Owner of recently completed Rutherford Landing apartments in Charlestown proposes condominium conversion

Bennett Development, owner and developer of the recently-completed, 15-unit Rutherford Landing apartments in Charlestown, proposes to sell the building's units as condominiums in response to recent demand. In a Notice of Project Change (NPC) formally submitted to the Boston Planning & Development Agency (BPDA), the proponent states that there has recently been a "significant change in housing demand in Charlestown from rental housing to home ownership".

Bennett's request follows the recent approval of Saracen Properties' request to sell the 62 units of the recently completed 99 Tremont Street apartments in Brighton as condominiums. Across Boston, new-construction condominium buildings have seen a significant rise in demand, with the 85-unit Telford 180 condominiums in Allston selling out pre-completion, and the 80-unit Slip65 condominiums on the East Boston Waterfront selling out in just two months with a year of construction remaining. The BPDA is now reviewing Bennett's proposal.

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