The latest from Lili about Boston Real Estate.

Much Needed Transformation of Two Boston Neighborhoods

March 10, 2012 |

Two notable development proposals are about to dramatically change the dynamic of two Boston neighborhoods that have been an eye sore for years. The South End and Downtown Crossing will be getting a face lift soon.

 Let’s start with the South End. National Development proposed a transformative development plan for the former Boston Herald Headquarters, located in an area known as the “Ink Block.” The new proposal consists of shops, restaurants and 475-unit apartment complex on six acres. Their original proposal was on a much smaller scale with rather unimpressive architecture. However, the new proposal is not only more attractive and impressive, but it is one of the largest mix-use projects in the city with buildings that are 5-9 stories tall. Without a doubt, the development adds value to the neighborhood, expansion of the South End, and offers more Boston luxury homes.

[caption id="attachment_553" align="aligncenter" width="300" caption="Development Proposed for the South End;         source:"]Boston homes[/caption]

The other exciting project is the much anticipated development of the former Filene’s site in Downtown Crossing. It has been a major eyesore for years with different developers marching in and out trying to develop the site. At last, The Millennium Partners has committed $500M to mixed-use projects in the Boston neighborhood. Given Millennium’s reputation and track record, it will no doubt be a success story. 


[caption id="attachment_555" align="aligncenter" width="280" caption="Former Filene's Site in Downtown Crossing   source:"]Commercial development in Boston[/caption]


It is also in Millennium’s best interest to clean up the Filene’s site and revive it with Boston luxury homes, retail space and restaurants. Millennium’s two Ritz Carlton Towers are only a block away and their new Hayward Place project on Washington Street has just broken ground. By taking control of the Filene’s site, they ensure the value of Hayward Place and stabilize the prices at the Ritz Towers Condominiums. With many high-end Boston luxury homes in Midtown, this development will finally make the area more attractive and livable.


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