Boom in Downtown Boston Housing

The Boston Globe reported this morning that developer AvalonBay Communities proposed an apartment tower (with 404 units) right next to Jacob Wirth restaurant on Stuart Street. These Boston homes would make an ideal residence, considering the bustling neighborhood and their central location in downtown Boston.

An excert from the Boston Globe  --

New developer pitches apartments on Stuart St.
by Casey Ross / August 12, 2011

AvalonBay Communities Inc. is proposing to build a 404-unit apartment tower adjacent to the Jacob Wirth restaurant, the latest developer to pitch a large-scale rental housing project in downtown Boston.

The proposed complex would replace an existing parking lot with a 29-story tower that would also include a five-level valet parking garage with 198 spaces.

AvalonBay’s plans were made public yesterday as part of a detailed filing submitted to the Boston Redevelopment Authority. The company is the third developer to propose a large project on the property since 2006; other proposals for offices and a hotel died because of community opposition and weak economic conditions in recent years. Read more...

What do you think about the proposed Boston development - yay or nay?