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BHA – Bunker Hill One Charlestown – Massachusetts - Project Profile

BHA – Bunker Hill One Charlestown – Massachusetts - Project Profile

Synopsis

"BHA – Bunker Hill One Charlestown – Massachusetts - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "BHA – Bunker Hill One Charlestown – Massachusetts - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

Boston Housing Authority (BHA) is planning to build a mixed-use community in Boston, Massachusetts, the US.

The project involves the construction of a mixed-income community on 11.3ha of land and will be developed in phases. It includes the construction of 2,100 residential units comprising 1,100 subsidized units, 1,700 additional market, and moderate-rate units, 10 units of low-income housing for artists, a community center, commercial and retail space, and parking facilities. Developers will set aside 10 units of low-income housing, available to income-eligible artists.

In November 2014, BHA issued a request for qualifications (RFQ) for developers for the redevelopment of the Bunker Hill public housing.

In June 2015, BHA issued a request for proposals (RFP) from developers to submit redevelopment proposals to preserve and rebuild existing affordable housing community with August 14, 2015, as the submission date.

Four companies including Corcoran Jennison, Preservation of Affordable Housing Inc., Related Beal, and Trinity Financial have submitted bids for the project in September 2015.

On October 1, 2015, Corcoran Jennison Associates (Corcoran), in a joint venture with SunCal Real Estate Group (SunCal), was appointed as the developer for the project.

Corcoran and SunCal expect to receive permits and financing for the project in 18 months.

Stantec has been appointed as architect for the project.

On February 23, 2017, BHA unveiled the project plans.

In May 2017, project facing opposition from locals.

As of June 2017, Planning activities are underway.

BHA plans to complete the construction of the first phase within two years from the date of commencement.

Scope

The project involves the construction of a mixed-income community on 11.3ha of land in Boston, Massachusetts, the US.

The US$1,000 million project includes the following:

1. Construction of 2,100 residential units comprising 1,100 subsidized units

2. Construction of a community center

3. Construction of commercial and retail space

4. Construction of parking and related facilities

5. Construction of 1,700 additional market and moderate-rate units

6. Construction of 10 units of low-income housing

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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