New condos coming to Comm Ave in Brighton

Long-awaited plan for Charing Cross condo building in Brighton to be unveiled -
"A local developer will announce detailed plans Thursday night for a long-awaited project to construct a 55-unit condominium building at a highly-visible, city-owned site along Commonwealth Avenue in Brighton... “We’re going to be one of the first ones in Boston to get in on what I think is an emerging condominium market,” said Diamond, declining to disclose the current projected cost of a project that, as of four years ago, was billed at about $18 million."
Nice to see that a private developer can build some owner-occupied housing in Brighton. Does this mean it might be financially viable for Harvard to do the same in North Allston?