Developer picked for Radius site

The Kensington Investment Company, rental housing developers with a portfolio that includes properties in the Back Bay, Dorchester and Mattapan, placed the winning bid for the site of the former Radius hospital on Townsend Street during an auction last week.

“KIC is looking forward to continuing to be part of the growth in Roxbury and surrounding areas,” a spokeswoman for the firm said in a statement emailed to the Banner. “Its intention is to work with the community and build sustainable workforce housing on the site.”

The sloped, 4.96 acre development site currently has 159,000 square feet of space in five connected buildings and three parking lots.

Kensington’s portfolio includes a number of office and residential buildings the firm has acquired as well as the newly-built Kensington building on Washington Street in Chinatown where luxury one-bedroom units rent for $4,000 a month.

An attorney for the firm would not comment on whether KIC will tear down or renovate the existing buildings.

“Things are in the works,” said attorney Leonard Zide. “I’m not at liberty to say anything until the ink is dry on all the documents.”

Closing on the property is expected to occur on September 30, 2015.