A Chelsea developer is hoping to give a major facelift to a former school in East Boston by converting it into luxury condominiums.
The Coliseum Investment Group is awaiting approval from the Boston Redevelopment Authority to build more than 25 condos at the former St. Dominic Savio Preparatory High School in Orient Heights. The company already conducted a feasibility study on the proposed project, which includes the construction of townhouses adjacent to the school building.
“Orient Heights is a quaint community, tucked away with no through streets,” said Nestor J. Limas, of CIG. “You really have to have a need to travel to this area. That creates a more residential environment. There are many people who have lived there for years. There is a lot of pride of ownership.”
According to Limas, the condos will be sold for about $200 to $300 a square foot and will range in size from 700 to 1400 square feet. This offers a value to homebuyers looking to live in the city but who can’t afford downtown prices, said Limas.
Many of the units will have views of Logan Airport, the city skyline or Constitution Beach, said Limas. All the condos will have granite, porcelain tile and solid wood cabinetry.
The developers are hoping to begin construction within six months.
