Beacon Communities and the Pine Street Inn are teaming up on a plan to convert the YW Boston building at 140 Clarendon St. into 240 affordable apartments aimed at people trying to get out of homelessness or who cannot afford Boston's high rents.
In a letter of intent filed with the BPDA today, Beacon said the Snowden International School and the Lyric Stage of Boston, along with YW Boston offices and the Viga restaurant, will be allowed to stay in their current spaces in the building. The letter signals that Beacon, which has a purchase-and-sale agreement with YW Boston, will soon file detailed plans for BPDA consideration.
Beacon said it would use space now occupied by 63 SRO units, 56 small apartments, the 66-room Hotel 140 and some currently vacant office space to create 240 apartments - all with their own kitchens and bathrooms, and all rented to people making no more than 60% of the Boston-area median income.
All the units, aimed at "some of the city's most vulnerable residents," would be eligible for Section 8 vouchers, the company writes, adding that, in addition to apartments, the building would get new space for health and fitness programs.
Beacon said the Pine Street Inn would provide intensive case-management services for residents who might need help. Pine Street Inn won approval earlier this year to build a similarly staffed apartment building on Washington Street in Jamaica Plain.
The YWCA building went up in 1929.
140 Clarendon St. letter of intent (71.5k PDF).