Banker & Tradesman | By Steve Adams
November 4, 2016
State officials describe it as one of the “most convenient locations in Boston” and all you need to get in on the action is a minimum bid of $167 million.
The 5.5-acre site at the southern gateway to downtown Boston could support up to 2 million square feet of transit-oriented development, Gov. Charlie Baker said earlier this year.
Named “SouthGate Boston” in an invitation to bid released this week, the four parcels include the Veolia North America steam plant on Kneeland Street and a Massachusetts Department of Transportation district office building, along with vacant parcels bordering I-93 ramps on the edge of Chinatown.
MassDOT set a minimum bid of $167 million for the 4.6-acre “core parcel” consisting of five properties. Developers also can bid on a 2-acre vacant parcel located on the median of I-93 near the entrance to the O’Neill Tunnel for $5 million. The oval site was created out of excavated soil from the Central Artery Tunnel project.