Indigo Block. located at 65 East Cottage St IAG PRESENTATION 3/14/16

Transcription

1 Indigo Block located at 65 East Cottage St IAG PRESENTATION 3/14/16 Presented by: Dorchester Bay Economic Development Corporation Boston Capital Escazu Development Newmarket Community Partners Davis Square Architects

2 The Development Team Dorchester Bay Economic Development Corporation Boston Capital Newmarket Community Partners Escazú Development Davis Square Architects

3 Goals and Vision Integrate the 65 East Cottage Street property into prior Uphams Corner based planning initiatives: Uphams Corner Working Group, DND process, and neighborhood meetings/resident input. Build housing for 4 levels of income. Goal is to keep residents in the neighborhood, not displace them. Create light industrial/commercial space focused on job creation, local employment, and low impact on abutters. Commit to local hiring for construction and permanent jobs, and using minority and women owned contractors.

4 The Program Mixed-use program: 80 Residential rental apartments with 4 market rate twofamily homes for homeownership 20,000 square feet of Light Industrial/Commercial space on two floors (plus a 3,400 SF mezzanine level) A new connection to public transit at the Uphams Corner platform directly from the site

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6 Site Program Homeownership Light Industrial / Commercial Residential Rental MBTA Connection

7 Rental Housing Program Rental Housing 80 Units Family Income Target (for a family of 4) Low Income Housing 8 units $0 to $34,000 / year Workforce Housing 36 units $35,000 to $79,000 / year Middle Income Housing 36 units $80,000 to $118,000 / year Unit Types Unit Count One Bedroom 22 Two Bedrooms 48 Three Bedrooms 10

8 Rent Levels Unit Type One Bedroom Two Bedrooms Three Bedrooms 8 Low-Income Units $0 to $34k Rental Assistance Rental Assistance Rental Assistance 36 Workforce Units $35k to 78k 36 Middle Income Units $78k to $118k Dorchester Market $1,052 $1300-$1,400 $1,300 $1700 $1,263 $1,450-$1700 $1,500 $2,000 $1,459 $1,800-$1,900 $1,800 $2,500

9 Residential Amenities Community room Club room Computer room Bike storage room

10 Light Industrial / Commercial Flexible spaces: targeting occupancy by 2 to 10 businesses Dedicated off-street loading and commercial-only parking spaces Only light industrial uses that are compatible with the neighborhood will be chosen leases will have good neighbor restrictions on noise, hours of loading, etc. Examples include: Back Office for Larger Institutions, Innovative Manufacturing (3D Printing, Electronic & Digital Components), Craft Distillery, Food Distribution, Architectural/Design Firms, Project Management Co s, Product Distribution, Import/Export Businesses

11 Market Rate Homeownership Units 4 two-family buildings for homeownership (1 owneroccupied unit plus 1 rental unit) 1 parking space per unit Design is in progress

12 Market Rate Homeownership Units Pricing and Income Level to Afford Market Rate Price per Two-Family Home $625,000 starting at Expected Income from Rental Unit $1,400 - $1,800 per month Household Income Needed to Afford Mortgage $68,000- $80,000 annually

13 Parking Total of 63 spaces available for 80 residential rental units (0.78 ratio): 50 dedicated residential spaces 13 swing spaces shared with commercial based on time of day Resident parking sticker program Total of 29 spaces available for commercial (1.3 per 1,000 SF) 16 dedicated commercial spaces 13 swing spaces shared with residential based on time of day 2 spaces per two-family building (1:1 ratio per unit)

14 Community Benefits Well Integrated into Existing Neighborhood: Design and Income Mix Local Construction Jobs: 51% Boston Residents, 51% Minorities, 15% Women 30% of the total construction contract value will go to minority firms, 10% to women owned firms DBEDC has exceeded these numbers on its last two projects, totaling $40 million in construction Local Permanent Jobs: Half of jobs committed to neighborhood residents DBEDC meeting a similar commitment at Pearl

15 Community Benefits Public Transit Access Working with the MBTA to build a new, well-lit access point to the Uphams Corner Station from the Indigo Block site Open Space Green space and playground for neighborhood use Community Room available for community use Commitment to conduct environmental clean-up and to sustainable design Active community engagement process, continuing the involvement before and since our designation

16 1. RFP Response Evolution of the Site Plan

17 2. July 27 community meeting

18 3. EPNF site plan

19 4. Current site plan

20 Traffic Traffic flows from E Cottage St through to Harrow St Two-way section off E Cottage allows access to commercial loading dock Added cars at peak hours: 31/hour (am), 36/hr (pm) (1 car every 2 minutes)

21 Residential Apartments

22 Light Industrial / Commercial

23 Two-Family Units

24 MBTA Platform Connection

25 Thank you! We welcome your questions and comments.