Proposal to build 4 million SF of new buildings in South Boston
Core Investments is proposing a major redevelopment of a 21-acre space in South Boston. If approved, the development would contain 11 buildings with a mix of ground-floor retail, industrial/lab/office space, and multiple residential units.This would likely be a ten-year long project, and the first proposed phase would create 2 million SF of space: a 325-unit apartment building at 495 Dorchester Ave and three commercial buildings.The Boston Globe reported on the proposal, but Core Investments declined to be interviewed.
What does it cost to live in a micro apartment on Dot Ave?
Dot North and the Pleasant Building on Dorchester Ave opened this year as apartment buildings. There are 245 very small apartments currently available, with more being built. So what's the monthly rent?
- Studios start at $2,500
- One bedrooms start at $2,975
- Two bedrooms (with two baths) start at $3,815
- Three bedrooms (with two baths) start at $4,865
Tenants pay water and sewer, internet, and cable. Heat and electricity are included in rent.If you want to park in the underground garage, that will add $250 per month to your bill. Pets are allowed, but that will also cost you - $50/month for a cat and $100/month for a dog.So for a 550 SF one bedroom apartment (with only a shower stall in the bathroom, no tub) with a parking space and a cat will run a tenant upwards of $3,500 a month.Read more details on the Boston Globe.