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BRA approves East Boston multi-use project

Boston condos

Boston condos

Link: BRA approves $110M East Boston condo, waterfront revitalization project

“Developers overcame their last major hurdle to building a $110 million condominium and rental apartment project on the East Boston waterfront Thursday.

The Boston Redevelopment Authority board unanimously approved the project, which includes several public improvements to the waterfront. The developer is leasing the land from the Massachusetts Port Authority.”

 

Update: New Back Bay Condos and Apartments to rent:

Photo of 1109 Boylston Street, Unit 12, Parking, Boston, MA 02215 (MLS # 71745511)

0 beds  0 baths
Listed with Meridian Realty Group
MLS 71745511

 

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Boston Condo Developers find that buyers are willing to overlook

Boston condos

Boston condos

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

New Boston condo listings as of September 23, 1014:

New Boston Real Estate Listings – Updated September 23, 2014

MLS # Status Address Area Description List Price
71747060 NEW 492 Beacon Boston 5 room, 2 bed, 2 bath 2/3 Family $1,899,000
71739234 NEW 35 Pinckney St Boston 5 room, 2 bed, 2 bath 2/3 Family $1,695,000
71746086 NEW 580 Washington Boston 6 room, 3 bed, 2 bath 2/3 Family $1,625,000
71746361 NEW 85 East India Row Boston 5 room, 2 bed, 2 bath 2/3 Family $1,551,000
71746731 NEW 160 Commonwealth Boston 6 room, 2 bed, 2 bath 2/3 Family $1,500,000
71746219 NEW 2 Avery Street Boston 4 room, 2 bed, 2 bath 2/3 Family $1,495,000
71746131 NEW 197 W Newton St Boston 5 room, 3 bed, 2 bath 2/3 Family $1,400,000
71746448 NEW 40 Fay Street Boston 5 room, 2 bed, 1 bath 2/3 Family $1,395,000
71745808 NEW 100 Belvidere Street Boston 3 room, 1 bed, 1 bath 2/3 Family $1,349,000
71746169 NEW 2 Avery Street Boston 3 room, 1 bed, 1 bath 2/3 Family $995,000
71746101 NEW 197 W Newton St Boston 4 room, 2 bed, 1 bath 2/3 Family $850,000
71697733 NEW 56 Mystic Street Boston 8 room, 4 bed, 2 bath 2/3 Family $799,000
71747051 NEW 37 Charter Street Boston 4 room, 2 bed, 2 bath 2/3 Family $680,000
71746893 NEW 42 Eighth Street Boston 4 room, 2 bed, 2 bath 2/3 Family $609,000
71746105 NEW 197 W Newton St Boston 3 room, 2 bed, 1 bath 2/3 Family $550,000
71746432 NEW 1313 Washington Street Boston 0 room, 0 bed, 0 bath 2/3 Family $125,000

 

Boston Luxury Condos $1,350,000 – $1,400,000

Boston Luxury Condos $1,350,000

- $1,400,000

  1. Photo of 40 Fay Street, Unit H-706, Boston, MA 02118 (MLS # 71746448)

    19
    2 beds  1 full, 1 part baths
    1,404 sqft   lot 9,412 sqft
    Listed with Sprogis & Neale Real Estate
    MLS 71746448
  2. Photo of 2 Avery Street, Unit 35A, Boston, MA 02111 (MLS # 71744849)

    11
    1 bed  1 full, 1 part baths
    803 sqft
    Listed with Coldwell Banker Residential Brokerage – Boston – Newbury St.
    MLS 71744849
  3. Photo of 219 Shawmut Avenue, Unit 3, Boston, MA 02118 (MLS # 71741572)

    8
    3 beds  2 full baths
    1,625 sqft   lot 1,625 sqft
    Listed with Coldwell Banker Residential Brokerage – Boston – Newbury St.
    MLS 71741572
  4. Photo of 170 Tremont Street, Unit 1701, Boston, MA 02111 (MLS # 71739857)

    12
    2 beds  2 full baths
    1,430 sqft
    Listed with First Boston Realty International, LLC
    MLS 71739857
  5. Photo of 2400 Beacon Street, Unit 408, Boston, MA 02467 (MLS # 71736843)

    22
    2 beds  2 full, 1 part baths
    1,502 sqft   lot 7.50 ac
    Listed with Peabody Properties, Inc.
    MLS 71736843
  6. Photo of 220 W Springfield St, Unit 4, Boston, MA 02118 (MLS # 71720857)

    16
    2 beds  1 full, 1 part baths
    1,492 sqft   lot 1,492 sqft
    Listed with Red Tree Real Estate
    MLS 71720857
  7. Photo of 170 Tremont Street, Unit 1802, Boston, MA 02111 (MLS # 71678246)

    7
    1 bed  2 full baths
    1,135 sqft
    Listed with First Boston Realty International, LLC
    MLS 71678246
  8. Photo of 72 Pinckney St, Unit 1, Boston, MA 02114 (MLS # 71672917)

    8
    2 beds  2 full, 1 part baths
    1,545 sqft   lot 1,545 sqft
    Listed with Brewster & Berkowitz R. E.
    MLS 71672917
  9. Photo of 80 Broad St, Unit 401, Boston, MA 02110 (MLS # 71513637)

    13
    3 beds  2 full, 1 part baths
    1,910 sqft
    Listed with Coldwell Banker Residential Brokerage – Boston – Charlestown
    MLS 71513637
Previous Page 1 of 1 Next
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Not Without Dispute, Columbus Center project is proposed

Boston condos

Boston condos

Columbus Center is an $800 million project proposed for above the Massachusetts Turnpike between Boston’s South End and Back Bay neighborhoods.

The New York Times covers the controversy, in an article in today’s paper.

Not Without Dispute, Boston Tries to Mend a Tear

BOSTON — The Massachusetts Turnpike extends two and a half miles into this city, creating ugly, windswept canyons that force pedestrians to cross bridges with chain-link barriers as they travel between well-preserved historic neighborhoods.

For years, state and local officials have wanted to repair what Mark Maloney, the director of the Boston Redevelopment Authority, describes as ”a tear in the urban fabric,” but the economy was not strong enough to allow for costly air-rights development over the highway, a segment of Interstate 90.

In April, however, Winn Development, a local company, plans to begin relocating utility lines in preparation for building Columbus Center, a $500 million complex that represents the city’s first turnpike air-rights development in more than two decades.

New Boston Real Estate Listings: Updated 9/5/14

New Boston Real Estate Listings – Updated September 05, 2014

MLS # Status Address Area Description List Price
71737595 NEW 410 Beacon St Boston 13 room, 5 bed, 5 bath 2/3 Family $8,990,000
71737084 NEW 580 washington Boston 6 room, 3 bed, 3 bath 2/3 Family $4,400,000
71736440 NEW 50 Beacon St Boston 8 room, 3 bed, 3 bath 2/3 Family $3,850,000
71737002 NEW 1 Huntington Avenue Boston 5 room, 2 bed, 2 bath 2/3 Family $2,750,000
71737983 NEW 10 Rowes Wharf Boston 4 room, 2 bed, 2 bath 2/3 Family $2,700,000
71737773 NEW 215 Commonwealth Boston 5 room, 2 bed, 2 bath 2/3 Family $2,550,000
71738117 NEW 1 Avery Street Boston 6 room, 3 bed, 3 bath 2/3 Family $1,995,000
71736485 NEW 2 Avery Street Boston 5 room, 2 bed, 2 bath 2/3 Family $1,895,000
71737973 NEW 350 North St Boston 6 room, 3 bed, 3 bath 2/3 Family $1,659,000
71738003 NEW 350 Columbus Ave Boston 6 room, 2 bed, 1 bath 2/3 Family $1,350,000
71738001 NEW 4 Concord Sq Boston 5 room, 2 bed, 2 bath 2/3 Family $1,295,000
71737739 NEW 44 Chestnut St Boston 6 room, 3 bed, 2 bath 2/3 Family $1,185,000
71737827 NEW 20 Concord Street Boston 8 room, 3 bed, 3 bath 2/3 Family $1,099,000
71737843 NEW 20R Concord Street Boston 8 room, 3 bed, 3 bath 2/3 Family $1,099,000
71737577 NEW 40 Chestnut Street Boston 5 room, 2 bed, 2 bath 2/3 Family $999,000
71736285 NEW 69 N Margin St Boston 7 room, 2 bed, 2 bath 2/3 Family $998,000
71736992 NEW 61 Prince Street Boston 6 room, 3 bed, 2 bath 2/3 Family $949,000
71738294 NEW 9 Short Street Boston 7 room, 3 bed, 2 bath 2/3 Family $899,900
71737996 NEW 1166 Washington St Boston 3 room, 2 bed, 1 bath 2/3 Family $895,000
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Newest Boston real estate listings 9/4/14

New Boston Real Estate Listings – Updated September 04, 2014

MLS # Status Address Area Description List Price
71737595 NEW 410 Beacon St Boston 13 room, 5 bed, 5 bath 2/3 Family $8,990,000
71737084 NEW 580 washington Boston 6 room, 3 bed, 3 bath 2/3 Family $4,400,000
71736440 NEW 50 Beacon St Boston 8 room, 3 bed, 3 bath 2/3 Family $3,850,000
71737002 NEW 1 Huntington Avenue Boston 5 room, 2 bed, 2 bath 2/3 Family $2,750,000
71736485 NEW 2 Avery Street Boston 5 room, 2 bed, 2 bath 2/3 Family $1,895,000
71737739 NEW 44 Chestnut St Boston 6 room, 3 bed, 2 bath 2/3 Family $1,185,000
71737577 NEW 40 Chestnut Street Boston 5 room, 2 bed, 2 bath 2/3 Family $999,000
71736285 NEW 69 N Margin St Boston 7 room, 2 bed, 2 bath 2/3 Family $998,000
71736992 NEW 61 Prince Street Boston 6 room, 3 bed, 2 bath 2/3 Family $949,000
71737488 NEW 74 Waltham Street Boston 5 room, 2 bed, 1 bath 2/3 Family $890,000
71736202 NEW 274 Clarendon St Boston 4 room, 1 bed, 2 bath 2/3 Family $889,500
71736387 NEW 401 Harrison Ave Boston 3 room, 1 bed, 1 bath 2/3 Family $883,000
71737394 NEW 19 Charles St Boston 6 room, 3 bed, 3 bath 2/3 Family $874,000
71737477 NEW 38 Harvard Street Boston 5 room, 2 bed, 2 bath 2/3 Family $839,000
71737609 NEW 2 Battery Wharf Boston 3 room, 1 bed, 1 bath 2/3 Family $825,000
71736983 NEW 7 Follen St Boston 5 room, 2 bed, 2 bath 2/3 Family $809,000
71697733 NEW 56 Mystic Street Boston 8 room, 4 bed, 2 bath 2/3 Family $799,000
71736875 NEW 6 Columbus Sq Boston 4 room, 2 bed, 1 bath 2/3 Family $789,000
71736869 NEW 64 East Brookline Street Boston 3 room, 1 bed, 1 bath 2/3 Family $750,000

Newest Boston Condo and Apartment Listings 8/27/14

 15  Walbridge St. Allston 02134 1 bed, 1, bath 655 sqft $1,700

470  Beacon Street Back Bay 02115 0 bed, 1, bath 9999 sqft $1,395

115  St. Botolph Street 02116 0 bed, 1, bath 350 sqft $1,495

248  Kelton St Brighton 02134 2 bed, 1, bath 900 sqft $1,950

48  Kelton St Brighton 02134 2 bed, 1, bath 900 sqft $1,950

1575  Commonwealth Ave Brighton 02124 2 bed, 1, bath 900 sqft $1,695

70  Romsey St Dorchester’s Savin Hill 02125 3 bed, 1, bath 1000 sqft $2,200

 175  Northampton St South End 02118 1 bed, 1, bath 650 sqft $2,300

 26  E Springfield St South End 02118 3 bed, 2, bath 1200 sqft $3,800

5  Dawson Dorchester 02124 2 bed, 1, bath 800 sqft $1,550

55  Broadlawn Park West Roxbury’s Chestnut Hill 02467 2 bed, 1, bath 920 sqft $1,800

300  Marlborough Street Back Bay 02116 0 bed, 1, bath 425 sqft $1,550

80  Lonsdale St Dorchester 02124 3 bed, 1, bath 1126 sqft $213,700

238  W Newton St South End 02116 2 bed, 1, bath 735 sqft $559,000

172  Marlborough Street Back Bay 02116 0 bed, 1, bath 9999 sqft $1,550

244  Kelton St Brighton 02134 2 bed, 1, bath 1100 sqft $1,795

 

More news on the coming luxury apartment glut in Boston

Real Esate MA

Boston Condos

The Globe has a front-page story this morning on growing concerns that there may soon be a glut of luxury apartments in Boston due to all the ongoing downton construction.

Some people say it’s time for developers to shift gears and start building other types of housing in other areas of the city, which is what the Mount Vernon Co. says it is doing in Allston at its so-called Green District complex (see image above from its web site).

Others developers say they’re not worried about a glut.

Who’s right? Who knows.

But here are our quick thoughts:

— Let ‘em build luxury apartments if they want. If some of the luxury projects go bust, well, that’s the free-enterprise system. Those buildings would then be picked up at much cheaper prices by other investors (probably after foreclosures) who could then charge lower rents to undermine their competition. Isn’t that what we want? Competition? Is a partial glut such a bad thing? More on possible busts here.

— At the same time encourage other developers to build elsewhere in the city. Allston, Brighton and East Boston are fine. And so is trendy Jamaica Plain.

But how about the other neighborhoods outside the core downtown area where land is cheaper? Hyde Park, Roslindale, Dorchester, Mattapan and Roxbury, etc

— Encourage construction of more condos and small multifamily townhouses. The city and state need more housing for people to own and sell, not just rent.

— Make it easier for small contractors – not just huge multi-state contractors – to build in Boston. This might take action on various zoning and building-code rules. The BRA might also have to sell off some of its vacant lots strewn throughout the city. The goal should be to become less reliant on a dozen or so large companies to build housing in Boston.

Let’s get more contractors involved – and contractors who know the neighborhoods and don’t need to make the mega-huge profits ultimately demanded by the large investors backing all the mega-huge luxury developments projects.

Just a few thoughts.

Why are Boston smoke inspections so hard to schedule?

boston fire truckWhy does the Boston Fire Department have such a backlog of requests for smoke inspections, the inspection that must take place prior to any property exchange hands in the Commonwealth of Massachusetts?

Boston.com has the answer.

“Inspections are complex,” Boston Fire Marshal Bart Shea says. “You can’t just grab a guy from the street to come in temporarily, and there are also budget issues involved. Ideally, I’d like to have more, but over the years, the city has had to make cuts.”

Uh. Perhaps.

Here’s what happens during a smoke inspection of a condominium in Boston. The firefighter takes a pole and pushes the end of it against the test button on the smoke detector. He then sits down and fills out a one page form. He then reaches over to take your $50 money order.

This, after making you wait two hours for him to show up, because they only give you 3 1/2 hour windows of time.

Which part of that is “complex”? Making sure the cap is off the pen before you use it?

Real estate headlines galore: Boston’s ‘renaissance on steroids’

Wow. Where to begin?

Seriously, there are so many real estate headlines this morning, it’s hard to keep track. Bidding wars for homes. A new residential development in Charlestown. Development proposals for the Greenway. And, let’s not forget news from earlier this week, a major New Balance expansion in Allston. Together, they all confirm BRA chief Peter Meade’s contention that Boston is undergoing a ‘renaissance on steroids.’ And the developments extend beyond Boston’s borders, Btw. Here are some of the stories:

From the Globe: “Like flowers and trees, the region’s spring housing market has blossomed earlier and more vibrantly this year, fed by balmy weather, pent-up demand, and newfound optimism among prospective buyers, real estate specialists say. Real estate agents are reporting bidding wars for homes in downtown Boston, Cambridge, Somerville, Natick, Roslindale, and other communities.

From the Herald: “Three private development teams and the Boston Museum backers launched a four-way competition to develop a slice of land along the Greenway where the state wants to expand the Haymarket produce pushcart operation.

From the Globe: “After a 17-year tussle over permits, Boston developer Michael Rauseo is finally moving forward with a project to transform a century-old warehouse in Charlestown into 124 loft-style apartments.

And from the Herald earlier this week: “New Balance has offered to help pay for a new commuter rail station in Brighton to serve a bustling new complex of offices, shops, restaurants, hotel and ice rink next to the sneaker maker’s headquarters.”

So columnist Tom Keane is absolutely right to note that what we’re seeing on the development front is simply extraordinary. We’re shifting from a decades-long period of mostly commercial development in the city to more residential developments in Boston. Both periods were and will be good for the city. Call it the Second Stage of the New Boston.

File under: More, please!

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