Boston’s Emerging Real Estate: Three Neighborhoods Taking Center Stage
July 10, 2017
July 10, 2017
The City of Boston never ceases to amaze us – neighborhoods continue to evolve every day. Although every section of the city contributes to the eclectic feel that makes Boston so special, there are a few areas in particular that are especially eye-catching. Below, we’ve outlined three emerging Boston real estate markets that our clients are watching right now – East Boston, North Station and The Fenway.
East Boston or “Eastie” is undergoing a resurgence unlike any other neighborhood in the City of Boston, especially along the water. With access to the waterfront, a convenient transit-oriented location, and unique amenities, Eastie has developed a reputation as an ideal neighborhood for young families and professionals. Residents can reach downtown Boston in just a couple of stops on the Blue Line or under 10 minutes via water taxi. Eastie presents something unlike anywhere else – the city lifestyle we all crave, with the touches of calm waterfront zen we all need.
While the neighborhood is experiencing massive amounts of new developments, Eastie already contributes to Boston’s sought-after reputation with a diverse selection of dining, retail, green community space and waterfront living – an excellent destination for all.
Clippership Wharf, Lendlease’s two-phased project that will include 80 luxury condominiums at Slip65 and 398 apartments, is currently under construction and will soon sparkle along the East Boston waterfront. Bordered by main roads Lewis Street and Monsignor Jacobbe Road, Clippership Wharf is transforming an underutilized section of the East Boston Waterfront into an active, publicly-accessible extension of Maverick Square and the surrounding neighborhood. Recently launching sales, Slip65 offers residents the most spectacular view of the Boston skyline, unique lifestyle amenities, unparalleled access to the Harborwalk, and multiple dining and recreation options.
Clippership Wharf is just a snippet of what Eastie has to offer. Development is on the rise – with residents paying special attention to the 119-unit apartment building proposed by The Davis Companies at the former Hodge Boiler Works Co. site along the waterfront.
Another great example of an emerging Boston community is North Station. No longer solely associated with the commuter rail or TD Garden where the Celtics and Bruins play, North Station is quickly transforming into a diverse and attractive neighborhood with a lifestyle of its own. The area has become the focus for a variety of housing, dining, entertainment and retail offerings, and developers are taking note. Just a stone’s throw away from the North End, the North Station community is quickly creating a name for itself among Boston’s urban population who love to live, work and play in the heart of the city.
One draw of the neighborhood is the easy commute. With access to the MBTA commuter rail, Orange Line and bus systems, and in close proximity to I-93, North Station is a bustling transportation hub, a vital component of any modern community – for residents as well as commuters. Situated along the waterfront, the area’s aesthetics are highly appealing as well. Residents and visitors alike have access to the Harborwalk and a number of convenient water transportation services.
There are also a number of projects making good on the area’s potential, providing residents with an array of unique rental and home ownership opportunities, allowing the area to flourish and grow.
One example is Related Beal’s new development The Beverly, which is a 100-percent affordable and workforce housing development, which will bring much needed housing for families downtown.
For decades, the Fenway area was known exclusively as the home of America’s favorite ballpark. Today, it is one of the hottest new live-work-play communities, brimming with luxury residences, a wide variety of restaurants and an even larger selection of retail. Skanska is one of many developers bringing the area to life with its second luxury offering in Boston at 1350 Boylston Street. This 17-story, 212-unit apartment building will offer residents the urban luxury lifestyle that befits the new, distinguished Fenway community with access to an array of outstanding services and amenities. And the commercial developments are not far behind.
The Fenway will hardly be the last neighborhood to undergo such a transformation. With young professionals, students, empty nesters and young families increasingly choosing the city over the suburbs, the process of revitalization in Boston is far from over, paving the way for new and redefined neighborhoods such as East Boston, North Station and The Fenway. Also, with the Mayor’s Imagine Boston 2030 initiative at the forefront of the minds of real estate developers, these emerging neighborhoods will soon be more accessible than ever.
Take a minute to look around and capture the city around you – are there any other neighborhoods that you think are undergoing a similar transformation? Tell us about them on Twitter @solomonmccown!