Another Boston office building will be converted into housing.
The Boston Planning & Development Agency has approved the project at 4 Liberty Square that will convert the more than 25,000-square-foot, seven-story office building into 36 residential units, seven of which will be income-restricted.
The 36 units will be a mix of 30 studios, one one-bedroom and five two-bedroom apartments.
Located at the corner of Batterymarch and Water streets, the existing office space will be converted into apartments, and the ground floor restaurant currently on site will remain. The building, once renovations are complete, will be all electric.
The project will also bring community benefits including an interior subsurface bicycle storage room with 36 resident bike parking spaces.
The project is part of the city’s office-to-residential conversion program. Launched in October 2023, the program encourages developers to convert underutilized offices into residences.
In July, the program was extended when Mayor Michelle Wu and Gov. Maura Healey announced the state would offer $15 million to incentivize the conversion of larger-scale office buildings in Boston into housing. These projects are often more costly due to their complexity. The funding aims to address housing shortages by repurposing existing office spaces, thereby creating more residential units.