Fading: Canned air and fake lights.
Trending: Fresh air and natural light.
Who’da thunk it!
Assembly Row has been 17 years in the making and it’s nowhere near done. Thoughts of a Green Line Extension are nearing a 25th birthday and they haven’t even laid a rail. No wonder the Mayor of Somerville, Joe Curtatone, emphasizes the importance of “playing the long game.” As he prepares the city for life and success in 2050 and today, what did he tell me about Somerville’s accomplishments and challenges? Check out my featured post in Curbed and find out!
Why did the Brookline single family at 24 Monmouth Court garner $750,000 more than the asking price? According to one agent familiar with the sale, the property should have been marketed as a development opportunity, “not as the odd, misplaced single-fam at $1.75 million.” The house’s 14,500 square foot lot is strategically located between Coolidge Corner and Back Bay and has multifamily zoning.
Gerding Edlen, the very green developer behind Factory 63, 315 on A, and Troy, broke ground on a 259-unit apartment building located at 6 New Street, East Boston, a building that is sure to have some amazing views of the downtown skyline. Located next to LoPresti Park, the development will create jobs, help fund affordable housing, and significantly contribute to the beautification and perhaps gentrification of East Boston.
Mayor Marty Walsh attended the ground breaking and immediately noted that the project left his team only another 52,750 housing units to develop in Boston before 2030 to hit his goal. He also thanked the three East Boston politicos whose persistence helped make the project happen.
Here’s what the representatives, all lifelong East Boston residents, had to say about the day and project.
If it’s a new day in Boston, there’s probably a new project getting approved, a new change for the old neighborhood, a new restaurant opening. There is tremendous enthusiasm for the future of the Hub, but it’s not risk free future.
What’s going to change in the Boston real estate market in 2015? Probably this!
There is plenty to give thanks for on Thanksgiving and this Thanksgiving I suggested giving thanks to one of the most oft noted, but least talked about aspects of the Hub’s residential real estate market. What was it? Check out my featured column in Curbed and find out.
My new listing is in a fantastic Newton Centre neighborhood, just off Com Ave, and walking distance to the D line. The house has a fireplace and full basement. It’s on a large lot and has an attached garage. It needs some updating, but well worth it. Join me SAT and SUN, 12 PM – 2PM.
I mapped the 70 highest and 70 lowest dollar per square foot condo sales in Somerville and the influence Davis Square and the Cambridge line have on prices becomes immediately apparent. The green stars represent the group of highest dollars paid per square foot. The red dots, of course, represent the group with the lowest dollars paid per square foot.
About David Bates
David Bates is a top producing real estate agent who has sold condominiums, single families, and investment property in a variety of Boston neighborhoods and many of the city's better suburbs.
His insights appear not only in in this original content blog, but also in the most established local media, including Banker and Tradesman, Boston Magazine, Boston.Curbed.com, The Boston Globe, The Boston Herald, Bloomberg News and NECN.
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