Dorchester Bay City Update 02/14/19

Accordia Partners Win Bid to Lease UMass Boston Development Site

After an extensive 18-month process, the UMass Boston Board of Trustees has selected Accordia Partners to lead the redevelopment of the 20-acre site on Columbia Point. A 99-year ground lease deal could yield the university $235 million, funds needed to fix the original substructure on the campus. While there are no solid redevelopment plans in place Accordia's bid did include solid financial planning and $25 million in infrastructure commitments. A final lease agreement still needs to be signed but for now, the development team will move forward with community meetings and further planning. 

 

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