Our mobile site is optimized for smaller screens.

TRY IT NO THANKS

Blog :: 09-2014

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.

Ink Block and Sepia in Boston's South End

Ink Block and Sepia in the South End are two of the most anticipated residential buildings in the city.  Sepia is the condominium aspect of the project and it is not a huge surprise that even a studio there carries a hefty price tag.  The smallest of the luxury condos is asking over half a million!

From Curbed.Boston:

“Real estate in the South End hasn’t been on the cheaper side for ’round about eons now, but things appear to be getting really out of hand of late…we have what could very well be the most expensive studio for sale in the entire City of Boston right now: a 512-square-foot number in the under-construction Sepia Boston, part of the Ink Block mega-project. The studio wants $540,000 on the nose. Is that too much to ask, even in a building that will be connected to a new Whole Foods?”

New Downtown Crossing Market Opens Early

Construction is still underway at Millennium Tower in Downtown Crossing and the neighboring Roche Bros. grocery store.  However the brand new gourmet grocer is opening their doors, so to speak, a little early.  To take advantage of the fall weather they will be opening produce stands along the sidewalk through the end of October.

According to a release posted in the BBJ, “‘the grocer says in a news release: “Beginning today, the grocer is setting up five fresh produce stands outside the historic Millennium Tower/Burnham Building where construction is currently underway on the company’s 25,000 square-foot flagship supermarket. The open-air offerings are scheduled to operate seven days a week, from 10 a.m. to 6 p.m. The produce stands will primarily feature fresh fruits, as well as some vegetables, flowers, and seasonal baked goods. The Roche Bros. team will keep the stands open through October.'”

The full article is available on the Boston Business Journal; Real Estate.

East Boston Waterfront Tower Gains Approval

Another residential building coming to Boston!  This one will be in East Boston, an area that has not had a lot of new construction lately.  The project is expected to bring over 200 new affordable housing units to the city.

According to the BBJ, “Gerdin Edlin will contribute about $7.8 million toward construction of affordable housing in the city under a linkage agreement tied to the New Street project. The company and BRA analysts agreed putting the affordable housing on the 4-acre tower site could make the project financially unviable. The tower will have about 16 units per floor, a representative of the developer said. The entire project could create about 259 housing units, according to a document filed with the BRA.”

The full article, including additional details on the projected tower, are available on the Boston Business Journal.

New Porter Square Lofts Coming

Porter Square in Cambridge is getting new apartments!  The area that is home to Lesley University will soon hold 27 new loft style units accompanied by parking spaces.  Could Porter Square become a new hot neighborhood?  Only time will tell.

Curbed Boston reports, the “27 loft-style apartments are going up at the site [of the old Gourmet Express at 1868 Mass. Ave. in Porter Square], along with a staggering 42 parking spaces (come on, it’s right by the Porter T stop!) and ground-floor retail big enough for three stores and an office. Fifteen of those parking spaces will be reserved for Lesley University use. Developer Peter Wasserman has dubbed the five-story development the Platine Residences.”

Additional details are available on Curbed’s Boston website.

Amenities Driving Watertown Luxury Building Sales

Amenities can make or break any luxury apartment building.  For the relatively new Watertown Mews, their bocce ball court is proving to be one of the hottest features that can be offered.  The complex also has an outdoor pool and will be adding more apartments in the near future.

From Curbed:

Bocce ball courts are the new It Amenity in Boston-area apartment complexes, with the game your uncles played on St. Joseph’s Day popping up throughout the region. This includes at the newish Watertown Mews at 1 Repton Place in Watertown. Its first 206 units opened in April, with units ranging from $1,935 for a studio to $3,550 for a 3-BR. Seventy-two percent of those units have been snatched up, perhaps in no small part to amenities such as the complex’s bocce ball court (pictured above) and the snazzy outdoor pool…..an additional 64 apartments in a second building at the Watertown Mews [will be added].

Amenities Driving Watertown Luxury Building Sales

Amenities can make or break any luxury apartment building.  For the relatively new Watertown Mews, their bocce ball court is proving to be one of the hottest features that can be offered.  The complex also has an outdoor pool and will be adding more apartments in the near future.

From Curbed:

Bocce ball courts are the new It Amenity in Boston-area apartment complexes, with the game your uncles played on St. Joseph’s Day popping up throughout the region. This includes at the newish Watertown Mews at 1 Repton Place in Watertown. Its first 206 units opened in April, with units ranging from $1,935 for a studio to $3,550 for a 3-BR. Seventy-two percent of those units have been snatched up, perhaps in no small part to amenities such as the complex’s bocce ball court (pictured above) and the snazzy outdoor pool…..an additional 64 apartments in a second building at the Watertown Mews [will be added].

Tower Proposed at Boston Harbor Garage gets Boost

Don Chiofaro’s proposal for the Harbor Garage has heard a lot of complaints.  However, recently the conservancy in charge of the Greenway has stated that they support the plan.  This is sure to help the proposal move forward towards approval from the Boston Redevelopment Authority!

From The Boston Globe:

“’The conservancy supports replacing the garage with a signature multi-use development which would open connections to the harbor and re-imagine a dynamic four-season public realm,’ the conservancy’s planning director, Linda Jonash, wrote to the Boston Redevelopment Authority. ‘This is an opportunity that should be embraced now.’ The towers Chiofaro wants to build — one 600 feet, the other 537 feet — would house offices, hotel rooms, and condominiums. The towers would be joined by a retail-lined atrium between the Greenway and Boston Harbor.”

Old South Meeting House in Boston will be Preserved

Millennium Partners, otherwise known as the developers of both Millennium Place and Millennium Tower, have vowed to contribute to the preservation of Boston’s Old South Meeting House.  The location where Millennium Tower will soon stand is only one block away from the landmark building.  Although the new 60 story condominium tower will undoubtedly alter the skyline of Downtown Crossing it is reassuring that some of the historical elements of the neighborhood will remain intact.

From the Boston Business Journal:

Millennium Partners’ “donation resulted from conversations between the development team and Old South staff who had expressed concerns about construction impacts on the 285-year-old brick building. The funding will bring 21st century improvements to the 1729 National Historic Landmark, including enhanced energy conservation, new interior lighting and a digital sound system to support the many programs and performances that take place in the hall year round, Old South said.”

Six Boston Residential Neighborhoods Amid Transformation

Curbed placed a spotlight on 6 up-and-coming neighborhoods in Boston. Included is the South End featuring the massive Ink Block development as well as Troy Boston.  Read up for more information on areas like North Cambridge and South Boston,here.

Included are the following:

1. The South End’s Northeast
2. North Cambridge Around Alewife
3. Southie’s D Street Corridor
4. Brighton at Everett Street and the Mass. Pike
5. The Area Around North Station
6. All of Somerville

Boston Apartments into Condos: The Hub's Fall Residential Trend?

The real estate market is left with many questions as we move into Fall.  The most pressing one is will the switch finally be made from apartments to condos?  With a boom in luxury apartment construction it is unclear whether this frenzy will continue or transition into a surplus of this type of housing.  Keep an eye out for updates!

“Condo sales prices throughout the region have been scaling up for many months now. Take downtown Boston…It’s entirely likely that as you read this that area’s average condo price is $1,000,000 or more. Limited supply + seemingly insatiable demand + maddening opposition to new development + historically low (for now) mortgage rates = sellers asking, and getting, more and more—a trend sure to continue this fall,” notes Curbed’s Boston real estate publication.

Thoughts & Market Insights from the Experts

How to Update Your Home For Fall - 09.29.2016

  Fall is upon us and there's no better way to prepare your home for the colder season than by incorporating some small touches and experimenting with new [...]
Read More

Exciting Condo Development Proposed for East Boston - 09.27.2016

Plans for a new East Boston development hoping to revitalize an underutilized section of Border Street have been proposed by City Realty [...]
Read More