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Newly filed redevelopment plans for the Motor Mart Garage property in Boston call for a 20-story tower containing 306 apartments and condominiums, and a steep decrease in parking capacity.
Los Angeles-based CIM Group and Boston Global Investors plan to add apartments in the western portion of the 8-story garage at 201 Stuart St. and a new 20-story tower with rental and for-sale housing units. Only 672 of the 1,037 parking spaces would be retained at the garage, which was the world’s largest upon completion in 1926, including 144 reserved for residents.
Approximately 46,000 of the property’s 50,000 square feet of retail and restaurant space would be retained.
In a filing with the Boston Planning and Development Agency, the project team said the three-stack tower’s height is consistent with Boston’s “high spine” urban planning design strategy. The project requires zoning variances for height and floor area ratio.
The Stuart Street proposal is the latest in a series of projects adding residential and commercial space to existing parking garages in Boston.
CIM Group and Burlington-based Nordblom Co. are partnering on construction of an 8-story office building on top of the 321 Harrison Ave. garage in South End.
Boston-based HYM Investment Group has begun construction of a 45-story condo and apartment tower as part of a 2.9-million-square-foot redevelopment of the Government Center garage.
And Fortis Property Group is seeking approval to build 195 residential units in a 10-story addition on top of the Dock Square garage.
