New Boston Ventures, a Boston-based residential real estate development-firm is poised to redevelop the former Our Lady of Victories Church and rectory on the often-overlooked Isabella Street in the Bay Village.
The Our Lady of Victories Church located at 25 – 29 Isabella St., was not sold yet for $11.4 million as first reported by the Boston Herald earlier this week, but the sale of old rectory has gone through to the developers.
New Boston Ventures Web site indicates that they plan on converting the old rectory into residential units will be called The Marc.
Other recent developments by New Boston Ventures include The Lucas, converting an 19th century church in the South End to residential units with a glass tower and Boulevard on the Greenway – a 36-residence project located on the Rose Kennedy Greenway.
Since 1883, the church has been serving the Bay Village community until its closure in February 2016.
This past May, the developers presented their design and ideas for other developments at along Isabella Street at the Bay Village Neighborhood Association’s (BVNA) executive meeting. The committee voted to not oppose the plans to build nine condo units.
The upgrades will include a new roof deck, rear decks and converting the parking spaces on the sidewalk out front to a garden to meet the open space requirements. In addition, the closed entranceway that faces the street will be reopened.
There will be parking spaces below-grade for each unit to have two parking spaces available.
The developers have been working with the Bay Village Historic Commission to make sure they are in compliance and have to yet to file a letter of intent to the Boston Planning and Development Agency.