Another year, another new apartment complex in Boston.
Cresset Development has purchased a warehouse at 411 D Street and hopes to built 197 new residential units at the site — 26 of which will be smaller “Innovation housing” for the new high-tech area that the mayor envisions.
This proposal kind of slipped under the immediate pre-New Year [...]

They just keep on coming.
Developers are now set to start building a 21-story, $170,000,000.00 apartment and retail tower on Pier 4, the latest in a slew of new developments in the Seaport area. The Globe piece has all the details about Pier 4 and other nearby projects.
One thing that caught our attention is the [...]

The Park Lane Seaport apartment complex is now up for sale.
The two-buildings, 465-apartment complex is expected to generate intense investor interest, the Globe is reporting.
Is this an example of a hot luxury-rental market vs. a less-than-hot luxury-condo market? What do you think?

The planned foreclosure auction of nine of Berkeley Investments’ Fort Point properties has been postponed.
Berkeley and Wells Fargo may have reached an agreement on financing. If so, it’s good news for the district, where there’s high hopes of one day making it into a virbrant 24/7 neighborhood. Berkeley has a good track record and [...]

Want some good real estate deals? They may be available in the Fort Point area if nine properties there are forced into foreclosure.
Wells Fargo Bank has set a May 5 sale of the parcels after Berkeley Investment defaulted on mortgages, the Herald is reporting.
This is a potentially big setback for the area, where Berkeley has [...]

The MBTA’s plan to take over the Postal complex along the Fort Point Channel in Boston has fallen through. The deal’s collapse will probably delay the planned expansion of rail service in the Greater Boston area.
The MBTA is trying to spin the setback into positive news. But no one else is cheering.
File under: Train wreck

Avg. Price
‘06 4th Q
‘07 4th Q
‘08 4th Q

 
$673,750
$558,439
 $513,006

 % +/-
 +2.18%
 +17.116%
 -8.14%

Median Price
‘06 4th Q
‘07 4th Q
‘08 4th Q

 
 $684,500
 $561,250
 $485,000

% +/-
 +0.96%
 -18.01%
-13.59%