$1 billion remake of Bunker Hill housing site on tap

http://www.bostonglobe.com/business/2015/09/30/housing-authority-taps-corcoran-jennison-rebuild-bunker-hill-project/rYSMPwYfQF92COnnu6BnrM/story.html



The Charlestown neighborhood’s 1,100 low-income units are to be replaced by new affordable units as well as market-rate apartments and senior housing.

$1 billion remake of Bunker Hill housing site on tap
By Tim Logan Globe Staff
October 01, 2015

The Boston Housing Authority has selected Corcoran Jennison and the national developer SunCal to undertake a nearly $1 billion remake of the city’s largest public housing development, according to a person involved in the project.

The authority will announce the selection Thursday, said this person, who was not authorized to speak publicly because the award had not been made public.

The Corcoran-SunCal team beat out three other big-name real estate companies for the rights to replace the 24-acre Bunker Hill development in Charlestown with a mixed-income community in which low-income tenants in subsidized units will live next to wealthier residents in market-rate housing.

Officials at Boston-based Corcoran Jennison could not be reached for comment late Wednesday.