The DND has received only one proposal for 75-81 Dudley St., a parcel on the corner of Dudley Street and Shawmut Avenue, a five-minute walk from the Dudley bus terminal and close to Dudley Square Plaza.
Madison Park Development Corporation
Madison Park Development Corporation wants to combine this site with the adjacent parcel at 2451 Washington St. — which the organization is also redeveloping — creating a total of 33 units, with 24 affordable to low and moderate income and nine unrestricted at market rates.
The proposed one-to-three-bedroom condominiums at 75-81 Dudley St. will include nine available to households earning up to 80 percent of AMI, with prices ranging from $182,000 to $250,900. Eight will be priced for 100 percent AMI, from $243,000 to $320,100 per unit. But Madison Park representatives said that with $35,000 of down payment assistance from the city, units could become affordable to those earning only 60 percent AMI, or between $45,000 and $63,000 a year.
The new four-story development will include 12 covered, off-street parking spaces, 744 square feet of commercial space that Madison Park will retain ownership of, and community space.