Neighborhood Strategy Areas Program

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The uncertainty over the future of this area has led to disinvestment on the part of building owners, the cancelling of leases by higher quality retailers and a general decline of the area.
Now, however, the construction of Lafayette Place appears likely with the assistance of a HUD UDAG which will result in a new underground parking structure with air rights for a 450 room hotel and retail center and the renovation of another parking structure.
This investment taking place on the site of some
...temporary parking lots will have a significant impact on the surrounding area.
Property values will increase and marginal operations will be replaced by some uses appealing to Lafayette Place patrons. Construction on the underground garage is scheduled to begin in the Fall of 1978.
Completion of the complex is scheduled for Fall of 1931.
-11 C. Deteriorated Street Conditions Both Essex Street and Beach Street are deteriorated and in need of repairs. Essex Street was a "high priority" candidate for Urban Systems funding until the development of the Lafayette Place became too uncertain.


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