Boston Real Estate for Sale
Even though ground was broken yesterday on the Yawkey Commuter Rail Station in Back Bay, the proposed massive Fenway Center mixed-use development lags behind (The Boston Herald reports). Originally envisioned as a $450 million development with retail and up to 330 apartments, funding went south last year thanks to a lawsuit over the (approved) zoning for the project. Now the developer (Meredith Management Corp.) says they have first round investors lined up for the spring.
It’s a hopeful sign, and plenty of other apartment developments appear to be moving forward next year too. But you never know in this economy what can happen between now and the spring …
