21-story building would kickoff ‘Triangle’ redevelopment
By JOSH RESNEK
The Zoning Board of Appeals has given unanimous approval for a 21-story apartment building to be built in the residential Triangle area of the city on Spring Street.
This approval does not guarantee the building will go up.
That will take a closer look at market conditions by developers and bankers who will need to raise and borrow about $200 million to make the building appear on a spot that was once one of the city’s most contaminated.
This new apartment house with a roof deck restaurant, with spectacular views of the Boston skyline, would be Everett’s largest and tallest apartment without peer.
Nothing but the Encore Hotel at the casino rises that high into the Everett sky.
It is believed this tall building in the Triangle could lead to two or three more tall buildings with more than 1,000 units of apartment housing.
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