The Boston Globe | By Jill Terreri Ramos
December 16, 2016
A public hearing will be held in Quincy Monday, Dec. 19, on developer Peter O’Connell’s proposal for a 15-story residential tower on the site of a downtown city parking lot.
O’Connell’s plans for Chestnut Place — which would be as tall as current zoning allows and feature 124 apartments of varying size, including studio, one-, and two-bedroom units, and first-floor retail shops — were brought before the City Council on Monday, Dec. 12.
Under a land disposition agreement being reviewed by the council, construction would begin within 90 days of closing, and end 17 months after it began. The developer has said he hoped to begin construction in fall 2017.
He would pay for a portion of a new parking garage the city is building and have access to 130 spaces. The new tower and the parking garage, estimated to have between 650 and 700 spaces, are proposed for the so-called Hancock Lot, which was going to be developed under the city’s agreement with Street-Works, before that deal fell apart.