August 11, 2011 - Developers are set to begin construction on Pier 4, one of several projects gaining traction

After years of delay, the developer of Pier 4 in Boston's Seaport District will build a $170 million apartment and retail tower, adding to a burst of development activity that is rapidly transforming the city's waterfront.

Executives with property owner New England Development of Newton and its partner on the project, Hanover Co. of Houston, said they expect to begin construction next spring on a 21-story tower that would include 357 apartments, retail stores, and an underground parking garage next to the Institute of Contemporary Art.

The new building would not immediately result in the closure of the classic eatery Anthony's Pier 4, which is to be replaced in later phases by a one-acre public park at the water's edge. The restaurant may reopen in another location on the property, where New England Development is planning a second residential building, a hotel, and additional retail space.

View complete article at Boston.com.