The final design of 282-286 Marginal St., which calls for the construction of a 9-unit condo building
on the vacant lot there. The developers will break ground on the project on Thursday.
Developers of a new condo project on Marginal Street will break ground on 9-units of market rate housing Thursday.
Owner Michele Catalano will join architect Elizabeth Whittaker and contractor DelVecchio Construction to break ground on the 4-story, 9-unit condo development on a vacant lot on Marginal. The lot, located at 282-286 Marginal St. has long been empty and an eyesore in the neighborhood.
The project recently got city approval and the development team will be joined Thursday at 11 a.m. by City Councilor Sal LaMattina and the Chamber of Commerce.
“I think this project will bring young professionals from places like South Boston and Charlestown to East Boston because the neighborhood has gained the reputation of an up and coming place and that’s the draw,” said Catalano.
Catalano said the units will be priced between $399,000 and up with the top floors fetching a higher price.
“The top units have 300 sq. ft. roof decks and are between 900 sq. ft. and 1000 sq. ft.,” she said. “It all depends on where we are in the market.”
Catalano said there would be an architectural model at the groundbreaking so residents can have the opportunity to look inside the development.
“What’s unique about this project is that they are all going to be for sale,” said Catalano. “There are a lot of development projects for rentals because the rental market is hot but these will be marketed to people looking to buy into East Boston.”
Catalano redeveloped 34 Cottage St. and recently rehabbed 149 Webster St.