Multifamily Housing Trends Aid Mayor's Go Boston 2030 Transportation Plan

Multifamily developers behind recent projects in Boston have sought to reduce the amount of parking they are required to build, and in Mayor Martin Walsh's Go Boston 2030 plan, released Tuesday morning, it seems the city is prepared to get on board.

“Transportation is the lifeblood of our city,” said Walsh at his presentation at the Boston Public Library. “It connects people.”

The vision and action plan entails 58 new transportation projects and policies to curb traffic, which some developers have already been obeying.

The 175-unit Lovejoy Wharf near North Station became the city’s first major development to offer zero parking for its residents. While its developers at Related Beal said they were being responsible builders shying away from adding to the city’s traffic burden, it also emerged they were saving $8M to $16M by avoiding the high-tech parking that would have been required for the development.

While the city attempts to get more cars off the road by its 400th birthday in 2030, the Boston Planning & Development Agency is accommodating even more of them in the interim. The BPDA could green light a 550-space expansion of a Seaport parking garage for $22M, the Boston Globe reports. Nearby, Massport has broken ground on an $85M transportation center and a 1,550-space parking garage on D Street.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Boston Newsletters
Related Stories

Surging Costs Force Alexandria Developers To Shift Plans

Healey Awards $15M To Help Advance 5 Residential Conversion Projects

Laramar Group Pays $166M For 43-Story South Loop Apartment Building

Feds Raid North Texas-Based Contractor As Part Of HUD Investigation

Chicago Firm Proposes 40-Story Apartment Tower In Mid-Market

Philly LIHTC Gap Funding Changes Aim To Accelerate Affordable Housing Projects

Chicago Apartment Manager Settles Housing Discrimination Lawsuit

Downtown Office Tower Secures $575M Refinancing

MG Developer Faces 6 Lawsuits Alleging Millions In Overdue Debt

City Realty Buys Coolidge Corner Portfolio For $23M: The Boston Deal Sheet

OZ Incentives Weren't Enough To Blunt Economic Headwinds For Philly Multifamily Projects

Mamdani Reveals Housing Court Fast Track Targeting Landlords, Not Evictions