Boston Commercial and Condo Development

Boston Commercial and Condo Development

The developer of the $1.6 billion Quincy Center redevelopment project, which has stalled amid financial uncertainties, has been issued an ultimatum by the city: Build or the development agreement is terminated.

Or so says the city.

The reality, though, is that Quincy is now in a fine pickle. What does the city expect? The developer to simply hand over the rights to another developer — as if there’s a scroll of paper, rolled and tied up with a nice red ribbon, that can be handed off to someone else?

Good lord. Think of all the tangled legal and financial obligations that come with getting rid of one developer and getting another to assume the mess down in Quincy. It’ll take months, if not years, to sort out.

But the point here is really: Beware of grandiose government re-development projects to transform entire districts or neighborhoods. When they succeed, they succeed. When they fail, they fail. And they usually fail, at least at first.

The problem is that there’s almost no way for a government, and a single developer, to truly know what the public will want in the future when it comes to tying together multiple numbers of properties. It’s better to guide, not dictate, development plans, letting a certain amount of organic growth to occur and remaining flexible to market changes.

That’s exactly what has happened in the Seaport area. The real development of the area began decades ago with Fidelity’s visionary move to redevelop the World Trade Center and start building in the area. Then came the US Courthouse, followed by the new Convention Center and … you know the rest of the story.

Quincy’s downtown definitely needed work — and major infrastructure improvements — before it could truly take off and serve as a development release valve to Boston.

So maybe Quincy’s downtown plan isn’t/wasn’t too much of a pipe dream. Maybe it will turn out similar to the Big Pit fiasco at the old Filene’s site, when one developer crashed and burned and another had to be brought in to rescue the project (though we’re talking about one parcel of land at the old Filene’s site, not multiple-square blocks like Quincy’s project — see sketch above).

Maybe, maybe, maybe …

File under: Visionary Delusional Planning

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Updated: December 2017

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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