Real estate developers in the Boston area understand that complications can arise when obtaining the proper permits. A major real estate development project can involve many different agencies. These developments are important for the community and investors alike, and having these projects succeed is the goal for a healthy community.
A major development is in the works for Suffolk Downs in East Boston. The now former horse track, which sits on 161 acres, is slated for redevelopment. The Boston Planning and Development Agency is currently reviewing a zoning plan by a company that seeks to build office spaces for around 25,000 workers and housing for 10,000 apartments and condominiums.
The developer's plan is to create a community where parks and public spaces cover a quarter of the land. The plan also includes a neighborhood health center, retail center, and schools. The developer also plans to have 13% of the housing units dedicated to affordable housing. This would be the largest influx of low-income housing that Boston has seen in decades.
When a company enters a new development or other type of building project, there can be complications with zoning requirements and land use. An attorney who specializes in real estate development can help their client work through the policies and procedures to ensure the project is successful. An attorney can offer comprehensive services in acquiring land and preparing the land for development. These services can include environmental permitting, due diligence and property closing, examination of existing zoning laws, and other issues.