Fenway News Online reports that the owners of Burbank Apartments have their way, the Fenway neighborhood may lose 173 affordable homes – nearly 10% of the subsidized housing in the Fenway – beginning on April 1, 2011.
The mortgage of Burbank Apartments was financed by the U.S. Department of Housing & Urban Development (HUD) 40 years ago [...]

In the posts below we just listed some key data for prime downtown Boston condo markets. Over all, we can say some key downtown condo markets held up with small to minimal price declines – and one area actually bucked all trends.
The obvious sweet spot is the $1 million-plus market in condos in Back Bay. [...]

Tonight is the Audubon Auction. Does anyone want to make a prediction on how it will do?

Just another reminder, if you allow us to represent you at the Audubon Park auction we’ll give you 50% of our commission.
The key point, we must be present with you on the first showing. More info call 617-720-5454.  After hours call:
Linda Mitrano – 617-512-4557
Vilma Dassoni – 508-951-2968
Michael Rowe – 617-257-3950.

Boston Fenway condo median sales prices for Jan – Aug. for the years 2007 through 2010. Click on Fenway condo chart to enlarge. So far, sales prices are just off a little over three percent.

An excerpt from the Banker & tradesman article headlined Developers Seek To Replace Fenway Motel With Hotel, Retail Space:
Boston developers Weiner Ventures have told city officials they want to replace the aging Howard Johnson motel in the shadow of Fenway Park with 350,000 square feet of hotel, residential and retail space, the Boston Redevelopment Authority [...]

The owner of the Howard Johnson’s Hotel, near Fenway Park, wants to tear it down for a new Hilton Hotel, apartments and condos.
There are some heavy-hitter developers behind the project, and residents and the city seem to favor it. So the only thing holding it back right now is financing and the economy.
Boylston Street in [...]

Fenway condo sales, comparing this year to last.
Fenway condo sales from 1/1/09 – 6/10/09
Number of Fenway condos sold – 52
Avg. Fenway condo sales price – $413,855.00
Median Fenway condo sales price $303,000.00
Avg. number of days on the maket – 61
Fenway condo sales from 1/1/08 – 6/10/08
Number of Fenway condos sold – 83
Avg. Fenway condo sales price [...]