RKG Associates partnered in the amending of Quincy, MA's urban renewal plan in support of new and planned redevelopment in its downtown.  In the mid-2000s, the dense, richly diverse city just south of Boston rezoned its downtown to allow for a mix of mid-to-high rise development that would encourage higher density, transit-oriented development. Several major obstacles, however, impeded its implementation, including many small lots, high land assemblage costs, and needed infrastructure improvements.  A parking garage at the Quincy Center MBTA station had recently closed due to its deteriorating condition, and represented another key asset for redevelopment in the amended plan.

 

RKG Associates prepared a financial plan for the revised redevelopment program, and estimated a funding capacity of $175 million for public-sector improvements that would support the revitalization.  A District Improvement Financing (DIF) plan for the downtown area was a key component in leveraging new value-added assessments to repay DIF bonds.

 

The City completed a $30 million roadway project, plus another $10 million in spending on utility grades and other planning initiatives.  Four major projects subsequently commenced in Quincy Center as part of a unique public-private partnership that is redefining the rapidly growing and historic city.

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Photo Credit: Cliveden Place, BLDUP​

www.bldup.com/projects/cliveden-place