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) entails a two-story
white marble building with a
restored exterior, coupled with a
new three story contemporary
addition. The Penny Savings
Bank condo project will be a
mixed-use development project, which
will include 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 will create 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 addition will be set
back from the front and Union Park
Street side of the building -
residents of the Penny Place
Condominiums will enter through
Union Park Street by way of a
well-appointed lobby.
The Penny Savings Bank
development, with a current
occupancy date of July 12, 2007,
will contain 23 condos, 9,000 square
feet of retail space, and parking
for 25 cars in an underground
garage. Of the 23 Penny
Savings Bank condominiums,
three will be designated affordable.
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. |
