A Tremont Street parking lot in Chinatown could become home to a 416,500-square-foot tower with affordable-housing units, hotel rooms, and an expansion of theTufts Medical Center garage, developers told city officials Tuesday.
Millennium Partners, Corcoran Jennison, Asian Community Development Corp., and Tufts Shared Services Inc., under a joint venture dubbed 288 Tremont Street Partners LLC, have filed a Letter of Intent outlining their plans with the Boston Planning and Development Agency, which selected the group to redevelop the site last year.
While the specifics are still forthcoming, the project would include a 350-foot tower with “100 percent income-restricted” residential units, a hotel component, and the build out of the adjacent Tufts Shared Services garage, the letter says.
The vision also includes a pedestrian plaza walkway, a courtyard, and ground-floor community space, which developers say they hope will become the Boston Public Library’s Chinatown branch. The library, which brought its services back to the neighborhood after an absence of more than five decades, has been operating at 2 Boylston St. as officials have searched for a permanent home.
In its pitch for the property’s redevelopment rights last year, the development consortium presented a $174 million plan for a 369,000-square-foot, mixed-use property with 171 low-income and affordable units, 140 hotel rooms, and 264 parking spaces.
The proposal was the only one the BPDA received for the property.