Visited Blogs | Most Popular Blogs | Most Recent Blogs | Contact Us | Terms and conditions | Privacy Policy

The columns, articles, message board posts and any other features provided on TheMoneyBlogs.com are provided for personal finance, education and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author's own and not necessarily those of TheMoneyBlogs.com and there is no implied endorsement by TheMoneyBlogs.com of any advice or trading strategy. The analysts and employees or affiliates of TheMoneyBlogs.com may hold positions in the stocks or industries discussed here. Your use of this and all information contained on TheMoneyBlogs.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

Copyright © 2008 The Connors Group, Inc.