A group of Boston developers say people can expect even more mixed-use developments in the city, with billions of dollars of additional projects on the way. It’s a pretty amazing time in Boston, yes? Developments and cranes are everywhere — and officials are confident that even more are on the way. One minor (or not [...]
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Archive for the 'Boston Real Estate' category
The Boston Redevelopment Authority’s long-anticipated overhaul has begun with the layoffs of 14 people at the city agency. And this is just the start, we assume. The unit eliminated yesterday — a business and economic development division created only last year — was easily expendable. The BRA’s job is real estate re-development, not new economic [...]
This must be Gentrification Day at Boston Real Estate Blog. No sooner had we hit “publish” on the post below about Somerville’s gentrification moves, we noticed this front page story in the NYT about how a number of cities, including Boston, are trying to curb the effects of gentrification on long-time neighborhood residents. What really [...]
Inventory, inventory, inventory. Or lack thereof. That’s the ‘biggest impediment’ to to the local housing market, experts say. And, oh, truly crappy weather is an impediment too, though this weekend isn’t going to be bad, or so say the alleged weather experts. File under: No kidding.
There’s a little room here for John Henry, the new owner of the Boston Globe, to still downplay, clarify or backtrack from his comments. But Boston magazine’s quote from Henry sure sounds like he’s made up his mind about moving the newspaper out of its current location on Morrissey Boulevard to somewhere else. The Herald [...]
Harvard’s Ed Glaeser says Boston might learn something from NY Mayor Bill de Blasio’s call to raise property taxes on vacant lots in the Big Apple, as a way to get land owners off their butts and develop properties. We have no idea if this is at all applicable to Boston, for we’re admittedly not [...]
Scott has the housing stats that show Dorchester, which is really a series of neighborhoods within a neighborhood, may well be on its way to becoming the next South Boston in terms of professionals flooding into the area (or the next Jamaica Plain, if you prefer that comparison). There are indeed some incredible, way under-valued [...]
They’re squabbling about what to call Harvard’s massive new Allston development at what has been called “Barry’s Corner.” But some people want to call it “Allston Square.” Others want to stick with tradition. We’d stick with Barry’s Corner. Even Harvard calls it Barry’s Corner in its 10-year Allston master plan. In the photo above (circa [...]
There we were, all excited to see what brazen, crony, insider development deals the BRA might approve just days before Marty Walsh became mayor. But now the unusual BRA meeting set for next week has been called off. Bummer. From the ever-blunt Herald: An eleventh-hour BRA meeting that was squeezed in four days before Mayor-elect [...]
Some time in 2014, the Boston area real estate market should finally regain all the value lost following the housing market crash late last decade. The collective value peaked at $604 billion in 2005, then bottomed out at $502 billion in 2011, Scott reports, citing Zillow data via Bloomberg. If the current pace keeps up, [...]