Seaport District – Boston’s Next Hot Spot

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Seaport District

Once a location consisting of parking lots and vacated buildings, the Seaport District is fully immersed in a revitalization that will turn it into one of the hottest neighborhoods in Boston. Real estate developers are fighting over buildings in the neighborhood in an effort to repurpose the properties into a profitable asset that will blend in with what Mayor Menino is referring to as the Innovation District. Divco West Real Estate Services LLC has recently purchased four buildings in the neighborhood which once were used to manufacture shoes and candy for $107 million. Considering that Boston has among the lowest vacancy rates for commercial real estate in the country it is no mystery why developers are lining up to jump on Boston’s next hot spot.