Intercontinental Real Estate Corp, new owners of a plot of land on D Street, in the Seaport District, received approval from the Boston Redevelopment Authority to build 585 condos within four buildings, ranging in height from six to 17 stories.

The project is scheduled to be completed approximately two years from now.

The Seaport District is to undergo a tremendous amount of change over the coming years, with the build-out of Fan Pier, Pier 4, bringing new hotels, office towers, and residences to the area.

More: Apartment project is reborn as condos in a new S. Boston - By Thomas C. Palmer Jr., The Boston Globe

From The Boston Herald and The Boston Globe:

The Boston Redevelopment Authority yesterday largely cleared the way for the development of more than 11 acres of parks and buildings up to 180 feet tall in the reemerging Fort Point Channel area …

… Four large landowners — Gillette Co., US Postal Service, Archon Group, and Beacon Capital Partners LLC — are covered by the rules approved yesterday, which applies to the area along the east side of the Fort Point Channel south of Summer Street. It is known as “the hundred acres” but is actually about 89 acres in size.

… The BRA’s vote sets the stage for what could be $2 billion worth of development that could create a new neighborhood of offices, parks, condos, apartments and shops within the shadow of Boston’s Financial District, said Kairos Shen, director of planning for the city authority.

Developers are proposing as many as 2,300 units of housing, for the area, to be built over the coming years.

Sources: BRA takes the Point with plan: 100 acres across from South Station eyed - By Scott Van Voorhis, The Boston Herald and BRA approves master plan for Fort Point Channel area - By Thomas C. Palmer, Jr., The Boston Globe