We received nearly 4,400 applications for our affordable rental units in 66 Hudson at One Greenway. New residents and families moved into their new homes at One Greenway in August 2015. The affordable homeownership units are scheduled to begin construction mid-2016
One Greenway, formerly Parcel 24, is a development with a total of 363 units of new housing, restoring the urban fabric and vibrancy of the Hudson Street neighborhood that once existed nearly half a century ago. Mayor Walsh, partners, and community members joing ACDC in presenting One Greenway, with a ribbon cutting on November 17, 2015. One Greenway is a joint venture between ACDC and New Boston Fund, a privately owned real estate investment manager and an industry leader in providing real estate investment, development and management services. The design of One Greenway responds to the Hudson Street for Chinatown Coalition's vision. Affordable rent and ownership units for low- and moderate-income households account for 40% of all units. Design elements include lushly planted green space, community space, ground floor retail, and underground parking. All of these aspects are incorporated into a neighborhood-sensitive sustainable design.
- A sensitive, sustainable design that responds to the surrounding context and restores Hudson Street to a vibrant residential community.
- Creation of 363 units of much-needed community housing, including 95 affordable rental units, 51 affordable condominiums and 217 market-rate rental opportunities.
- “Smart growth” development that provides connection to public transportation, neighborhood serving retail, community space, open space and a terraced park between Hudson and Albany Streets to enhance the civic space of Chinatown.
- Economic development in the form of construction and permanent jobs; and ACDC, a community-based organization serving the needs and interests of Chinatown, will hold a long-term interest in the property and manage the affordable rental units.