| 
Image courtesy of Google Maps
Plans are in the works to propose a 334-foot tower in Charlestown’s Sullivan Square, according to a letter of intent filed with city of Boston officials Tuesday afternoon.
Newton-based Fulcrum Global Investors’ lawyer Donald Weist, of Dain Torpy, said in a letter to Boston Planning & Development Agency Director Brian Golden that it intends to propose a 29-story multifamily tower containing 695 apartments and a ground-level “European-style market hall.”
The building just steps from the MBTA’s Sullivan Square Orange Line station would total 552,000 square feet and include 240 off-street parking spaces for tenants and employees. Planned amenities include an indoor-outdoor fitness center, dedicated work-from-home suites and resident lounges with views of the surrounding area.
An affiliate of Fulcrum Global Investors bought the project’s parcels in August for $1.2 million, according to public records. The site is currently occupied by an auto junkyard and two small houses and sits across the street from one of the MBTA’s largest bus maintenance facilities.
The project’s “commanding location,” Weist wrote, will serve as a “gateway” to Boston. Nonetheless, it would be far taller than anything near it, even just beating out the 323-foot-tall spires of the Leonard P. Zakim bridge and the 319-foot-tall Encore Boston Harbor casino just across the Mystic River.
“Viewed at the neighborhood scale, the property is an ideal setting for enhanced density: nowhere in Charlestown is located farther from the Bunker Hill monument, and this parcel is separated from the nearest residential area by the massive infrastructure “moats” of both the elevated highway and the adjacent rail corridor,” Weist wrote.
City officials have identified Sullivan Square alongside the northern Dorchester Avenue corridor and Beacon Yards as one of Boston’s key future growth areas, thanks to its sprawling industrial areas and parking lots and mass-transit connection. However, the city only recently began a major effort to plan for this growth, called PLAN:Charlestown.
“The Letter of Intent kicks-off what will be a robust and comprehensive review of this proposal within the context of the ongoing PLAN:Charlestown study,” BPDA Director Brian Golden said in a statement.
