Winthrop Center Update 05/18/18

115 Winthrop Square moves forward, paving way for affordable housing and parks investments

The Boston Planning & Development Agency (BPDA) Board of Directors approved a total of nine development projects representing $1.6 billion in investments at the May Board meeting.  Altogether, the projects will generate 1,171 residential units and 2,306 jobs once construction is complete.

Following a comprehensive public process, the Board approved the 115 Winthrop Square project, paving the way for a $163 million payment to the City of Boston that will be invested in affordable housing and open space. Mayor Martin J. Walsh has committed funds to the Boston Common ($28 million), Franklin Park ($28 million), the Emerald Necklace ($11 million), Boston Housing Authority's Old Colony development in South Boston ($25 million) Orient Heights development in East Boston ($10 million), and $5 million for a City-held fund to benefit the Rose Kennedy Greenway. The project is expected to generate over $15 million a year in property tax revenue and make significant investments in affordable housing and workforce training programs.

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