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South End Parking: $45K-$50K; $3.75M East Boston Deal; More

HUB-WIDE—Say, how much is that parking space? "[I]f you asked any seasoned real estate agent in the city (this writer included), he/she will likely have a set of pre-determined figures in mind for the areas they service. Just ask me: South End? Average $45K-$50K. Although there was a recently listed space for $75K. It hasn’t sold yet. Cambridgeport? On average $25K-$35K. Coolidge Corner: $40K or more. ... Our local real estate market is 2.5 times the national average in all home sale prices whereas the value on parking is nearly 4 times the national average." [Boston Real Estate Blog]

EAST BOSTON—You can bet this will be really valuable some day: "First Bristol Corp., a Fall River, Mass.-based developer, has purchased a 6.2-acre site near the Suffolk Downs racecourse at 415 McClellan Highway in East Boston, Mass., for $3.75 million. The company acquired the parcel from Sawyer Enterprises, the Boston firm that owns the W Hotel and Residences in the Theater District." [Biz Journal]
NORTH END—More than two dozen developers toured a couple of buildings at North and Richmond streets that the city is trying to sell. Among them: "Pizzuti Development, the family-owned firm where Boston Red Sox owner John Henry’s wife, Linda, works on real estate deals. ... [O]thers who toured the facility or received the RFP included representatives from The Congress Group, Millennium Partners, Campion & Co., Urban Meritage LLC, Urbanica, the North Bennett Street School—which hopes to expand at the location—and Otis & Ahearn." [Biz Journal]

Suffolk Downs

525 William F McClellan Highway, , MA 02128 (617) 568-3216 Visit Website