Private developer to be sought to re-do part of former Bromley-Heath development

By adamg on Fri, 02/24/2017 - 9:27am

The Globe reports the Boston Housing Authority is looking to find a private developer willing to replace some of the buildings at the Mildred Hailey Apartments in exchange for being allowed to build market-rate housing on vacant parts of the complex.

The BHA has increasingly used this model to renovate its projects in the face of declining federal funds for the work, most notably at Bunker Hill in Charlestown.

Neighborhoods:

Jamaica Plain

Topics:

Development

Free tagging:

Mildred Hailey Apartments

Bromley-Heath

BHA

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Comments

Market-rate at Bromley-Heath?

By Snuggles on Fri, 02/24/2017 - 5:59pm.

Who do they think is going to buy that?

Overseas investors who are told only that they're buying into an undervalued Boston neighborhood on the verge of gentrification?

Yes, overseas investors, this is exactly what you should buy, and you should leave the other overpriced neighborhoods alone with your price inflation... ;)

Every hear of Columbia Point?

By adamg on Fri, 02/24/2017 - 7:16pm.

Might want to Google it.

Also

By Waquiot on Sat, 02/25/2017 - 1:07am.

Much like Columbia Point, all units will be rentals, so there will be zero overseas investors (though probably a bunch of overseas renters.)

Adjacent to the T and a bike path to the Back Bay. The location makes Columbia Point look like the middle of nowhere.

A two bedroom at 225 Centre

By eherot on Mon, 02/27/2017 - 10:53am.

A two bedroom at 225 Centre right across the street fetches about $2,700/month.

Private developer means

By Down with Gentrification on Sat, 02/25/2017 - 10:38am.

Private developer means eventual switch to students and yuppies ... I.e Harbor Point and Mission Main