With slight modifications, developers of Pier 4 in South Boston hope to break ground on the development in early 2012.
The developers explained to community members Wednesday night the changes they would be making to the Phase One portion of the million-square-foot project and laid out a construction timetable.
“We have changed one of the buildings but it is the same project that has been permitted over the years,” said Bill Cronin, senior vice president of New England Development LLC.
Phase One will redevelop the 9.47 acre Pier 4 wharf on the South Boston waterfront, adding public and private amenities.
The structure in Phase One was originally proposed as a 21-story commercial structure that would be used for office space.
According to New England Development representatives, the demand for office space is not as high as they anticipate and so they have filed documents with the city to alter the plan.
According to the revised plans, developers propose reducing the footprint of the building from nearly 31,000 square-feet to approximately 25,000 square-feet and including residential rental units.
Along with the residential construction, the building will also include three-stories of underground parking for approximately 258 cars.
The makeup of the nearly 380 units will consist of studios, one-bedrooms and two-bedrooms, which will also include 50 innovation units, with 13 percent of the overall units deemed affordable.
Phase One, the first of three phases, is expected to take about 18 months. The other two phases would include a nearly 170-foot tall, 200-room hotel building, and the third phase will include a 100-foot tall 250-unit condo structure, with the whole site offering nearly 1,200 underground spaces for cars.
Although this project has been in the works for nearly 13 years, developers are still waiting to find a hotel to sign on to Phase Two and will hold off on construction until then.
Along with the three buildings, developer plan to extend the existing Harbor Walk and create a one-acre park at the end of the wharf.
All the buildings will also have opportunities for retail and commercial space on the ground floor,, and Phase One will include space for community meetings and functions.
The community is encouraged to review the project and submit their comments to the Boston Redevelopment Authority. The comment period ends Dec. 9 and developers will before the BRA seeking approval on their modifications Dec. 15