Mixing Residential and Commercial NeighborhoodsNovember 12, 2016
The definition of a residential neighborhood is changing as newer developments are mushrooming throughout the Boston luxury real estate landscape. In the past, residential areas were defined by quaint streets, lined with strictly residential townhouses, condominiums and or a few mid-rise Boston luxury homes scattered in between.
However the landscape is changing rapidly as new residential towers are being built in mixed-use commercial districts. Take a look at Downtown Crossing and the Financial District as prime examples, not to mention the Seaport and the Waterfront. Many younger buyers as well as empty nesters see an overwhelming appeal in purchasing Boston luxury homes in mixed-use commercial/residential districts. There’s vibrancy, life, commotion and excitement that is part of living on a street with restaurants, commerce and offices. Boston luxury real estate home owners feel less isolated.
Granted these Boston luxury real estate neighborhoods may not be as quiet and ”neighborhoody” as the historic areas like Beacon Hill, Back Bay, North End and South End. However, these mixed areas offer other possibilities and amenities that likely align with today’s modern lifestyle. These buyers have different tastes and requirements.
Some areas may appeal to some, but not to others. Fortunately, developers had a vision to create residential units in areas that people would not have even conceived of living in and are now thriving. For example, look at the Fenway area or the Seaport, and they are the “happening places.” It used to be no-man’s land a few years ago, but today, these areas are full of life.
Based on your criteria and needs, make sure to consider a variety of options before you settle on one Boston neighborhood. There are so many options to narrow your search too early in the process.