Dorchester Reporter | By Jennifer Smith
November 10, 2016
Three years in and optimistically eyeing a 2017 groundbreaking, the developers of the mixed-used Dot Block project said this week that they are juggling design and funding questions that will have delayed the start of the massive project next to a vital Dot Ave crossroads.
Members of the Columbia-Savin Hill Civic Association were briefed on the project’s progress at their monthly meeting on Monday night at the Little House on East Cottage Street.
The Glover’s Corner development, which Dot Block co-owner Sean Gildea said would break ground late next spring in the best-case scenario, requires $150 million of investment for construction costs. The developers are working to secure that funding, likely from an institutional lender, he said.
Dot Block will include five buildings with 374 residential units, about 40,000 square feet of retail space, and some 450 parking spots in a five-story garage. A pedestrian walkway will leave the complex open to the surrounding neighborhood.
The Dot Block group owns 3.95 acres that make up the bulk of the site that is bordered by Dorchester Avenue and Hancock, Greenmount, and Pleasant streets as well as a gas station lot at the corner of Dorchester Avenue and Hancock Street. Developers are still trying to bring two adjacent properties onto the project — a Vietnamese bakery and the Sarahcare Adult Day Care Center.