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One Greenway (Parcel 24) is located in Boston's Chinatown neighborhood and abuts the Rose Kennedy Greenway. Parcel 24 was home to over 300 Chinatown residents before it was taken for highway construction in 1962. In 2000, the Asian Community Development Corporation (ACDC) led a comprehensive neighborhood effort to have the site returned to the community.
New Boston and the ACDC formed Parcel 24, LLC and won the designation to develop the land - a 57,000 SF infill, urban site in Boston’s Chinatown - from the Massachusetts Turnpike Authority (MTA) in April 2006. The project received the initial entitlements in October 2008 and secured a $3.5M commitment from the City of Boston for the affordable housing component of the program. One Greenway has 363 residential units in the two buildings that bookend a new pocket park. The 295-unit North Building will include 217 market rate rentals and 95 low income housing tax credit affordable rentals, and the low-rise South Building houses 51 affordable condominiums. The project features approximately 135 parking spaces, a small park, and 11,000 SF of retail and community space.
Urban Strategy America Fund