The development of the 15.2-acre former Edison Power Station at 776 Summer St. in South Boston cleared another hurdle in June. That’s when the Massachusetts Port Authority agreed to change deed restrictions on the property in exchange for $12 million from the redeveloper, greenlighting the project.
Plans for the mixed-use development call for 636 housing units.The project, which will be done in several phases, is expected to take more than a decade to complete, according to the 2017 letter of intent filed with the Boston Planning & Development Agency. The project is forecast to bring $298 million in benefits to the city, including 2,500 construction jobs, 1,500 permanent jobs, affordable housing, subsidized retail business, job training, annual internships, 6 acres of open space, and road improvements.
Source: Massport greenlights development at former Edison plant
