Twenty twelve has come and gone, and though it was a tough year, it was a good one for real estate, to say the least. With all the positive news in the property sector last year - ranging from news highlights about increases in property prices in Greater Boston neighborhoods as well as the record quick snap-up of condominium units emptying existing inventories, 2012 drew to an interesting close.
However, one thing that made 2012 stand out was how it will go down in Boston's history as "The Year of The Crane". Why, you ask? It's because in the past year, there has been a record 22 groundbreakings, representing private sector investments in the city amounting to $1.6 billion. To add to this distinction, the Boston Redevelopment Authority (BRA) also approved an additional 37 projects, many of which is scheduled to begin early this year, as the projects started last year will commence their soft turnovers at year's end.
And whether you're looking to move this year, invest, or just curious to see how all these projects are faring at the onset of twenty thirteen, here's a quick snapshot of the biggest developments of twenty twelve and how they stand now:
319 A ST. TOWER 40% COMPLETE Location: ?319 A St. Rear, ?Fort Point Details: $100 million, 20 stories, 202 "microunit" apartments, opening next fall Developer: ?Gerding Edlen
THE KENSINGTON 55% COMPLETE Location: 659-679 Washington St., Chinatown Details: $188 million, 28 stories, 381 rental units, occupancy late 2013 Developer: Kensington Investment Co.
120 KINGSTON 15% COMPLETE Location: 120 Kingston St., Chinatown Details: $127 million, 26 stories, 240 apartments, completion in mid-2014 Developers: Forest City Enterprises, Hudson Group North America
LIBERTY MUTUAL 80% COMPLETE Location: 157 Berkeley St., Back Bay Details: $300 million, 22 stories, 650,000 square feet of offices, occupancy in June Development manager: Colliers International
LONGWOOD CENTER 20% COMPLETE Location: Brookline and Longwood avenues, Fenway Details: $300 million, 11 stories, 413,000 square feet of offices and labs, completion late 2014 Developers: Alexandria Real Estate Equities, National Development, Charles River Realty Investors, Clarion Partners
MILLENNIUM PLACE 48% COMPLETE Location: 558-580 Washington St., Downtown Details: $220 million, 15 stories, 256 luxury units, occupancy in October Developer: Millennium Partners
ONE CHANNEL CENTER 25% COMPLETE Location: A St., Fort Point Details: $225 million, 11 story office building for State Street Corp., 970-space parking garage, public parks, finishing early 2014 Developer: Commonwealth Ventures
100 PIER 4 10% COMPLETE Location: 130-140 Northern Ave. (Lot 1), South Boston Details: $195 million, 21 stories, 369 apartments, completion in 2014 Developer: Hanover Co.
WATERSIDE PLACE 25% COMPLETE Location: Congress and D streets, South Boston Details: $120 million, 20 stories, 236 luxury apartments, leasing late 2013 Developer: Drew Co.