The condo tower construction boom adding thousands of units to

Boston’s skyline faces a new challenge that could prove as serious for developers as a softening

real estate market – runaway construction costs.

Skyrocketing building costs could derail

some big high-rise plans that are waiting to move into construction, industry insiders warn.

 

Among those projects facing increased costs are the Province Tower condos, near

Government Center, Arthur Winn’s Columbus Center mega-development, and parts of the Fan Pier

redevelopment.

Source: Builders bemoan high

rise in costs – by Scott Van Voorhis, The Boston Herald

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Updated: January 2018

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