Five Real Estate Developments We’re Watching in Boston
July 27, 2015
July 27, 2015
In a sea of construction projects in the Greater Boston area, incredible amenities and developments with a mix of residential and commercial space seem to spur the most excitement. Here are some that I can’t wait to see:
What was once a quiet shortcut to Post Office Square bordering State, Devonshire, Congress and Water streets will soon to become a booming retail attraction between Faneuil Hall and Downtown Crossing. Partnering with Arrowstreet, Related Beal will create a 458,300 square-foot mixed-used project, including retail, restaurants office space, condos and a boutique hotel. The fully permitted project will have serious curb appeal with its beautiful design.
The waterfront retail/residential project reimagines 160 North Washington Street and 131 Beverly Street as modern properties that have added a reason to get excited: Converse. The project, estimated to be fully complete in 2017, will include a luxury residential condo building at 131 Beverly and will open up the North End Harborwalk under the Charlestown Bridge, creating an entirely new way to access the Charles River Basin.
The building boom isn’t limited to Boston proper: Cambridge is growing at a similar pace. This fully permitted Kendall Square office building will become a research site for pharmaceutical giant Bristol-Myers Squibb. Bristol-Meyers’ move from their suburban Connecticut facility to an urban area of Boston makes sense, as it will be closer to other innovative companies with which it can collaborate.
The opening of New Boston Fund’s One Greenway is imminent. This pet-friendly building will have amenities including a living room lobby, balcony lounge, coffee bar, quiet lounge, conference room, fitness center, yoga studio, a common area complete with a kitchen and lounge area that leads to a lovely terrace, outdoor greenery and paths, underground parking, a bathing station for pets and a bike station. One Greenway is currently preleasing apartments.
The South End is one of the hottest spots for Boston developers this year. This unique project is exciting for its innovative design. The vacant church, which was built in 1877, will be converted into to luxury condos. When finished, it will span eight stories and will include a parking garage in the basement. The project is minutes away from downtown, with a Whole Foods a short walk away. This project was approved by the BRA in June and will stick to what Boston development is all about: preserving the city’s history, while adding in a twist of modern luxury.
Each of these five developments brings something new to Boston. I will enjoy seeing these new projects mix with Boston’s historic properties.