Boston Condo Developers find that buyers are willing to overlook
If you can’t have location, then you need luxury or coolness, I think. The “It” factor.
Location isn’t always everything. Creative developers bring upmarket homes to surprising places, and they’re selling.
The market is strong for properties that abut structures once considered deal breakers. With demand high and space at a premium, paying luxury prices doesn’t guarantee a tony location, free from the urban fixtures like airports and highways that buyers typically shun. But those who value the vitality of city life are transforming the market’s definition of what constitutes a desirable location.
Meredith Baumann, a spokeswoman for the Boston Redevelopment Authority, said developers who have recognized that demand are finding ways to make overlooked locations winners.
“It’s a function of the market,” said Baumann. “As people are understanding the need for more housing in they city they become more creative.”
Source: Granite countertops, stainless steel appliances, and a view of the Pike – By Andrew Rapp, The Boston Globe
