New Construction
It’s been nearly six years since the “Housing a Changing City: Boston 2030” plan was announced. Apparently both city officials and developers are doing a good job. They are on track to reach the goal of 53,000 new housing units in the city. According to recent estimates, the amount of construction that is currently taking place is the highest recorded in the past 20 years. That being said, it is important to know what’s to come so we can shape our plans. Here you’ll find a few of some of the biggest and most exciting new construction projects happening in Boston.
The Tallest New Construction in Southie
In March, 2016, developer Leggat McCall Properties, in cooperation with Multi-Employer Property Trust, provided more details on potentially the tallest new construction in South End. The development, located between Harrison Avenue and Albany Street, is expected have 710 units and both retail and office space, along with an underground garage. It will be composed of two apartment complexes that can reach up to 19 stories.
A New Village in Andrew Square
Washington Village is another exciting project on the horizon. Situated in Andrew Square in South Boston, it would feature 656 residential units, along with 98,600 square feet of retail space, both surface, and underground parking, as well as a lot of open space. The project is expected to be fully finished by 2021.
Numerous Developments in The Fenway
More exciting news come from 2 Charlesgate West, near Fenway Park. Trans National Properties plans to build a 360,000 square feet residential tower that would feature 325 condos and apartments. But that’s not the only thing happening in the Fenway – developer Samuels & Associates is working on a 30-story-high tower called Pierce Boston. The project includes 109 condominiums and 240 apartments.
The Viola Back Bay
Construction on a interesting S-shaped, mixed-use development is expected to start in 2019. The Viola, located at the intersection of Massachusetts Avenue and Boylston Street, near Berklee College of Music, will include 173 condominiums and apartments, two public plazas, retail space and a 156-room hotel.
It is safe to say that Boston is going through a construction renaissance. With so many new projects well under way, such as the Washington Village, The Viola, and Millennium Tower, and numerous others still awaiting for approval, the city will certainly look different in just a couple of years. The cities population is expected to rise to 700,000 by 2030, the highest level since the 1950s. This will surely give a positive spin to the local real estate market in will bring many interesting opportunities both for buyers and sellers who are looking for homes and investment properties in Boston.
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