Last week brought a thunderclap of news that four properties in Dorchester were asking a combined $6,000,000 despite a total valuation of about $871,000.
Why the discrepancy? Because Dorchester, that's why. Boston's biggest neighborhood by area is suddenly a hotbed of large-scale development amid steady demand, and that has made existing plots of develop-able land all that much more desirable. The quartet in question, for instance, is right near the massive multi-building expansion of the South Bay shopping center.
Check out this map of those potential new-development sites in Dorchester and others. Some, like the quartet, could hold larger-scale projects, while others are offered as possible condo conversions or tear-down/ground-up apartment (or condo) buildings.
If we're missing any, do let us know.Read More