Boston Residential closes on Boston development site

Boston Residential Group has closed on the off market $12.7 million purchase of 55 India Street. Located on Boston's Rose Fitzgerald Kennedy Greenway, the property is one of the last empty developable sites on the Greenway. The firm plans a $70 million, 12-story condominium tower featuring 29 units. The 71,000 square foot building will include a green roof, restaurant and ground floor retail. 55 India St. was originally part of Charles Bulfinch’s India Wharf project and has sat empty since the start of the Big Dig.

Said Curtis R. Kemeny, president and CEO of Boston Residential Group. “The demand for new construction luxury 3 bedroom condos in downtown Boston is strong, but supply is limited. We want to address that market imbalance. 55 India will be a boutique offering in a service-rich building with access to what has become one of Boston’s finest amenities.”