New developers have taken on Lovejoy Wharf, Boston's largely abandoned and dilapidated northern gateway that has the potential to become a bustling waterfront office, residential and retail complex.
Hub-based Beal Cos. and Related Cos. of New York filed revised plans to renovate the historic Hoffman building at 160 North Washington St. for offices instead of condos. Sneaker maker Converse is reportedly eyeing the space.
The project, across Interstate 93 from the TD Garden, also includes demolishing the adjacent 131 Beverly St. and erecting a 14-story residential tower.
"This project will play a central role in rejuvenating Lovejoy Wharf and making it a vibrant waterfront center reflective of both its history and its distinguished location," the developers wrote to the Boston Redevelopment Authority.
The developers are buying the property from Ajax Partners. The Lexington firm won city approval in 2007 but its $200 million project bogged down in a lawsuit with abutters.
With the dispute settled, the new developers plan to start construction early next year. The filing indicates a single tenant will lease the 187,000 square feet of office space and bring in 300 employees.
A Converse spokeswoman said the North Andover-based company is "exploring options for an expanded company headquarters" in Greater Boston but "no decision has been made."
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