East Boston’s Resurgence
July 11, 2016
July 11, 2016
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:
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.