The former L Street Station is getting a much-needed facelift from Hilco Redevelopment Partners (HRP). The 15.2-acre site was home to a coal-fired power plant that provided power to Boston from 1898 until it was decommissioned in 2006. HRP acquired this site in 2016 and began above-grade remediation of some of the existing structures – bringing in the South Boston community, city officials, neighborhood representatives, and other stakeholders to create a potential redevelopment plan for the space.
In January 2021, HRP’s plan was approved by the Board of the Boston Planning and Development Agency unanimously. The project calls for a redevelopment of the 1.68 million square foot area into a mixed-use space. The area will include 860,000 square feet of life science and office space, 636 residential units, a 240-key hotel, and 95,000 square feet of retail and cultural space. This is paired with an additional 5.7 acres of public outdoor space as well as a 2.5-acre park on the waterfront.
The address of the development is located at 776 Summer Street in South Boston. The area is best known for its restaurants, bars, culture, characters, and amazing parks. HRP’s L Station development will be a nice addition to the South Boston area, creating housing opportunities and additional jobs once completed. It is ideally located across the Reserved Channel from the Seaport District – another up-and-coming Boston neighborhood. 776 Summer Street’s location puts it approximately one mile from South Station and quick access to I-90/I-93, as well as Logan International Airport.
Construction will begin soon on this mixed-use space, and once pre-leasing on the 636 residential units begins, they will not last long. You will want to get on the list as soon as possible. Elevated is your premier real estate connection to South Boston and the other surrounding areas. If you are interested in any of the luxury real estate in Boston, contact us for more information and to see existing listings.