J.T. Magen & Co. and Extell Development are proposing 1,945 homes across roughly 1.8 million square feet of residential and retail space at 314-420 Dorchester Ave., where Dorchester Avenue splits from Old Colony Avenue in South Boston. The proposal follows the developers’ $75 million winning bid at a St. Patrick’s Day foreclosure auction, according to The Boston Globe.
The plan, first detailed by The Boston Globe, calls for multiple residential buildings, along with ground-floor retail. The site sits between the Broadway and Andrew MBTA Red Line stations. Thomas O’Brien of HYM Investment Group is the local partner on the project, according to the same report.
The cited account does not detail the project’s parking plans or construction costs.
A Decade-Long Assemblage Ends in Foreclosure
J.T. Magen and Extell acquired the roughly six-acre, mostly vacant industrial assemblage with their $75 million auction bid, according to The Boston Globe. The property had been assembled over several years by local developer Andrew J. Collins — brother of state Senator Nick Collins, per the Globe — for a proposed life-science campus that did not move forward…