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Developers get OK for high-rise affordable housing on Chinatown parking lot

New Developments News Boston
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An architectural rendering shows the residential project that would replace a city-owned parking lot on Tremont Street. Stanec

Millennium Partners and a team of developers it’s leading received a green light Thursday to turn a Chinatown parking lot into a high-rise full of affordable housing.

The Boston Planning & Development Agency awarded the big developer, along with Asian Community Development Corporation, Corcoran Jennison Cos., and Tufts University, the rights to build on a city-owned lot on Tremont Street. They plan to put a roughly 30-story tower on the site, with 45 apartments for low-income renters and about 107 condos with prices geared to lower- and middle-income homeowners.

The project would also include an expanded Doubletree Hotel on one side, owned by Corcoran Jennison, and an expanded Tufts Medical Center garage on the other. It would be among the largest affordable housing developments built in Boston in recent years, in a part of the city where rents have surged and many longtime renters have been priced out. The BPDA was aiming for affordable housing when it sought proposals for the lot last year, and that’s what has been proposed, said director Brian Golden.

Read the complete story at BostonGlobe.com.

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