The West End of Boston may soon be home to 500 new apartments if a plan proposed by a Chicago-based developer is approved by the city.
A public hearing was held earlier this month on a plan submitted by Equity Residential to demolish a parking garage across from the TD Garden and erect two residential towers, one with approximately 300 apartments and the second with approximately 200 units. The parcel borders Lomasney Way and Thoreau Path and would include a garage and open space for residents of the buildings. Approximately 15 percent of the units would be considered affordable.
“They are in the process of getting public input,” says Susan Elsbree, press spokeswoman of the Boston Redevelopment Authority.
The project, which is estimated to cost $300 million, would likely not begin construction until fall of 2012, according to the Project Notification Form filed by Equity Residential to the BRA. Equity already owns the nearby West End apartments.
“The proposed project will add retail options and create a strong pedestrian connection that will reenergize the Nashua Street area and reconnect the West End to the Bulfinch Triangle and North End neighborhoods,” states the PNF. “As a result, this new development is an opportunity to create a ‘sense of place’ in the West End.”
Representatives from Equity Residential were not available for comment. Construction of the buildings would likely take 36 months and create 450 jobs.