This month the Boston Redevelopment Authority’s Board of Directors approved an astounding 8 new development projects which will give the city 1,415 units of new housing upon completion. One project involves a massive 656 unit complex that will transform an industrial area of South Boston into a beautiful residential community.
Together these 9 projects will collectively create an investment of $950 million dollars into Boston’s economy, and they will create in estimated 1,400 construction jobs in the process. Below you will see the 8 projects that are planned:
Washington Village in South Boston
Total Project Cost: $400,000,000
Construction Jobs: 635
Trinity Financial partners set to redevelop Orient Heights
Total Project Cost: $186,000,000
Construction Jobs: 315
South Boston’s Waterfront restaurants will be transformed with new housing, retail, and public space being built
Total Project Cost: $260,000,000
Construction Jobs: 275
Third phase of Jackson Square project on Amory Street approved
Total Project Cost: $62,600,000
Construction Jobs: 113
New housing development coming to Washington Street in Jamaica Plain
Total Project Cost: $13,000,000
Construction Jobs: 31
Green-light for mixed-use development near Broadway Station
Total Project Cost: $10,000,000
Construction Jobs: 26
Redevelopment of two vacant parcels in South Boston
Total Project Cost: $4,600,000
Construction Jobs: 10
These new buildings will create much needed inventory in apartments for rent and condos for sale in and around the Boston area, and it’s another sign that the housing market is continuing to flourish in the Greater Boston area.
Demetrios Salpoglou
Published August 29, 2016
Demetrios has pulled together the largest apartment leasing team in the Greater Boston Area and is responsible for procuring more apartment rentals than anyone in New England – with over 130k people finding their housing through his services. Demetrios is an avid real estate developer, peak performance trainer, educator, guest lecturer and motivational speaker.
