In the continuously bulging state of Boston's real estate comeback, the road from accepted bid to signing on the dotted line can be full of hairpin turns. While most experts say that the vast majority of accepted bids lead to sales, deals can - [...]
Blog :: 06-2014
We all know that The Waterfront is where most Bostonians would prefer to live. It does after all, command unparalleled views of the harbor and is quite the ideal location especially during the summer where the Greenway is just literally a skip away for fun and outdoor-ish activities. But, as with the case with neighborhoods that are [...]
We all know that the Downtown Boston rental market is red hot right now. In fact, listings are flying off the shelves as we get deeper into the summer real estate rental season. Just this week alone, there have been close to 100 units that has already gone off market - and we're just talking about the 4 Central Downtown neighborhoods of [...]
The heat is on! And we're not just talking about temperatures, as Boston's skyscraper boom is getting even hotter than ever before. Just take a look at these projects that are slated to either be approved, completed, or delivered within the next three to five years. Consider, too, that this is just the tip of the iceberg as farther-known "secret" projects in East Boston, South Boston, and Somerville are set to be announced before this year ends.
Let's take a dive of what we know to be in the property pipeline:
We've known for a while now that the Christian Science Plaza Tower would likely become the tallest skyscraper project in town, but its only recently that we've gotten more details of the project. For instance, the total height of the building has been under wraps until The Boston Globe revealed that it'll be less than a foot short of 700 feet - coming in first place as the tallest residential tower in town. Overall though, the tower will only be the third-tallest in the city, coming in behind commercial towers Prudential and the Hancock building.
Just to rehash, the Christian Science Plaza tower is a $700 million development by Carpenter & Co and is designed by renowned architect Henry Cobb. It's set to have its first 20 floors of first-class hotel accommodations, with 211 lavish rooms for guests to lazy around in. The rest of its 60 stories will be dedicated condos, all-in-all totaling to 180 units, all of which will be managed by Four Seasons. Talk about a high-end high-rise!
Next up is the hotly-anticipated 625-foot Millennium Tower in Downtown Crossing. With that planned height, the tower is most likely come in at 4th place overall compared to other Boston skyscrapers, and second tallest for purely residential buildings. Its 56 stories will have a combined retail, commercial, and residential space, with 450 luxury condo units in total. It comes in the heels of the successful sale of Millennium Place, also in the same district.
Not to be outdone, the northern most tip of the city also has a jewel being built. The TD Garden's upcoming renovation and rise-up construction will prove to be another high-point (literally) in the city's chest of towers. With an elevated forest full of spires, the 600-foot, 45-story residential building will have 500 units on top of the building's arena.
Last but not the least, the long-delayed Copley Place Tower looks to be finally on its way. The project got its final nod last fall, adding 52 stories to the current 4 floor Copley Place complex. It's slated to rise, in total, 625 feet above street level, and will include 433 apartments, and 109 cndos for sale. As it stands now, it will also have a retail ground floor component to complement the mall within it.
On the subject of all things Copley, it looks like the Back Bay Station is finally getting a complete makeover - and from the same people that'll bring the TD Garden up to date, too! Yes, that means that just like TD Garden's vertical expansion, it looks like Back Bay Station is getting one, too! Details of the development aren't exactly out yet, but sources say that it'll be composed of two towers, one of which is rumored to be a high-rise matching nearby Copley Place and complementing the Hancock tower. We'll definitely keep our eye and ears out for more info on that!
It's common knowledge that Boston is an expensive city to live in - rental rates haven't exactly been rosy for apartment hunters, nor has the inventory been kind to many who are looking. And with the peak real estate summer months rolling by, there's an upsurge yet again of individuals who are looking for housing in the already-congested [...]
If you read our article last Wednesday, you're probably in the know that Boston currently ranks at No. 10 in TIME Magazine's list of the Top Cities in the U.S. for real estate. Specifically, Boston bests other key metropolitan cities in terms of the number of days it takes for a property to be taken off-market. Currently, the average DOM [...]
We all know that the market is red hot right now. In fact, TIME Magazine recently named Boston as one of the Top 12 Cities in the Country where real estate is at an all-time high. More specifically Boston - at this moment, sells properties at an average of only 47 Days - close to half of the national average of 86 [...]
Sometimes, it's just really clear that you need to move. Whether it's because you're transplanting to a new city, or you've gotten a new job, or the unthinkable happens and you're unexpectedly laid off may prompt you to look for a more affordable apartment - relocation is often rooted in one cause or another. But there are also those [...]