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Blog :: 07-2016

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.

Building Amenities Shift to Cater to Current Renters

Luxury amenities have significantly changed over the years in order to reflect the needs and desires of renters and homeowners. 

Now more than ever, developments new and old are looking to cater to the desires of the majority of the market, in most cases many of these new amenities are catering to the millennial age group, according to Multi-Family Executive

Due to the social nature of this age group, many of the most desirable amenities now include, being located in a walkable neighborhood, proximity to restaurants, retail and nightlife and resort amenities that encourage interaction, engagement and creating a sense of community. 

Renters are increasingly focused on how their home contributes to their life and lifestyle, rather than just seeing it as a home within a building. 

This is why renters can now expect to see more resort-style amenities, such as bars, cafes, sports lounges, catering kitchens and other meeting places that encourage interaction among residents. 

While common are spaces are growing in square feet, this often means that apartment sizes are decreasing and renters are investing more in the space outside of their home. 

However, millennials aren't the only demographic that apartment developments are aimed at and many of these amenities are aimed at young families and older demographics who are just as interested in the same market. 

The baby boomer generation are just as interested in high-end amenities and a sense of community as the younger generations. 

Utilizing square footage in a way that nurtures a growing community space within the city has become the priority, with spaces designed to encourage this and get people out of their own environment and into shared space, especially in developments that are a majority studios and one bedrooms. 

Read the full report on the renters of tomorrow on MultiFamily Executive

Looking for your next home? Contact us for the latest listings and advice as you begin your home search. 

Redevelopment of St. Gabriel's Monastery Plans Revealed

Brighton Monastery project rendering

Details have been filed with the Boston Redevelopment Authority to develop the 11.8-acre site of St. Gabriel's Monastery in Brighton, which is no longer in operation. 

A huge new development proposed by Cabot, Cabot & Forbes and Peak Campus would bring around 679 housing units, most likely apartments, to the space, according to Curbed

The units would be laid out across three buildings and the renovated monastery building would be included, as well as the already existing Pierce House. The development would include the five buildings and 395 parking spots. 

The Brighton complex would be connected by paths and roads with plenty of surrounding green space. 

According to developers, the design and marketing will all be targeted towards specific demographics, including graduate students, young professionals and other university related staff and residents. Although they will not be limiting the space to these specific groups, that is the intended audience. 

This development comes along with many other student-focused projects around Boston, hoping to attract this group away from the regular hosing market that is growing increasingly competitive. 

If everything gets approved the developers hope to begin construction by mid 2017, and complete the large project within two years. 

Contact us for more information about new developments around Boston and help finding your new home. 

Developments Around Transport Hubs Planned for Forest Hills

Forest Hills

A new apartment development has been proposed for the Forest Hills area across from the Forest Hills MBTA Station.

The proposal for the Residences at Forest Hills include 260 rental units across three mixed-use residential and retail buildings over a single-level garage. The new development would take over what is currently a parking lot. 

Developers have worked alongside area residents, especially those living on nearby streets, in order to establish a desire and local approval for this project proposal. 

There is currently a building boom in Forest Hills as housing is increasingly popping up around transportation hubs. This area of Jamaica Plain is becoming a hot spot in the city and is expected to see even more new development in coming years. 

Units at the Residences at Forest Hills would range from studios to three bedroom apartments and three bedroom townhouses. There would also be space for bicycle storage and charging stations for electric cars. 

There will be 5,500 square feet of retail and restaurant space along Washington Street as a part of the new development. 

Due to the large size of this development it is likely to experience a higher level of scrutiny regarding how it will impact the surrounding are and neighborhood, taking into account what local residents think. 

Contact us for updates on all new developments around Boston and tips for finding your new home. 

Boston Rent Prices by Neighborhood This Summer

Boston has been ranked as the fifth in the nation for most expensive one bedroom rents so far this year.

This may be a decrease from its usual position in third, but rents still vary depending on what neighborhood you're looking to rent in. 

The median rent for a one bedroom is now $2,230, which is a decrease from the beginning of the year, according to Curbed

Broken down by neighborhood, the most expensive place to rent a one bedroom this summer is Downtown Boston, with a median rent price of $3,150. The cheapest is Allston with a median rent price of $1,750. 

In Cambridge, East Cambridge is the most expensive with a median rent price of $2,900. 

The map below shows the median rent price in every Boston neighborhood. 

View the latest listings throughout Boston by neighborhood, or contact us to find your new home today. 

Zumper rent prices

Telford 180 Breaks Ground in Allston

Telford 180

Construction has begun on Telford 180, an 85-unit condo building located along the Charles River in Allston, according to Bldup.

The building will be six stories and along with the ideal location will offer beautiful river views surrounded by plenty of green space. 

There is plenty going on in the Allston neighborhood and this new development is just a small part of a neighborhood going through significant change. 

The Davis Companies are the developers behind the project and they hope to bring new energy and convenient housing to the area at a price accessible to young professionals. 

One of the major benefits of the location is the connection with the bicycle infrastructure in the area, including direct bicycle path connections throughout Boston and Cambridge, giving residents the easy option to commute by bike. 

The building will offer bike spaces along with car parking spaces and a list of other amenities. These include: a rowing room, a full gym, an indoor club room and an outdoor courtyard complete with grills and a fire pit. 

The units will range from studios to three bedrooms and feature open floor plans, oversized windows and high-end finishes. 

The building is expected to be completed by fall of 2017. 

Contact us to find out more information about all new developments and advice on finding your new home today. 

#OpenNewbury Confirmed For One Day This August

Newbury Street

It has been confirmed that Newbury Street in Back Bay will be closed to traffic and open to pedestrians for one day this summer. 

On Sunday August 7th people will be able to enjoy the seven blocks of Newbury Street without worrying about traffic from 10am to 6pm. 

Called the Open Newbury Street project, the city hopes to create a temporary pedestrian-only avenue for residents and visitors to enjoy one of Boston's most iconic streets. 

The concept for this idea came from various city departments looking for fun, new ideas to make Boston's public spaces more inviting for those exploring the city by foot. 

Opportunities like these are really beneficial to neighborhood businesses and many merchants in the area are very excited about the event. 

Events like these allow the public to experience important city spaces in a new way and local businesses will make use of this day with special events. 

While most of the public have expressed their excitement for the event, some businesses have their concerns about how it will potentially negatively effect business. 

Get involved in the conversation on Twitter using the hashtag #OpenNewbury

Looking for your new Back Bay home? We've got some close enough to walk to Newbury Street. Contact an advisor today for more info!

New Condo Development Coming to Southie

East Third Street

New condos are coming to South Boston with a new low-rise development planned for East Third Street. 

The 22-unit condo building will have be set across five stories in a tiered construction, according to plans filed with the Boston Redevelopment Authority by Cedarwood Development LLC

The condos would be a mix of one and two bedrooms, ranging from just over 1,000 square feet to 1,314 square feet. 

There would be a few building amenities included in the building such as a gym and a ground floor garage with space for 22 cars. 

East Third Street Southie

In order for the project to move forward the developers have a pending agreement to buy the full project site, which includes area that currently has a single family home, ground floor commercial space and a vacant lot. 

The small project would bring more development to Southie, but most likely won't be complete until early 2018. 

The project has been designed by Brookline's Sousa Design Architects. 

Contact us for more information about Boston new developments and for expert advice to help with your home search. 

Restaurant Openings in Boston Neighborhoods This Week

Summer is a popular time for restaurant openings and this week Boston is welcoming some great new additions. 

From classic Boston favorites that are reopening to some of the country's best loved chains finally coming to Boston, residents have a lot to choose from and look forward to. 

Dig Inn

1- Dig Inn, Back Bay - Open Wednesday, July 13

This is the first Boston location for this popular chain and the first location outside of NYC. With two more locations planned for Boston before the end of the year, diners can expect grains, salad bowls, regionally-sourced ingredients and the chain's first breakfast menu. Focused on fresh, healthy foods and a clean and contemporary interior, it is a long anticipated opening with delicious, seasonal menus.

Mamaleh's

2- Mamaleh's, Kendall Square - Open Tuesday, July 12

Mamaleh's is a modern Jewish delicatessen with a full service restaurant, bar and counter service. Starting off with breakfast until 11am and lunch until 4pm, there are plans to have a dinner service as well within a few weeks. Diners can expect pastrami on rye, lox, hand crafted bagels and other classic deli items. The whole deli and market emulates a classic NY deli and offers fresh meals and bakery options. 

Porto

3- Porto, Back Bay - Open Monday, July 11

Opened by the same team behind Trade, Porto is a hideaway in busy Back Bay, with a seafood-focused menu and Mediterranean flavors. Think oysters and a 'sea board' in place of a cheese board, with rotating delicious, fresh options. The menu will include small sharing plates as well as larger dishes. As well as being open for dinner and lunch there will be brunch served on the weekends. There will also be a great selection of delicious drinks to compliment the dishes. 

Acquitaine

4- Aquitaine, South End - Reopens Tuesday, July 12

This classic French bistro has been in the south end for 19 years and is reopening after a facelift. Known for an affordable wine list and its delicious French selection, the renovation has allowed the restaurant to update its gorgeous interior while remaining classically French. The cocktail bar has been expanded, a 14-seat patio is making its debut and the menu has been equally overhauled. The new dishes and design hope to transport you away from Boston to a classic bistro in France. 

Find your new home within walking distance of these and more great Boston restaurants, view available rentals by neighborhood!

Opening information credit: bostonmagazine.com 

The Eddy Brings Sustainable Living to East Boston

The Eddy Rendering

East Boston is quickly becoming a popular affordable option in the city, with new developments, great views and convenient access to the rest of the city. 

One of the newest developments coming to the neighborhood is called The Eddy, a 16-story rental tower with incredible harbor views. 

The waterfront property is ideal for exploring and the building will come complete with a restaurant, plenty of al fresco seating, a rooftop pool, a communal roof deck, a chef's kitchen and even a dog washing station. 

Other amenities include a fitness center, secure bike parking and options for car sharing. 

The building will make the most of its beautiful waterfront location with direct access to a new waterfront park and boat landing, as well as an expanded water taxi station.

Units will range from studios to one bedrooms, with prices starting at $1,825 and two bedrooms starting at $3,275. 

Located just a few blocks from Maverick Square T stop, the location is convenient for accessing the rest of Boston. 

The Eddy is focused on sustainable living and using recycled and energy-efficient materials, with each apartment designed with minimal energy use in mind.  

Contact us for more information about living in East Boston and other new developments. 

Affordable Rental Building Proposed for South Boston

One of Boston's most expensive neighborhoods could be getting a new development fully dedicated to affordable housing.

A proposal has been submitted to the Boston Redevelopment Authority by the South Boston Neighborhood Development Corporation to build more than a dozen new affordable housing units in South Boston206 West Broadway Render

The new developments would be located on what is currently two vacant parcels at 206 West Broadway. This area, close to the Broadway MBTA stop, is the most expensive place to rent in all of Boston. 

Plans for the development include 16 units that will be reserved for people with incomes below the area median income. The units will be a mix of one bedroom or studios. 

Renting in South Boston is in extremely high demand, which creates less options and higher rents. The proposal outlines how this project will make use of two vacant lots and provide much needed affordable housing, while staying consistent with the surrounding neighborhood and community. 

The plans include a ground floor coffee shop and hopes to create an informal gathering space for the residents and surrounding community. 

With Boston listed as one of the top 5 most expensive rental markets in the country, affordable developments like these are becoming increasingly important.  

The proposal is currently under review by the BRA and open for public comments. 

For more information about rent and rent prices in Boston contact us today! 

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