Actually, that’s not exactly how Beacon Hill pundit Karen Cord Taylor phrases it, but it’s accurate enough. And she’s generally right. Why are there suddenly so many banks trying to open branches in small neighborhood shopping districts? With few options for aesthetically pleasing window displays (unless you consider “Low-fee checking” signs to be pleasing), too [...]
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Archive for the 'Boston Real Estate' category
Shirley Leung has a really interesting column about how the Pine Street Inn, known for caring for the homeless, has altered its mission to find more permanent homes for the chronically homeless. It’s not as farfetched as it sounds. A large percentage of the inn’s overnight beds are routinely taken up by a small number [...]
Following in the share-economy footsteps of Uber (the taxi-like service), Airbnb is now the latest big thing, as thousands of people now rent out bedrooms by the night at their condos and homes. Because the rooms can go as low as $50 a night, it’s a big hit with travelers to Boston and elsewhere. And [...]
Scott isn’t impressed with all the housing construction in Boston, largely because it’s almost exclusively luxury housing. Well, he’s absolutely right. We need less expensive housing too. But we’ll still take the luxury housing. Something is better than nothing.
Construction of New Balance’s $500 million Boston Landing project is well under way. But now it looks like they’re going to add a large 295,000-square-foot housing component to the project at 125 Guest Street, which is basically across the street from the main construction site and now a small light-industrial/trucking property that was purchased by [...]
Scott has identified a cool survey by Bloomberg and Zillow that looked at the most historically volatile and risky real estate markets in the US. And Boston comes in No. 4, ahead of even Las Vegas and other seemingly crazy housing markets, in terms of homeowners losing money if they held onto a house for [...]
It’s not just Mayor Walsh who is now expressing support for tearing down the Harbor Garage along Atlantic Ave. to make way for two new towers, an idea long opposed by Walsh’s predecessor, Mayor Menino. Other groups are expressing support too, though it’s guarded support that seems to be more for diplomacy’s sake than general [...]
Here’s a simple use of a small amount of space: A parking lot in the Broad and India street areas, along the Greenway, would be turned into 44 condos (not apartments) by Boston Residential Development. At a total project cost of $40 million, it’s safe to say the condos most definitely will fall into the [...]
When was the last time you saw a 1.32-acre site in downtown Boston purchased for $1.5 million? Answer: You haven’t. But it’s possible in East Boston, where the Neighborhood of Affordable Housing has plans to turn an old industrial building into more than 50 affordable apartment units. It’s more proof that we need to build [...]
Some major Boston developers — John Hynes, Thomas O’Brien and Richard Galvin — state the obvious: The high price of land in downtown Boston absolutely precludes building truly affordable housing there. So the affordable-housing solution, they agree, is to build elsewhere in the city, where property is cheaper and where city-owned land might be exploited [...]