Forest City Boston brings the city together
With a new residential tower, Forest City Boston hopes to build a structure that will give residents the best of the Financial District, Chinatown and the Leather District.
Construction has begun on a 26-story residential tower on the border of Chinatown and the Leather District, eventually adding 240 additional rental units to the blossoming Boston residential market.
The project, at 120 Kingston Street, is located on the Rose Kennedy Greenway and will also include a restaurant with outdoor seating, according to Frank Wuest, president of Forest City Boston, which is developing the project along with Hudson Group North America.
The current site is an abandoned lot, and Wuest says that the development will bring pedestrian traffic and vibrant activity to the area.
"It will bring together three adjacent neighborhoods: the Financial District, Chinatown and the Leather District," says Wuest. "We hope it will bring a lot of life to the street."
The rental units will include 18 studios, 175 one-bedroom units, 43 two-bedroom units and four three-bedroom units. The building will also include garage parking and boutique-hotel amenities, Wuest says.
As part of the deal, the developers deeded four parcels of land to the Chinese Economic Development Council for the construction of 48 affordable housing units at Oxford Ping On in Chinatown.
The tower, which will be constructed of granite, concrete and convex radius glass, is expected to be complete in two years.