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"We Shape the buildings; Thereafter they Shape Us"
- Winston Churchill
30
June
2010

Seaport Square Developers Thinking Small

by ,  Boston     

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Seaport Square developers have humungous plans for the 6-million-square foot project in Boston’s Seaport District, but have smaller plans for some of the housing they are putting up.   Developers and the city of Boston are testing a system where they will shrink unit sizes of workforce housing and rely on shared amenities, public transportation and public spaces.  John Hynes, CEO of Boston Global Investors held a briefing at City Hall yesterday and said: “The answer is smaller units,” Hynes said. “It’s exactly what we believe the market wants. We need more affordable housing, retail and green space; you don’t need a lot of cars. The risk is, it hasn’t been done yet. You’re going to have to convince your lenders and investors you have something worth investing in.” All of the associated developers and the City of Boston are ready for a change. Collectively they want to create an innovative development – instead filling space with overbuilt office buildings and luxury condos.

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For more information on the Seaport Square project please contact Epapa27@yahoo.com

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