Real estate developer LBC Boston, which is planning a $140 million mixed-use project in Boston’s Allston neighborhood, released renderings showing what the new residential towers set to replace six dilapidated three-story buildings and a commercial building will actually look like.
The two-acre project, dubbed “Allston Green,” will add 350 housing units and 34,000 square feet of open space, according to the developer. Three new buildings spanning 250,000 square feet are set to be complete in the spring of 2024, according to LBC Boston, which is in the process of securing permits.
The project, formerly known as “NOVA Allston,” remains under review at the BostonPlanning and Development Agency.
The current commercial building is located at 20 Linden St., and the current residential buildings are at 24 Linden and 8-20 Pratt St.
The developer, which has also worked on apartment projects in Quincy Center and Brighton, is operating under the city of Boston’s “compact living” project guidelines, which allow the apartments to be 600 square feet, rather than 1,000-foot, two-bedroom units.
One building is set to be seven stories. The second building is set to also be seven stories, and the third building will be four stories, according to a spokesperson for the developer. The developer dropped condominiums from the proposal.
The ground floor of the buildings is slated for gallery, retail and artist co-working space, as well as apartment amenities, according to LBC Boston.
“We have been a part of the Allston community for over 20 years and we wanted to build something that would strengthen the neighborhood feel of Allston,” said Margarita Kvacheva, LBC Boston senior vice president with LBC Boston. “Allston Green is meant to provide a new product type that bridges the gap between luxury and affordable housing, creating a middle-market solution.”
LBC Boston said more than 20,000 square feet of open space will be accessible to the public, with room set aside for farmers’ markets and outdoor movie nights.
The project also includes Cambridge-based Prellwitz Chilinski Associates Inc./PCA as the architect and R.W. Sullivan as the mechanical, electrical and plumbing engineer.
The project is near Boston Landing, which has seen increased development after New Balance Athletics Inc. built a new world headquarters and pitched in on a $22 million commuter rail station.
Boston Business Journal