Much has been made of the suddenly frenetic pace of apartment-building along the East Boston waterfront. Why, just this morning the groundbreaking for the 259-unit 6 New Street will be held, with Mayor Marty "53,000 Units and Yesterday" Walsh the guest of honor. There's also the Portside at East Pier, which held a ribbon-cutting in November for its 176-unit first phase. And don't forget the 95-unit Hodge Boiler Works project or Boston East, a 196-unit deal off Border Street. There's also one sizable condo project along the Eastie waterfront.
Cassin/Winn Development currently plans to turn 12 acres of waterfront at 25 and 65 Lewis Street into a four-building complex with 400 condos and a 670-space underground garage. At the same time, the development, dubbed Clippership Wharf, has been pitched as a transit-oriented project given its proximity to the Maverick Square T stop, not to mention that water taxis could dock nearby. The Boston Redevelopment Authority has signed off on Clippership Wharf, though construction has yet to start pending a state environmental review (and there don't appear to be any renderings available yet). Stay tuned.
Meanwhile, the rental picture in those hundreds of new Eastie waterfront apartments is becoming that much clearer. The Globe's Casey Ross reports that 6 New Street's apartments "will be several hundred dollars a month less than apartments under construction downtown. Comparable new units in downtown Boston are renting for $3,000 to $5,000 a month." There are also quite a few rental deals to be had in the area.
· Construction Set for New East Boston Apartment Complex [Globe]
· Nothing Stopping East Boston's Big New Street Project Now [Curbed Boston]
· Boston Housing Plan: Incentivize Developers, Cross Fingers [Curbed Boston]
· First New East Boston Waterfront Project in Decades Opens [Curbed Boston]
· Eastie Waterfront Apts. Headed Toward O.K., Southie Rents [Curbed Boston]
· City O.K.'s 399 Congress, Point, Parcel 9, Boston East, More! [Curbed Boston]
· New Eastie Development Offering Up to Three Months Free [Curbed Boston]