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Boston & New England  + Metro Boston  + Apartments  | 

MBTA Okays Updated Plans for Apartments Near Riverside Station

The Massachusetts Bay Transportation Authority (MBTA) board approved a new proposal for a large development project near the Riverside station in Newton, MA, the Boston Herald reported. The approval pushes forward construction of hundreds of new transit-accessible housing units. 

“After a lot of discussion, a lot of work on both sides, we have arrived at this: The developer’s proposing two phases, with the first phase being residential only, primarily on their site, partly on our site,” said MBTA chief real estate officer Richard Henderson, presenting the development proposal at a board meeting recently. “About 545 units, 20 to 25% of which will be affordable.” 

Phase one of the development, proposed by Mark Development, also includes 650 MBTA parking spaces. The scaled-back proposal allows the company the reserved right to build further development in the area. 

The lot currently houses the shuttered Indigo Hotel and 950 MBTA parking spaces. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Policy/Gov't
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