Mixed-use development envisioned for South Boston Power Plant site

Developers Hilco Global and Redgate, who acquired the 18-acre South Boston Power Plant site in April 2016 for $24.25 million, envision developing housing, office space, retail and a possible hotel at the site according to a Banker & Tradesman report. The developers are studying how to lay out new buildings on the site and are looking to preserve some historic buildings; the main power plant building will likely not be preserved. “We’re definitely looking to keep some buildings or at least a building, but probably not the big one,” said Redgate principal Ralph Cox. “To our knowledge it has no redeeming value, but there are a building or two that if structural or marketplace conditions dictate, we’re looking to assess that and see if it’s possible.”

The developers have hired SGA as a land planner and Geosyntec as an environmental consultant. One of the primary goals of the developers is to encourage public access to the Boston Harbor waterfront. “We have to find the right balance to connect to the neighborhood and really open up the waterfront that hasn’t been open for the last 100 years,” said Cox. The development team hopes to file formal plans for the South Boston Power Plant project with the Boston Planning & Development Agency (BPDA) in Early 2017.

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