the
Boston Real Estate Blog

Sponsored by John Ford Realty
137 Charles Street, Boston
realtyford@yahoo.com
617-595-3712
617-720-5454
151 Tremont Street
617-482-0010

Newton office park could add 334 apartment units

This is interesting.

Cabot Cabot & Forbes wants to build 334 apartment units within an already existing office park in Newton.

It’s not an entirely original idea — though it’s definitely a very welcome idea.

Nordblom has already launched a major redevelopment at its old Northwest Park in Burlington. Once exclusively an office park, the developer plans to add retail, entertainment, restaurants and housing.

The idea is to create more of a mix-use community, as opposed to a vast work site, to attract younger people who simply don’t want to work in the old-style suburban office parks that their fathers and mothers labored in over the decades.

Market demand is changing. So suburban developers are changing the supply mix to meet that new demand.