The BPDA has signed off on the massive L St. Edison Power Plant redevelopment, advancing a project that would bring major changes to the South Boston neighborhood.
The long-dormant colossal puce power plant that rises above Southie’s City Point neighborhood, visible for miles around, is on track to be replaced by a 1.7 million-square-foot development that would include 636 apartments and condos, 860,000 square feet of office and research uses, 60,000 square feet of retail space, 240 hotel rooms and up to 1,214 parking spaces.
The Boston Planning & Development Agency board voted to approve the project Thursday night.
Developers Hilco Redevelopment Partners and Redgate Capital Partners bought the 15 acres that hold the now-123-year-old former coal plant in 2016.
“This milestone marks a years-long community review process, throughout which our plans for the redevelopment were revised and improved,” said Ralph Cox of Redgate. The developers will build the site out over the next decade and a half, including incorporating the old turbine room into a new building.
“This project will transform a vacant, decommissioned power station into a dynamic mixed-use site that will bring jobs, new housing, open space, cultural spaces, and resiliency investments to South Boston,” BPDA Director Brian Golden said in a statement.
The project had caused some controversy and experienced some hangups over transportation concerns in the already busy area.