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Neighborhood Spotlight: Rose F. Kennedy Greenway – Government Center

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About the Neighborhood: After the completion of Boston’s “Big Dig,” which removed elevated highways and created a tunnel system below the city, the community seized the opportunity to enhance the city by creating the Greenway, a linear series of parks and gardens that would re-connect some of Boston’s most diverse and vibrant neighborhoods. Stretching 1.5 miles, the Greenway encompasses gardens, plazas, and tree-lined promenades and is a key feature of the modern reinvention of Downtown Boston, the Harbor and the Waterfront. 

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Today: With Boston in the midst of a building boom never seen in its history, The Rose F. Kennedy Greenway/Government Center neighborhood is seeing a surge of proposals to redefine the district. With close proximity to the Financial District and the rapidly transforming Seaport, developers are proposing to turn what is now office, garage or retail space into residential mixed-use buildings. Take a look at a few projects that have been proposed or approved by the Boston Redevelopment Authority via The Boston Globe’s article “A new age for an old town:”

Government Center Garage Redevelopment
771 residential units, 204 new hotel rooms,
1.3 million square feet of office, 82,500 square feet
of retail, and 1,159 parking spaces.
Click here for more details.

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Harbor Garage Redevelopment
Two 600-foot towers with 1.3 million square
feet of residential and commercial space,
including up to 300 hotel rooms, 120 condos,
700,000 square feet of offices, three levels of
retail stores, a public arcade, and 1,400 parking
spaces. Click here for more details.

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Seaport Square & the Man Behind the Vision

One Seaport Square

Seaport Square courtesy of the Boston Herald

Seaport Square broke ground last week, marking the beginning of the the largest development on the Boston waterfront. The development will include approximately 6.3 million square feet of mixed-use projects across 23 acres of land in the Seaport. Construction will include 20 buildings on 5 streets, which will span over 20 city blocks, and will connect the Innovation District as a unified neighborhood.

Seaport Square will truly embody the “Live, Work, Play” motto giving residents and visitors a vibrant neighborhood 24/7.  The master plan currently includes condominiums, apartments, office space, a hotel, supermarket, restaurants, outdoor spaces, transportation, a performing arts center, art galleries, a cinema and other lifestyle amenities bringing energy and ease to Seaport living.

The man behind the vision for Seaport Square and other successful Seaport projects, John Hynes, is interviewed on Real Estate Talk Boston discussing  Seaport Square and the future of Boston’s most desirable district. John and his vision have shaped the landscape of the Seaport to become one of the hottest destinations in the city for both visitors and residents alike. Click below to learn more.

Click here to view Real Estate Talk Boston’s interview with John Hynes.

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A New Player in Town: China

Downtown Boston

The city of Boston has long been a destination for international buyers, but in the past few years, we have seen a surge of Chinese interest in the real estate market. According to the Hurun Report, a research-based publication, Boston is the 7th most attractive city internationally to Chinese real estate investors, and 5.5 % of those investors consider it the most desirable place in the world to invest.

Why are the Chinese so interested in Boston? To China, Boston looks like an underdeveloped market especially in comparison to cities like Beijing, with median housing prices two times as high as Metro-Boston’s. The formula of relatively low real estate prices plus factors like world-class education and growing biotech sector make Boston a “sure-thing.”

Click here to learn more.

Source: Boston Magazine

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Google Express Launches in Boston

Courtesy of The Boston Globe

Courtesy of The Boston Globe

As of last week, Google Express has launched their Boston same-day delivery service allowing customers to browse the offerings of local merchants online, and receive the items within several hours. After seeing success in San Francisco and Los Angeles, the service utilizes smart phone technology to connect consumers to local retailers. Once the order is placed, the local retailer receives the request and sends the items back to the customer in a Google-branded bag within several hours.

Residents in amenity buildings throughout the city can now order groceries while online at work, Google Express will deliver the items the same-day and their concierge can accept the order on their behalf. Seamless city living!

Click here to learn more.

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Neighborhood Spotlight: East Boston

East Boston Piers Park

Image of Piers Park, a 6.5-acre public park, which boasts spectacular water views, a 600-foot pedestrian promenade extending out into the inner harbor.

East Boston has experienced a surge of attention this past year, with the success of the 282 Marginal Street Lofts and now Portland-based Gerding Elden proposing a $130M multifamily complex on Eastie’s waterfront.

Gerding Elden was an early mover to develop apartments in the downtown Seaport district, most notably 319 on A,  and is now turning his sights to East Boston as his “pioneering project.” Elden plans to deliver Class-A housing with prices competitive at comparable urban properties. With proximity to the city and a vibrant community, Edlen sees East Boston as a new, emerging market for today’s multifamily tenant. 

Click to learn more.

 

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Are Developers “Going to the Dogs?”

going to the dogsRelated Companies’ MiMA high rise has Dog City on the third floor, offering specially designed indoor and outdoor play spaces, along with dog services ranging from veterinary care to grooming and massaging. (The Related Companies) *From http://urbanland.uli.org

Millennials are not the only generation with pet friendly households in urban environments. According to ProMatura, a Mississippi-based real estate research and advisory firm specializing in age-qualified housing, 43% of respondents indicated they thought a dog park was essential or desirable, up from 33% the previous year.

Developers across the country are taking note and in an effort to rise to the growing popularity of dog friendly households, they have incorporated creative dog friendly amenities in their urban projects. One building, Third North Apartments in downtown Minneapolis, recently opened and offered residents the usual modern amenities: underground parking, a swimming pool, an outdoor fire pit, a fitness center, and a private party room, and gourmet kitchens. But the building also features something a little more unusual to stand out in the marketplace: a dog-washing room.

“What has changed is the mind-set of developers,” says Marian Schaffer, founder of Southeast Discovery, a web portal for retirement and second-home real estate. “Prior to ’07, the buzz was who could build the biggest clubhouse and pool, who could wow the consumer the most. Today, it’s all about what’s most practical and what will be used the most.”

Click to learn more

 

 

 

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Cutting-edge Waterfront Condos in East Boston

marginal lofts

The East Boston waterfront is seeing construction for the first time in decades. With the sleek, cutting-edge 282 Marginal Street lofts nearing completion along the waterfront, home buyers can now purchase a luxury condo with all the bells and whistles for under $1 Million. Designed by Harvard trained architect and executed by a Revere developer and contractor, 282 Marginal Street is a small but unique development adjacent to the Boston Harbor ship yard and Marina in Jeffries Point.

Click learn more!

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Fenway Condo Prices Seeing a Spike in Q2

Boston city aerial

The Fenway neighborhood is hotter than ever, with buzz around new developments causing a spike in condo sales to record highs in Q2. According to LINK, the median price for a condo in Fenway is now $531,500, a far cry from last year’s median sale price of $374,000.  Which development is setting record sale prices? Symphony Court–the 48 unit development by Symphony Hall boasting condo sale prices starting at $450,000 up to $1.2 Million.

Click to learn more about Fenway’s hottest quarter!

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How Downtown Crossing’s “Physical Space” is Changing Dramatically

Since 2008 BID has hosted a self-guided tour of prime residential properties. This year drew a diverse crowd which included 22 to 65 year olds. But the real story- what’s really newsworthy- downtown changes are taking place inside residential units, at street level and below ground. read more http://bostinno.streetwise.co/2014/05/13/boston-downtown-crossing-apartments-condos-and-mbta-station/

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Pier 4, Boston’s most iconic waterfront address, will be a vibrant new community in Boston’s Seaport District

The Hanover Company and UDR, Inc. have begun construction of 100 Pier 4, one of the first and largest apartment developments to take shape in the emerging South Boston waterfront neighborhood. Pier 4 will be a vibrant new community in Boston’s Seaport District that will include approximately one million square feet of office, residential, retail and public uses. It also includes the opportunity for a 13-story, first-class office building consisting of approximately 350,000 square feet with dynamic views and amenities, plus ample parking.

read more

http://www.nedevelopment.com/portfolio/boston/

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