The developer of two towers along Albany Street in the South End is scrapping plans to build a hotel in one of the towers and instead plans to add more residential units.
Normandy Real Estate Partners had planned to construct a 19-story apartment tower with 220 units and an 11-story hotel with 325 guest rooms at 275 Albany St., but the company now plans to create up to 180 rental units in the 11-story tower.
In a letter to the Boston Redevelopment Authority, the company, through its lawyer, said “shifting economic conditions” led it to change the plans previously approved by the board.
The letter states that “given current market conditions, the [a]pplicant was unable to secure a hotel operator despite diligent efforts to do so.”
The plan previously called for 19-story residential tower facing Traveler Street, housing 220 rental units that range from studios to two-bedrooms, and an 11-story hotel accessible from East Berkeley and hosting up to 325 so-called “micro-style” rooms.
Now, the East Berkeley tower will house up to 180 residential units.
The change to the $165-million project, which must be approved by the authority, also increases the number of parking spaces from 165 to 180. The heights, floor area ratio, and basic configuration of the buildings have not been changed.
The project would still include retail space.
A public meeting to discuss the proposed change has been scheduled for Tuesday from 6:30 to 7:30 p.m. at Project Place, 1145 Washington St, Suite 2.
According to the letter filed with the authority, the changes will lead to fewer impacts to the neighborhood, including a decrease in the projected daily vehicle trips, wastewater flow, and water demand.
This is not the first time plans have changed. The plan originally called for to two hotel towers when the company submitted the proposal in 2010. The plan was revised to one tower for housing and one for a hotel last summer.
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