Penny Savings Bank

Penny Savings Bank

The redevelopment of the former Penny Savings Bank (Penny Place Condominiums) at 22 Union Park Street in the South End of Boston (SOWA) includes a two-story white, marble building with a restored exterior, coupled with a new, three-story contemporary addition. The Penny Savings Bank condo project is a mixed-use development project, which includes retail on the ground floor (a high-end restaurant and a Citibank branch) and parking using the existing driveway and lower level. The bank is a classical revival building, unusual for the Victorian South End, and was built between 1911 and 1917.

The new addition of a simple, glass curtain wall to the original building creates a total of 23 condominiums consisting of lofts, 1, 2, and 2+ bedrooms. The Penny Savings Bank condos will provide unsurpassed views of the city and the Cathedral in Boston’s South End.

Penny Savings Bank condo residents of the lower floor will have high ceilings and loft-like interiors, as well as balconies. The modern addition is set back from the front and Union Park Street side of the building – residents of the Penny Place Condominiums enter through Union Park Street by way of a well-appointed lobby.

The Penny Savings Bankdevelopment contains 23 condos, 9,000 square feet of retail space and parking for 25 cars in an underground garage. The two commercial units on the ground floor of the development, along the Washington Street side, have been leased out to Citibank and the French Asian eatery, Banq Restaurant.