Update from the development front

While many are still reeling from the sagging economy some major Boston development plans are moving ahead as posted earlier on this blog. This author thinks it is a positive sign for the future. Here is a development that is set to change the skyline and feel of Mass Ave and Boylston street. The area [...]

The W Boston to be sold

As reported by Boston.com the new and already iconic W hotel will be sold for $89.5 Million. This sale does not included the 123 condominiums portion of the project – it is only the hotel. I’ve been in the condos. They are nice. Small, but very nice. What I wonder about is the $10.5 million [...]

Affordable housing fight is just the surface

This is a story I have been watching unfold since it was announced a few months back that the developer of The Burbank Apartments on Haviland Street near Symphony Hall was going to opt out of the affordable housing business when they pay off their mortgage this year.  It should come as no surprise that [...]

More positive signs for the Boston rental market

According to the Boston Business Journal the sprawling 53 building (1,200+ unit) apartment complex along the shores of Dorchester known as Harbor Point has seen a 38 percent year-over-year increase in value. This certainly backs the national trend that demand is through the roof and supply is low. The appraisal came in $48 Million higher [...]

I smell auction . . . .

This is semi-old news but for those following the “big 3″ of new boston condo developments (The W, The Clarendon, and 45 Province) it raises a few eyes to see that 45 Province is losing it’s liquor license. Read the article from Banker and Tradesman here. The developers paid almost a smooth quarter million for the [...]