286-290 Tremont Street

LOI Filed for Millenium Partners Tremont Street Project

Millennium Partners, Asian Community Development Corporation (CDC), Corcoran Jennison Companies and Tufts Shared Services have officially filed a letter of intent to construct a 31-story, $174 million tower at 286-290 Tremont Street in Chinatown, replacing a City-owned surface parking lot.

The tower would contain 171 affordable apartment and condominium residences, a 140-room expansion of the adjacent Doubletree Hotel, a 264-space expansion of the adjacent Tufts Shared Services parking garage and 8,000 square feet of ground-floor community space.

Residences would include 45 apartments and 126 condominiums, and would represent Millennium’s affordable housing contribution for the upcoming 115 Winthrop Square tower. Corcoran Jennison owns the adjacent hotel, and Tufts owns the adjacent parking garage. Asian CDC recently completed the 21-story One Greenway mixed-income housing tower in partnership with New Boston Fund.

31-story mixed-use tower proposed in Chinatown

Millennium Partners, Asian Community Development Corporation (CDC), Corcoran Jennison Companies and Tufts Shared Services propose to construct a 31-story, $174 million tower at 286-290 Tremont Street in Chinatown, replacing a City-owned surface parking lot. The tower would contain 171 affordable apartment and condominium residences, a 140-room expansion of the adjacent Doubletree Hotel, a 264-space expansion of the adjacent Tufts Shared Services parking garage and 8,000 square feet of ground-floor community space. The four proponents were the only respondents to a City request for proposals (RFP) to develop the parcel.

Residences would include 45 apartments and 126 condominiums, and would represent Millennium’s affordable housing contribution for the upcoming 115 Winthrop Square tower. Corcoran Jennison owns the adjacent hotel, and Tufts owns the adjacent parking garage. Asian CDC recently completed the 21-story One Greenway mixed-income housing tower in partnership with New Boston Fund.

The proposed tower’s ground floor could contain a new Chinatown branch for the Boston Public Library. New outdoor public space would be constructed at the tower’s ground floor as well. The City of Boston is now reviewing the proponents’ proposal which, if officially selected, would require additional design review. The proponents hope to begin construction of the tower in December 2018, with completion expected in December 2020.

City seeks development team to construct mixed-income housing on Chinatown parcel

The Boston Development & Planning Agency (BPDA) is seeking development proposals for the 0.67-acre City-owned parcel at 290 Tremont Street in Chinatown, aiming to create a mixed-use development up to 360 feet tall with housing for a range of incomes. Any development would be required to have a housing component, of which at least 50% would need to be designated affordable. Rental units would need to target households earning 30-60% of the area median income (AMI), and condominiums would need to target households earning 60-100% of AMI, not averaging more than 80%. The BPDA is offering the parcel through a long-term ground lease. Buildings would be limited to a height of 360 feet and a floor area ratio (FAR) of 20.