The L Street Station Redevelopment at 776 Summer Street is a transformative project led by Redgate and HRP Group (formerly Hilco Redevelopment Partners). This 15.2-acre mixed-use development reimagines the historic Edison Power Plant site into a dynamic urban district, blending adaptive reuse with contemporary construction.
The master plan encompasses residential units, retail spaces, hospitality venues, commercial towers, and cultural facilities, all anchored by the preserved century-old turbine halls. The project aims to reconnect the site with the surrounding neighborhood and set a new standard for adaptive reuse in Boston.
Location: 776 Summer Street, South Boston, MA
Site Area: 15.2 acres
Total Development: Approximately 2.1 million square feet
Components:
Residential: Over 600 housing units
Hospitality: 240-room hotel
Commercial: Two office towers totaling 860,000 square feet
Cultural: Adaptive reuse of historic turbine halls for cultural venues
Public Space: 5.7 acres of open community space
Status: Under Construction
Estimated Delivery: To Be Determined
Investment: Not disclosed
Redgate is a Boston-based real estate firm specializing in strategic advisory, owner’s representation, and investment. With over 25 years of experience, Redgate operates with a mission to enrich lives and communities by unlocking the power of real estate. Their team of 55+ professionals is known for delivering superior risk-adjusted returns and capital appreciation for investors.
HRP Group, formerly Hilco Redevelopment Partners, is a vertically integrated real estate investment and redevelopment company. They specialize in transforming obsolete industrial sites across the United States through a holistic approach that prioritizes economic, community, and environmental sustainability.
As of Q1 2025, Boston's multifamily market remains stable, with approximately 16,000 units under construction—about 5.5% of total inventory—reflecting a measured supply pipeline that supports long-term market stability. Vacancy rates have slightly improved to 5.4%, outperforming the national average of 8.0%, indicating steady absorption and healthy demand. Rent growth continues to outpace national trends, with a 2.3% year-over-year increase, compared to the U.S. average of 1.1%
Residents will have some of Boston's best attractions just steps from their front doors, including:
Boston Harborwalk: A scenic walkway along the waterfront, perfect for leisurely strolls and enjoying public art installations.
Institute of Contemporary Art: A modern art museum featuring innovative exhibitions and performances.
Fort Point Channel Historic District: A historic area known for its unique architecture and vibrant arts community.
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