Business

Formal ground-breaking set for One Greenway project

A formal ground-breaking ceremony is scheduled for early Tuesday afternoon for One Greenway, a mixed-income project that will bring 363 housing units to Boston’s Chinatown neighborhood.

The developers on a project that borders Chinatown and the Rose Fitzgerald Kennedy Greenway are the New Boston Fund and the Asian Community Development Corp.

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One Greenway’s 363 residential units will be in two buildings that bookend a third of an acre of publicly accessible open space. The 312-unit North Building includes 217 market rate rentals and 95 affordable rentals, while the South Building will contain 51 affordable condominiums, the developers said. The first building is set to open in mid 2015. Construction on the project has been underway for several months, but an official ground-breaking ceremony has not yet been held.

Among those expected to attend the event are Boston Mayor Martin J. Walsh, Massachusetts Secretary of Transportation Richard A. Davey  and Jerry Rappaport Sr., New Boston Fund’s chairman emeritus.

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The developers hope the two-building project at the corner of Hudson and Kneeland streets will act as the southern gateway to the Greenway.

According to the website of the Greenway’s conservancy, the Greenway is a “ribbon of contemporary parks” that stretch from the North End to near South Station.

Chris Reidy can be reached at reidy@globe.com.
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