Tishman Speyer's second phase of their $500 million Pier 4 development project overlooking Boston Harbor. featuring a nine-story residential building containing 106 luxurious one-to-four-bedroom condominiums with 17,000 square feet of ground-floor retail. The building will feature a rooftop terrace and state-of-the-art amenities. Pier 4 will include a one-acre public waterfront park. A two-level underground parking garage will be located on site.
Each condominium at Pier 4 will feature private outdoor space; penthouse condominiums will also feature private roof decks. Pier 4 will offer the only Seaport residences surrounded by water on three sides. Resident amenities will include pet-friendly conveniences, an exclusive residents club, an expansive outdoor terrace, a seating and dining area with a fire pit, a luxury fitness center with state-of-the-art equipment, virtual golf, and on-site self-parking and valet.
On the ground floor of the residential building will be the Seaport's first farm-to-table restaurant. The restaurant will be operated by Kristin Canty, owner of Concord, MA's Woods Hill Table, and will have 140 seats, including a raw bar, along with a 40-seat patio. On the office building's ground floor will be a location of Tatte Bakery & Cafe over 3,600 square feet in size.
The company analyzes millions of bits of data for its annual Global Traffic Scorecard. Boston always scores rather high, but this year the city appears to have rated particularly bad.
For the first time, too, INRIX looked at commutes in terms of peak (slowest travel times) versus inter-peak (fastest point between morning and afternoon commutes) travel times. In Boston on average, commutes increased 27 percent during peak versus inter-peak hours.
There was a bit of good news in the report. “[I]n cities like Boston, Washington, D.C., and Chicago, a higher proportion of trips are taken via public transportation, walking, or cycling.” Any car trips then are more likely to be related to business, the report said—unlike in, say, Los Angeles, where everyone drives everywhere for everything. In fact, INRIX said that L.A. was the most car-dependent city of the top 10.
Courtesy of BLDUP. Latest Boston Real Estate Development News
Demolition of Whiskey Priest & The Atlantic Beer Garden along Boston's waterfront has begun to make way for the upcoming St. Regis Residences. Once the bars have been cleared work will start on the 22 story tower that will hold 114 luxury residences. The project also calls for around 10,000 sf retail space and three levels of underground parking.
Construction is expected to be complete in around 2 years.
Upcoming 22-story mixed-use waterfront building in Boston's Seaport District. The St. Regis Residences, Boston will contain 114 residential condominiums. 10,700 square feet of ground and second level retail space and three levels of underground parking. The ground floor space will feature a signature restaurant. A Harborwalk extension will be built around the building. The project will be built at the present site of the Whiskey Priest and Atlantic Beer Garden waterfront restaurants. The following is a rendering of St. Regis Residences, Boston:
The famously billowy condo tower planned for 150 Seaport Boulevard, on the Seaport District sites of the Whiskey Priest and the Atlantic Beer Garden, will open as an outpost of the St. Regis luxury brand, according to developer Cronin Development.
The firm reached a licensing deal with Marriott International, which is not itself involved in the development.
The tower is due to have 114 condos and to reach to 22 stories. A groundbreaking is expected this fall, with an opening scheduled for late 2020.
Such an opening will cap a long time of back-and-forth on the plans. The Conservation Law Foundation, an environmental group, agreed in January to drop a lawsuit against the project in exchange for $13.1 million in funding for a waterfront park, a public dock, and children’s programming.
The group had opposed Cronin’s (very expensive) plans on zoning grounds because of concerns about public access to the waterfront.
As it stands now, the future condos will come with access to a suite of St. Regis-branded luxury services, including concierge and butler service, and to amenities such as a swimming pool, a spa, a health club, a library, and what the developer is calling a golf-simulation room.
Then there’s the design of the building itself, courtesy of the late Howard Elkus of Elkus Manfredi. It is meant to evoke a billowy sail.
Stay tuned for sales (the other kind). Those are expected to launch in the fall.
Geography, infills, independence movements—all played roles in shaping the city’s positional vocab.Felix Mizioznikov/Shutterstock
Boston is named after the town of Boston in eastern England. But what about the city’s neighborhoods? A lot of them have similar roots in old Albion, while a sizable chunk are tethered etymologically to geography.
Read on for the origin stories of Boston’s 22 large neighborhoods.
This neighborhood was for years simply the stockyards and rail yards of the town of Brighton. It also had a post office and quite a bit of woodlands.
One gentlemen who liked to hike the woodlands was the painter Washington Allston, who lived across the Charles River in Cambridge.
By the time Boston annexed the area in 1874, it was known by his surname.
This photo from 1858 shows the Back Bay on the left and the Charles River on the right. Public domain.
There is a reason many people call this neighborhood the Back Bay: From 1857 to 1882, one of the largest urban infrastructure projects in U.S. history filled in about 450 acres of pestilential tidal basin known colloquially as “the Back Bay.”
A depiction from 1811 of the reduction of Beacon Hill to 80 feet from 138. Wikimedia Commons
Multiple hills—some say three, some say five—comprised what became Beacon Hill, one of the first settled areas on the Shawmut Peninsula.
One of those hills became known as Beacon Hill because of a signaling beacon on it; and the name stuck.
The smallest neighborhood that the city itself breaks out, Bay Village was born in the 1820s as the collection of homes for the workers who built the tonier nearby Beacon Hill. Therefore the architecture looks similar.
Bay Village used to go at various times by the Church Street District, South Cove, and Kerry Village. Bay Village stuck, perhaps given its immediate geographic proximity to the pre-infill Back Bay.
Brighton was its own town until Boston annexed it in 1873.
By that point, it had been independent for only about half a century; and, before that, was known, along with what became Allston, as an agricultural and cattle-rustling appendage of Cambridge that went by the diminutive nickname Little Cambridge.
It changed its name to Brighton, after a town in southern England, upon independence in 1807.
Charlestown was named for—wait for it—an English king named Charles; in this case, Charles I, the Stuart on the losing end of the English Civil War.
Europeans began settling what became Charlestown in 1629—20 years before Charles I lost his head—and it remained an independent municipality until 1874, when Boston annexed it.
This neighborhood is named after its predominant ethnic group; though rising housing costs and other reasons for emigration have reduced the number of residents of Chinese descent.
Boston’s largest neighborhood by area is named for Dorchester, a town in southern England.
Dorchester, USA, was an independent town until 1870, when Boston gobbled it. As a town, it included parts of what became known as South Boston.
The infill-spurred linkage over 150 years of five islands east of Boston formed this neighborhood. And the “east of Boston” bit gave it its name.
The neighborhood’s private developers saw to its annexation to Boston in 1836.
Frederick Law Olmsted’s plans for the Back Bay Fens, circa 1887 Public domain
Take your pick: This neighborhood’s name came either from the Back Bay Fens, a park that landscape architect extraordinaire Frederick Law Olmsted designed, or from a road that ran along it. Fens, incidentally, is a term to describe a marshy or flood-prone area, which this eventual neighborhood was.
Boston annexed Fenway and its Kenmore Square and Audubon Circle areas from Brookline in the 1870s. It’s sometimes called “the Fenway”—often an unconscious nod to the theory that the neighborhood was named for the road.
Boston’s southernmost neighborhood—and the last to be added through annexation, in 1912—is named after the park in London dating from the 1630s.
This is another tossup in terms of origin. JP was either named after the Caribbean island from which some residents drew their wealth via the slave-driven rum and sugar trades; or after the Anglicization of the name of a Native American leader.
Or! As in the case of Jamaica in Queens, New York, it comes from the name of a Native American tribe called the Jameco.
JP became part of Boston in 1874. Interestingly, it was part of the town of Roxbury and parts of Jamaica Plain became the town of West Roxbury.
The greater Boston real estate market often logs in the largest number of sales closings in the Spring (2nd) Quarter each year; as the cold weather and snow give way to blooming flowers, warmer weather...and eager buyers!
Often buyers want to enjoy the Summer in their new digs. Some want to have their children in place for the next school year, while others strategize to maximize their tax write-offs for the calendar year. Many just want to get their home purchase project done and over with!
If you want your property sold during the 2018 Spring market you need to get started. Spruce up your property, assemble all the pertinent documents, hire a real estate broker and put your property on the market ASAP.
The following topics are some of the most crucial elements that you should attend to before that first showing appointment of your single family home, townhouse, condominium or cooperative.
As the buyer walks up to your property, their first impression often becomes their most lasting one. Make sure that their first view is as appealing as possible. It may determine whether the buyer will 1) go through with viewing the property. 2) make an offer...or not. 3) be willing to pay you a strong price.
I'm talking about increasing curb appeal with ideas like: repair cracks in the walkway, repair and paint the front steps, clean the litter and leaves out of the front garden of your building, replace worn hardware and touch up the chipped paint on the front door and make sure the entry foyer to your condo building is spotless. Not only does this first look affect the buyers initial emotional attachment to your property, it says a lot about how well the property has been maintained. In the case of a condo or coop building, it signals how willing your fellow owners may be to chip in on future repairs and general upkeep of the common areas; elements that directly affect the future value of your unit.
Let's Go Inside
Inside your property, there are numerous inexpensive ways you can make it show better. Clean your windows. Have your home professionally deep-cleaned. Place a few vases of fresh flowers in the main rooms. Increase the wattage of your light bulbs so the property appears bright and cheery. Clean the fingerprints off all doors, kitchen appliances and the bathroom mirrors. Clean out and/or reorganize your closets; a lot of buyers are coming out of large suburban houses where they are used to having a lot of closet storage.
Most buyers are very critical when it comes to the kitchen and bathrooms. Be sure every surface is uncluttered and spotless. Store the extra kitchen appliances and put all the personal items in the bathroom away. Limit the number of personal photos on display; you want the buyer to focus on your property and not who owns it. And if you have some rainy-day money stashed away, freshen the paint with neutral colors and refinish your hardwood floors!
Repair those little problems that don't really bother you but that all buyers seem to notice. Repair that dripping kitchen faucet. Seal and repaint that water stain from the leaky toilet upstairs that you had fixed last Fall.
If you’re aware of more costly repairs, consider doing them before you go to market. If the buyer doesn’t notice them, their inspector most likely will. And that can lead to unexpected renegotiations or even kill the deal. Replace that old hot water tank. Repair a roof leak. Repair or replace the decking or railings to that palatial deck.
Pets. Whether a prospective buyer is a pet lover or not, they want to buy a home that is immaculate. Pet odors, toys strewn about and damage to furniture, carpeting and woodwork can be a big negative. Some buyers are afraid of animals in general; they can be a real distraction. Although sometimes a logistical nightmare, best to not have the pet at home during showings. At the very least, have them crated somewhere private.
Assemble the documents and informationyou'll need to give to your real estate Broker.
Prior to going to market with your property, an experienced agent will ask you many questions about your property, from a dated list of your improvements to the age and condition of the heating system. Arm your broker with all the information you can. This way you'll shorten up the buyer's discovery period and get them to the offer stage quickly while their excitement level is still high!
In the case of a condominium, put together a package including a copy of recorded condominium documents such as the Master Deed, Declaration of Trust & Rules and Regulations. Assemble the last two years of financial statements, association meeting minutes and the current budget. Make sure you know whether there are any upcoming assessments for capital improvements and/or whether your condo fee, coop fee or any other fees attached to your property will be going up within the next twelve month period. For all properties, give your broker copies of your utility bills (gas, electric, etc.) for the last twelve months and a copy of your latest real estate tax bill.
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