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.
Filed under: Boston Luxury Condos, Boston Luxury Real Estate Market, Boston Real Estate Market, Waterfront Boston. • Tags: , new apartmentsPier 4seaport districtWaterfront.. By CL Properties @ 04:15-04:00
The next large development project in the Seaport District is slated to begin next month on Pier 4 where a mixed-use building will take the place of the long standing Anthony’s Pier 4 restaurant. The landmark restaurant will be making way for a state of the art complex that will be comprised of residential units, office and retail space as well as a harbor side park that will be located where the restaurant currently stands. The $195 million dollar project will be making way for 395 new apartments in the neighborhood ranging from studios to large three bedrooms. Residents will have such amenities as underground parking and a plethora of retail shops and restaurants located within their complex. For more information about this exciting and up and coming waterfront neighborhood and Boston contact CL Waterfront Properties, LLC.