Welcome back to Property Lines, a column by veteran real estate reporter Alexei Barrionuevo. Each week on Tuesday, Barrionuevo will report on housing trends, real estate deals, and major business moves right here on Curbed.
:format(webp):no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/4361471/one-dalton-rendering-thumb.0.jpg)
Not every real estate boom is created equal. And in Boston, one of America's oldest cities, a historic building boom is taking on a distinctly Bostonian feel.
In Miami, New York, and San Francisco, developers are touting starchitects and leaking the identities of bold-faced namesVIPs who will deign to own a luxury unit and visit, perhaps, a few times a year. They are showcasing penthouses like they are Jackson Pollocks or Monets, and billing them as perfect repositories for such fine art.
Not so in Boston. Just ask Richard L. Friedman, the lead developer of the Four Seasons Hotel and Private Residences One Dalton. "Boston has a sort of long term history of not being a boom-bust kind of place," Friedman said. "We don't get Russian oligarchs. You don't get that kind of thing here, and we don't want it."