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!