(Image courtesy Elkus Manfredi Architects)
Cresset Development, developers of the Liberty Wharf on the Boston Waterfront, recently filed plans with the Boston Redevelopment Authority for a 200,000 square-foot project on D Street in South Boston across from the Boston Convention & Exhibition Center.
The development at 411 D St., designed by Elkus Manfredi Architects, would raze the current commercial structures on the property and replace them with two residential structures with retail/commercial space on the ground floor.
Cresset purchased the 63,000 square-foot property for $7.3 million last fall and plans to house 197 rental units in the two structures along with 26 “innovation units”. The makeup of the units would consist of studios, one-bedrooms, two-bedrooms, a few three-bedroom units and 129 spaces for on-site parking.
The first building would be six stories with a height close to 70 feet. The first building will also include a roof top terrace. The second building which will reach five stories and be nearly 60 feet tall, will also include residential units along with a second floor garden terrace and a roof top garden terrace. The second building will also differ in shape, reducing floors on the southern side to allow for more light on the second floor garden terrace.
Cresset estimates that the project will cost close to $60 million.