HYM proposes major South Boston redevelopment on foreclosed industrial site
Built World Boston, MA localPlan seeks 1.8 million square feet of housing and retail along the Dorchester Avenue corridor
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Overview
Updated 42 minutes agoA six-acre industrial block on South Boston's Dorchester Avenue is slated to become 1.8 million square feet of housing and retail. Boston's HYM Investment Group and New York's Extell Development filed plans Sept. 11, months after a foreclosure auction handed them the land for $75 million.
The site is still zoned for manufacturing, so the developers will seek a Planned Development Area master plan to unlock housing density. The route exists because a 2016 city study that recommended rezoning the corridor was never codified. If approved, the project joins Core Investments' already-approved 'On the Dot' in transforming the strip between the Broadway and Andrew MBTA stations.
Why it matters
If approved, this proposal and Core's 'On the Dot' would turn Dorchester Avenue from an industrial strip into a dense residential corridor.
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People Involved
Organizations Involved
Boston-based developer known for the massive Suffolk Downs redevelopment in East Boston, now leading the Dorchester Avenue proposal.
New York developer that has built more than 35 million square feet since 1989, mostly luxury residential towers in Manhattan.
New York construction firm whose affiliate DOT Development LLC foreclosed on the site and won the March auction with a $75 million bid.
Boston developer that won approval for 'On the Dot,' a 3.8 million square foot mixed-use project on 21 acres near Andrew station.
Boston's planning and zoning authority, which produced the 2016 Dorchester Avenue corridor study and will review the HYM proposal.
Timeline
January 2016 September 2026
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HYM files plans for 1.8M SF project
Today DevelopmentHYM and Extell propose 1.837M SF of housing and retail; Letter of Intent filed with Boston Planning.
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Foreclosure auction sells Dorchester Avenue site
FinancialLender DOT Development submits the only bid, $75 million, taking the six-acre block from Andrew Collins.
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Core Investments wins 'On the Dot' approval
ApprovalBoston developer wins approval for 3.8M SF, 11-building project with 1,460 homes on 21 acres.
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City study calls for Dorchester Avenue rezoning
PlanningBPDA study recommends wholesale rezoning of the industrial corridor for housing, office and labs.
Historical Context
3 moments from history that rhyme with this story — and how they unfolded.
Seaport District build-out (1990s–2010s)
The state extended the Massachusetts Turnpike into South Boston in the 1990s, opening roughly 1,000 acres of industrial waterfront. City and state zoning then guided it into mixed-use development.
The Seaport filled with millions of square feet of office, lab and residential space over two decades.
Established the precedent that South Boston's industrial districts can become dense, high-value neighborhoods.
The same city that transformed the waterfront is now weighing the Dorchester Avenue corridor's industrial-to-residential shift.
Kendall Square rezoning (2000s–2010s)
Cambridge deliberately rezoned an old industrial district around Kendall Square for laboratory and office use, a policy choice aimed at capturing biotech growth.
Kendall Square became the world's densest biotech cluster.
Showed that deliberate corridor rezoning can convert industrial land into a major job and housing center.
It is the upside the 2016 study envisioned for Dorchester Avenue, and a contrast to what happens when zoning never follows the planning.
Fort Point Channel shift (1980s–2000s)
Artists moved into old industrial buildings along Fort Point Channel in the 1980s, and developers followed, converting the district to mixed-use residential and office space.
The neighborhood gained density while preserving much of its industrial fabric.
Became a model of gradual, market-driven transformation in Boston's industrial districts.
Fort Point's slow evolution is the incremental path the current Dorchester Avenue proposals aim to compress.
