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Article: REVISED FAN PIER PLAN VIEWED AS PLUS `RESIDENTIAL CYCLES ARE MUCH LESS VOLATILE.' / WAYNE STEMMER / TORTO WHEATON RESEARCH
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- August 2, 2001
- Author:
CopyrightCopyright 2001 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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The move by developers to increase residential space at Fan Pier -
while scrapping plans for a secondary hotel - should not only help
the marketing of the land but the financing as well, which developers
and lenders say is key in this stale economic market.
Initial plans from the Pritzker family called for 300 residential
units on the sprawling South Boston parcel overlooking the harbor,
but the number has more than doubled, to 675, in final plans filed
with the state this week.
The change came in response to the city's request for more housing
on the site, and to concerns raised by the Federal Aviation
Administration about the heights of buildings in the flight path of
Logan Airport. ...