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

BioMed Sells Cambridge Office At A Loss: The Boston Deal Sheet

Suburban D.C. County Weighs Microhousing As Affordability Salve

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze

RealPage Antitrust Case Ends With Nearly $360M In Settlements For Renters

ZOM Living Entity Files For Bankruptcy To Fund Fight To Overturn $323M Judgment

Golden Apartment Building Sells For $62M To Chicago Company

Former Randolph Event Venue Planned For 200-Room Hotel, Theater

New Student Housing Towers Lease Up Quickly In University City, But Developers Can't Build More

Nord Group's Lawyer Moves To Quit, Says Entities Can't Pay Him

Housing Completions Close To 40,000 As LDA Adds Major Site And CEO Departs

Voorhees Greenlights 178-Unit Office-To-Resi Conversion Amid Multifamily Boom

Battered Mortgage REIT Suspends Dividend To Preserve Cash