Construction has started on a new high-rise residential building next to the TD Garden. This project is among several other developments near the TD Garden that were approved in the final days of the Menino administration. Along with the development planned in front the TD Garden, Avalon Tower will be one of four new high-rise buildings to surround the sports arena.
Developed by AvalonBay Communities, the tower next to the Garden is one of several development projects that the company has been working on in Boston. At over 400 feet high and a price tag of 250 million, this is one of their biggest projects in Boston to date.
The 38-story tower will be centrally located next to one of Bostons main sports arenas and North Station. Future residents of the tower will have direct access to a major transportation hub as well as a close proximity to the many sports bars and restaurants surrounding the TD Garden. Among the 500 residential units that will be created, there will be studios and 1-3 bedroom apartments.
Beyond the residential units, the area directly around the tower will be landscaped, creating a park-like feel. Furthermore, there will be a two-story covered passageway through the base of the tower connecting Nashua Street and Causeway Street for pedestrians. The passageway will be lined with retail shops and restaurants to serve all of the general public.
Pricing of the residential units is rumored to be ranging from $2,400 for studios to $7,500 plus for three-bedroom penthouse units. The tower is planned to be finished around 2017.
For more information please see:
Link #1: http://www.bostonglobe.com/business/2014/10/24/construction-underway-for-new-apartment-tower-north-station/L0w0FD74bAem687kM8TSQO/story.html
Link #2: http://bostinno.streetwise.co/2014/10/27/avalon-north-station-groundbreaking-38-story-avalon-north-station-tower-renderings/
Nick Lattarulo for Bostonia Properties