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Blog :: 10-2014

Welcome to our blog! As Boston's leader in apartment rentals, we have our finger on the pulse of the local real estate market. Here, you'll find insight and announcements from our team to keep you up to date on everything you need to know about real estate in the Boston area.

Zakim Bridge Skatepark Breaks Ground

East Boston has two new developments brewing as of late. One being the long awaited skate park at 135 Bremen Street that developers are breaking ground for today! It will be located in a cool spot under the ramps of the Zakim Bridge. The other development is a multi-use building that plans to include 94 residential units, commercial space, 126 associate parking spaces (for both cars and bikes), and a ton of space for lush landscaping. What a nice addition to the East side of town – looking forward to more to come that way!

From Curbed:

“It’s been 10 years in the making, but on Thursday morning, officials will finally break ground on the long-awaited skatepark that will be built beneath the ramps of the Zakim Bridge.”

Will 40 Trinity Place ever Rise in Back Bay?

There are no guarantees in the world of real estate, and Back Bay’s 40 Trinity is a true testament to that.

After being approved by the Boston Redevelopment Authority, it was then questioned about its size and scope of the building. After much inquisition, it was sent to Boston’s Zoning Board of Appeals to get the final necessary consent of approval. And there it still remains, in the hands of the zoning board. After a little over a year, a decision is yet to be made.

If 40 Trinity comes to fruition, it will have 220 four-star hotel rooms, 142 condos, ground-floor retail and 100 parking spaces. We sure are crossing our fingers about this one! Stay tuned.

One Seaport Square: Ground Breaking in Nov ’14

A new apartment building is coming to the Seaport and this one’s gonna be huge.  One Seaport Square is going to bring two towers, each one including over 800 luxury apartments. The groundbreaking for this monster of a development will be on November 14.

According to Curbed, Boston, “plans call for two towers of 22 stories each with 832 luxury apartments and 260,000 square feet of retail on connected lower levels (including a 41,375-square-foot movie theater on the third floor). Together One Seaport Square’s towers will encompass 1.1 million square feet, roughly 17 percent of the larger Seaport Square’s total.”

You can find additional details on the impending towers at One Seaport Sq. on Curbed.Boston

Ten Farnsworth in Fort Point: Marketing History

The overall marketing techniques for Boston’s new developments are changing and the Farnsworth in Fort Point is a perfect example how. Farnsworth is replacing digital advertising with a more tangible form of advertising: via book.

The manuscript will include photography and maps from the Trustees of the Boston Public Library, vintage ads, and old photographs. The purpose of creating this book is to allow potential clients an authentic look into the developer’s vision of the property. So sit back and enjoy getting into this development’s back story; for who knows, this read may ignite some passion in your already somewhat interest.

Millennium Tower: Vying for ‘Tallest Residential Building in Downtown Boston'

The transformation begins! The city of Boston is excited to welcome a new high rise, the second highest residential building in the city: Millennium Tower. This incredible building is designed by Handel Architects of NYC who designed The World Trade Center Memorial in Manhattan, so we know the results are going to be fabulous.

Millennium Tower is replacing the old Filene’s site, and, oh my, does it sit on an ideal location. It resides one block from the Boston Common, just beyond the Ritz Carlton and across the street from the Sports Club/LA; everything, just at your fingertips!

“The under-construction Millennium Tower in Downtown Crossing has long been described as headed toward 625 feet. An update to the tower’s website, however, now describes it thus: ‘Millennium Tower Boston, at 685 feet, will be the tallest residential building in downtown Boston.’ Not for long. Still, the change in height is significant for the city, which is not generally keen on tall,” aCurbed article notes.

Stay tuned for preleasing opportunities!

Luxury Living on Boston's Waterfront: 50 Battery Street Reigns Supreme

Curbed Boston recently compared two waterfront properties in Boston: 50 Battery Street went up against a townhouse-style 3-BR at 343 Commercial Street. The verdict: the 3 bedroom penthouse located at 50 Battery Street reigned supreme. If two water-fronting decks and a 2,391-square-foot pad, all within a full-serviced amenity building, don’t sound cushy enough, it also includes a water-shuttle service to Logan Airport… does that sound better?

A color image spread of 50 Battery Street is available on Curbed.

Barry's Corner Redevelopment Nears Phase I Completion

This upcoming Thursday, the final touches will be made to a new development, which resides at 201 North Harvard between North Allston and Harvard University’s southern campus. What brands Continuum as “prime location real estate” is it’s close proximity to public transportation, the Mass Pike, and it’s surrounding lush green layout, made up from the Smithfield Park and Charles River.

The development at Barry’s Corner will be made up of 300,000 sq. ft. of residential space, making for 325 residential units, and 35,000 sq. ft. of retail space. Living in this community anchor will always ensure interesting buzz, plush amenities, and a convenient commute for tenants.

Curbed Boston, quoting a release from Samuels & Associates, explains the vision for the redevelopment: “‘[It] will advance the community’s vision of a vibrant neighborhood gathering place in the heart of Allston’s rock city, with more walkable streets, services and amenities for everyone to enjoy.’ All part of a grand plan to make Barry’s Corner the new Davis Square.”

Preleasing will be made available upon January, 2015.

Avalon North Station Planned for 121 Nashua Street

The TD Garden is soon to attain new company as a 38-floor tower is to be built on Nashua Street, stationed directly behind the arena building. This new development will include 503 studios, 1-, 2-, and 3-BR apartments, and depending on market conditions, it might even include condos! One of our favorite features of this building is its ability to house 503 bikes — the developer has really thought of it al!

The ground-breaking ceremony is to take place on October 27; the count down is on!

Boston Housing Expansion: 53,000 Units Proposed

Great news for Boston residents and business employers: Our Mayor recently disclosed plans of developing 53,000 more housing units in West Broadway. This development will lend a surplus of housing availability to current and future city residents, accommodating the forecasted 15-percent increase in the city’s population. With the rapid urbanization trend coming afloat, more housing availability will lead commuting to be of the past for the future Boston employed, raising grins amongst their business employers.  Construction is expected to begin this summer and completion, a.k.a. units, will be available for grabs upon year 2030… something to keep in mind as you’re sketching your place of residency plans within the next decade!

According to Curbed Boston, “one of the big end goals of Walsh’s plan is 20,000 units of middle-income housing via incentivizing developers with looser zoning regulations and tax credits. Right now and for the foreseeable future, however, it’s much more profitable for developers to build higher-end apartments and condos, the sorts that rent and sell for near-Manhattan-esque tags. The market’s reward seems to far outweigh anything City Hall could offer. To truly make the building of less expensive housing worthwhile for developers, Walsh would have to ensure the city curbs the costs of construction significantly.”

You can read the full article, here.

88 CambridgePark Drive Gets Green Light

There’s a new development coming to Cambridge! The CambridgePark residential development will be comprised of over 250 units and will include retail space. It will be located at 88 CambridgePark Drive, in walking distance to the Fresh Pond shopping mall. This area is a great alternative for people looking to live outside the city!

Cambridge Day reports the “254-unit residential development…originally known as 180R CambridgePark Drive, 88 CambridgePark Drive will be on what is now a parking lot between the railroad tracks and the existing 30 CambridgePark Drive. The building is being developed by Richard McKinnon, a principal of The McKinnon Co., which has built other buildings on CambridgePark Drive as well as at NorthPoint…the development at 88 CambridgePark Drive has been one of three in Cambridge that have together formed a flashpoint for controversy. This project, along with 75 New St. (also at Fresh Pond) and the redevelopment of the former Edward J. Sullivan Courthouse at 40 Thorndike St. in East Cambridge were often cited in discussions surrounding councillor Dennis Carlone’s zoning petition to transfer design review special permit granting authority from the Planning Board to the council. That petition was defeated last month when the council declined to pass it to a second reading.”

More info is available on Cambridge Day