This was already the second attempt to develop the Clinton Avenue lots as apartments. It seems right now the financing perspective doesn’t pencil out in terms of having on-site affordable units, and a deal could not be reached with the Zoning Board to allow the project to go forward in a way that would allow the developer to attain a profit.
Given how close this is to the train station as well as the central business district, I expect at some point it will be developed, probably with another developer and during a more favorable interest-rate climate. But there are lots of other empty lots in the area that are crying out for development, yet things remain stalled. For example, this one on the other side of Washington Boulevard, which is currently overflow parking for the WWE building:
Then we also have the old parking lot on the west side of Atlantic Street (between Federal Street and North State Street), which should have been developed a long time ago. And don’t forget that after the old train-station parking garage gets torn down, there will be another empty lot on Station Place.
They will all be developed eventually, but it will likely take decades.