Boston Investment Opposites?
David Bates / March 6, 2014-10:53 am
Here’s a Hub real estate investment theory for you: The more you like to invest in Allston-Brighton, the less you’re going to like to invest in the Seaport. Why? The Seaport is about as opposite of Allston-Brighton as a construct out of Bizarro World. While Allston-Brighton is established, easily accessible by the T, affordable, and appointed in such a way that a new Jacobean building looks right in place, the Seaport is brand new, ultra expensive, a challenge to get to by T, and a place where a Jacobean building might look like a sore thumb.
First, Allston-Brighton heavyweights Harold Brown and Bruce Percelay expressed their skepticism and concern about the luxury development hot spot. Now, Merrill Diamond, the developer of a Jacobean-style condominium building on Com Ave, is predicting rain on the luxury apartment parade. What did Diamond recently say about the Seaport and ultra-luxury apartments? Check out my featured column in Curbed and find out.