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Boston's Waterfront District Sizzles This Summer

1We 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 city-centric, the Waterfront is not exactly the most affordable area. Until now.

We've compiled in this article four apartments in the neighborhood that are quite inexpensive and affordable for those seeking shelter within the city's shores. You'll find that though they might be a tad above the average rent, they're pretty reasonable and even comparable to living in, say, Back Bay or Fenway.

2But before we get down to the deets, let's first take a look at what exactly is happening right now in the Waterfront. And if you've ever thought that what the Waterfront right now is will be what it will look like in the foreseeable future, then you're gravely wrong. We'll tell you upfront - there's plenty of projects that are in the pipeline. For emphasis, let's dive into one that's pretty controversial and, of course, exciting: The Boston Harbor Garage Project.

At first, you might think it's nothing more than hype. But recently released perspectives of the proposed project have generated much interest in the development. Currently dubbed "Harbor Square", the $1 billion project by real estate mogul Don Chiofaro, who is known for his seaside projects as well as fantastic Fenway developments, is proposed to sit on what is currently the eyesore that is the Harbor Garage.

3Located right across the Aquarium and adjacent to the Greenway and the Financial District on a 57,346 square-foot parcel, the development is considered one of the city's upcoming jewels with its ideal and transit-oriented location, sitting between North and South Stations . If approved, the development is proposed to have 1,300,000 square-feet of mixed-use space and create an additional 27,370 square-feet of open space fronting the harbor.

As per their press release, The Harbor Square Project would include 700,000 sq. ft of office space, 120 residential condos, three floors of retail and dining options and a 250 to 300 room hotel. All 1,400 parking spaces would be built below ground.

So where is the almost-28,000 square feet of open space mentioned earlier? Well, the proposal is set to have two towers at the site that will be separated by an open greenway, which would be available to the public at all times - something that other sea-side developments rarely offer. And in order to make this open space between the towers a year-round destination, the developer is proposing an innovation solution: a retractable roof. And what about the privacy of tenants / owners? Well, there's also going to be a separate and elevated patio that's fronting the sea as well.

With this in mind, we ask again: who wouldn't want to live in the area? Watch out and stay tuned as we uncover more details about this project in the coming months. For now, let's dive right into where you can live in The Waterfront right this minute:

Interested? Call us now and schedule a showing this weekend! (617) 505-1781 or email us at info@bostonire.com

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  1. Gnana on

    that's a nice synopsis (not to metonin a nice website overall)As far housing in macro the Case Schiller Index (CSI) for Seattle continues to fall as it does for other cities that sort of side stepped the blow up of the last couple of years, almost the revision to the means effect. Some argue that the CSI never applies to their area but it's as close as we have to a national home tracking index and I've found it to be fairly darn accurate whe push comes to shove. For those of us in the residential real estate market I feel we simply need to be adjuested for the concept that there's a very good chance U.S. home prices could be stagnant (if not decrease) over the next 10 to even 20 years. On my end of the equation (as far as the MBS markets) it simply means paying alot of attention to the credit quality of what I'm buying because I won't be able to depend on appreciation to bail out a bad investment. U.S. housing is still by far the largest securtized market on earth but it's no longer a place for weak players whether they be home buyers, builders, realators or lenders.Enjoy your the blog even if it's a little buy side from time to time, heck it's your blog anyway!Tony
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