The South End News is out with its semi-annual “Urban Living” supplement:
Just take a stroll through the neighborhood and you’ll get a sense that, despite what developers and real estate agents say, development hasn’t slowed in the South End. There are at least seven major developments either under construction or in the planning process. Once constructed, they will add at least 838 housing units to the neighborhood.
Of course, everyone is waiting to see what happens with the Columbus Center development, an enormous multi-use project to be built over the Massachusetts Turnpike, between the South End and Back Bay.
Not everyone is optimistic that it will ever be built, according to the article.
John Keith, a South End real estate agent and creator of BostonREB.com, a blog that monitors Boston real estate development, said he doubts the Columbus Center will ever get built, regardless of whether or not it gets a MORE grant. “I don’t think it’s going to happen,” Keith said. “It’s so expensive.”
Not that that’s a bad thing, necessarily.
Regarding the pipeline of new construction over the next decade:
I think it’s going to stagnate for about five years,Keith said. That’s good for people who own because there won’t be construction. Home prices will go up because there’s as much demand [as before] but no more supply.
Read on for a list of projects currently under construction or recently completed in the South End:
Just completed, the development of 26 new homes is located near the intersection of Columbus and Massachusetts avenues. As the brochure puts it, “The state-of-the-art kitchen offers white Carrara marble counters, Metallic finishes in the cabinetry & backsplash and stainless steel appliances. The beautiful bathroom is crisp and modern in shades of white, powder blue and light gray. The floor-to-ceiling windows capture amazing light. A Zen rooftop.”
In the former headquarters of the American Red Cross, 63 condos priced from $500,000 – $1.8 million, to be completed first-quarter, 2008.
Located on Columbus Avenue, 50 units priced in the $1.5 – $3 million range, to be completed mid-2008. Many are three-bedrooms, larger than the standard, downtown home.
Details are scarce, in fact it’s unclear whether construction is even on-going (maybe I should drop by?), at 519 Albany St, 59 units across two buildings, one new and one existing.
Just about done, near the Boston Medical Center, two-bedroom units in this 84-unit building remain, priced at $599,999 and above.
Closings have begun at The Penmark, the renovation of an historic Boston building into 60 condominium homes. What was once Boston College High School is now luxury units, each with its own style and design. One bedroom to two bedroom with study, flats, duplex, and lofts are available. Prices from $600,000 – $1,000,000.
The historic renovation of the District 4 Police Station into 26 unique, boutique – style homes.
The interiors and exterior have been redesigned and re-imagined by Mr. Starck. Building features include: Winter Garden, Green Roof, Arclinea Kitchens, Duravit Fixtures, High – End Appliances, Garage Parking, and Concierge. Prices from $600,000 to $3.2 million.
Open just about six months, this is a unique condo development near the Boston Medical Center. There 54 units across two new buildings. Prices in the $500,000 – $600,000 range.
Several units have both Southern and Western exposures, and some are designed as lofts, but easily divided into separate bedrooms. Some units are duplexes, with private entrances.
New homes have energy efficient windows throughout, real polished concrete floors and 9â€²8â€³ +/- ceilings. Upgraded luxury kitchen with center island.
Penny Savings Bank
The Penny Savings Bank building has been turned into 23 condominiums priced from $600,000 to over $1 million, closings have begun.
The developer has restored the white-marble, two-story facade of the bank. There will be three-stories of glass-walled additions added to the top. Residents of the lower floor will have high ceilings and loft-like interiors, as well as balconies. The addition will be set back from the front and Union Park Street side of the building. There will be two retail spaces on the first floor, one a restaurant the other a Citibank branch.
New developments – By Lou Manzo, The South End News
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