New Residential and Commercial Developments in BostonDecember 3, 2016
The commercial and residential Boston luxury real estate markets change daily. With too many new office towers, some of the commercial developers are now dedicating a portion of the office space to residential housing.
Such is the case for the new tower being proposed in South Station. The three buildings will have a hotel component in addition to office space and Boston luxury homes (rental apartments or condominiums to be determined, depending on the demand at the onset of the project).
Another big development worth mentioning is the second largest residential building in Boston’s Seaport District being managed by Cottonwood Management Group. Cottonwood’s project is comprised of 750 condominium and apartments, shops and restaurants on a 3.5 acre site that used to be two parking lots. An incredible addition to Boston luxury real estate options.
The Fenway is another neighborhood where every day you drive by, a new tower is going up. This location is ideal for professionals in education and the medical field. The new luxury tower, the Pierce, is a good example. This building is across from Landmark and is offering all the luxury amenities plus great views of the city. The projected completion is in 2018, and the Boston luxury homes are pre-selling at a fast pace, given the location.
So, before you start your Boston luxury real estate search, it’s good to learn what’s happening in the city in terms of new developments, in order to formulate your needs and demands. Call me anytime to discuss your next move.