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Blog :: 02-2015

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.

CBS Boston: Lightweight Beams Can Contribute to House Fires

- Credit: Boston.CBSlocal

 

After reading a recent report from CBS Boston, we are a bit taken back by news of hazardous building materials that are prevalent in many homes built in the past ten years.

“People have no clue what this lightweight construction means to their safety if there is a fire,” Wisconsin firefighter, Jo Brinkely-Chaudoir said.

These building materials are made of composite wood material and are often used to support floors and roofs. Builders love them because they are strong and cheap, but they have one major flaw: they fail early when exposed to these fires.

So be sure to be cognizant of what building materials your building is made of–stay weary of lightweight engineered I-beams or trusses!

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Boston Apartments with Price Tags Equal to the Pats Super Bowl Bonuses

- Credit: Curbed Boston

 

Could the Boston housing market be out of even the Patriot’s bonus budget margins? The New England Patriots’ potential per-player payout of $165,000 for winning the super bowl will suffice just one years worth of rent for some of Boston proper’s swanky spreads. Divided by 12 months, rent can equate to $13,750 per month, which is assuming that Pat’s members have enough capital saved to cover security deposits. Pretty mind-boggling when you put it in to a context, huh?

To see a list of eight Boston apartments that fit this criteria, jump over to Boston.curbed.

Boutique Hotel Marked for Ink Block Neighborhood

-Credit: Boston Herald

If you didn’t think the Ink Block’s block could get any better, well, you thought wrong. The redevelopment of Boston’s South End is coming about nicely with Ink Block to kick start the process and the largest whole foods followed shortly after. Now plans to install a boutique hotel next door to Ink Block’s residential facilities are in the works. Managing partner Ted Tye said, “We’ve been trying to create an interesting and exciting urban community, and the hotel really supports the restaurants and retail activity that we’re creating.”

Tye makes it clear that his vision for guests of the hotel is to use restaurants within Ink Block, and to make that a big driving point for guests to stay down in this neighborhood.

The 200-room, ultra cool designed AC hotel by Marriott will be managed by an outside company. According to Curbed, Boston, AC Hotels started in Europe in 1998 before affiliating with Marriott in 2011. The chain has one U.S. hotel, in New Orleans, with others slated to open this year in Washington, D.C., Miami Beach and Kansas City.

And according to Andrea Foster, senior vice president and New England practice manager for PKF Consulting, “The South End is a good location for an AC Hotel within Boston, and we’re still seeing improvements in performance (in the Boston market), and now we’re seeing a lot of development happening because occupancy and rate increases are so good.”

Exciting news for this newly gentrified and hip location. Stay tuned for more to come!

Millennium Tower Redefines Downtown Crossing Landscape

- Credit: Curbed Boston

 

“We have long dreamed of what Downtown Crossing could become,” Mayor Menino said in a statement on Curbed, “and we will soon realize that potential with Millennium stepping up to the plate and making this deal happen.” The long awaited Tower, to which is predicted to “remake” one of America’s oldest established neighborhoods will come to fruition in summer 2016.

This neighborhood, dating back to the17th century, is full of historic wealth and beauty. But progressive is something it is not. Its quench for modern vibrancy is something the Tower is predicted to fulfill in Downton Crossing, adding the exact ingredients of residential, office and retail facilities this neighborhood needs. Preserving its character is important to city residents, and developers reassure that the gigantic Millennium will not only remake but also reserve its ancient charm.

We look forward to what this Tower will do for our city—the count down is on.

Suffolk Selling Beacon Hill Buildings

- Credit: BeaconHillOnline

 

Beacon Hill has been presented with a rare redevelopment opportunity by Suffolk University, whom currently is in the process of selling two classroom buildings to the tightly packed neighborhood. The vacant Archer and Donahue six story buildings, which comprise of nearly 175,000 square feet, are in need of tenants. Located at the corner of Derne and Temple Streets, both combines assessed value is about $45 million. The space is projected to attract proposals for hotel rooms, office spaces and residences.

In efforts to shift the center of its campus closer to downtown Boston, Suffolk plans to build an eight-story building at 20 Somerset Street that comprises more equipped classroom facilities in replacement of the recently sold buildings.

In case you or your affiliates are looking to buy, the Archer and Donahue buildings are being marketed by the real estate firm JLL.

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