I recently had the pleasure of joining ULI Boston/New England’s Young Leaders Group and nearly 100 real estate industry professionals for a tour of some of East Boston’s newest development projects. During our tour, it quickly became evident that East Boston or “Eastie” is THE next neighborhood to experience a large-scale real estate transformation. Eastie’s waterfront is attracting world-class development and design, which will collectively contribute to thousands of new housing opportunities as well as a plethora of unique mitigation projects, which will benefit the entire community. Here is a quick overview of some of the projects we toured:

  • Lendlease’s Clippership Wharf project, which will feature approximately 478 apartments and condominiums within four buildings, as well as quality amenities and exciting options for community programming and dining. There will also be a living shoreline that will allow residents and members of community access to the water’s edge, as well as a floating dock for recreation and education-based water activities, and a kayak launch.
  • Trinity Financial’s Boston East development will create 200 units of rental housing, including six artist live/work/sell units on the ground floor. These units will be open to the public for open studios and will be located near the building’s gallery space.
  • Gerding Edlen’s 6 New Street encompasses 259 residential units, retail space overlooking the water and a 500-foot section of the public HarborWalk.
  • Roseland’s Portside at East Pier, which has brought a total of 490 residential units to the East Boston Waterfront, as well as marine/shipyard uses and exciting retail options.

When visiting each project, we heard from the developers who described everything from the acquisition of the site to their unique designs and scheduled delivery dates. It was truly amazing to see the level of activity that’s happening in the neighborhood right now; I could barely believe it.

While each project differed in its design, amenities or pricing, there was one glaring commonality – sweeping skyline views that stretched across the harbor to downtown Boston. As British real estate tycoon Lord Harold Samuel once said, when it comes to real estate, it’s all about “location, location, location.” Until roughly two years ago, the majority of East Boston’s waterfront sat vacant and felt very much depleted, but that’s far from the truth today as we’re beginning to see a strong revival of the waterfront.