These projects under construction are not only transforming Boston’s built environment, but providing a real-time gauge of its real estate. How these go, so will likely go the commercial and residential markets overall.
It would be an understatement to say that Boston is inhospitable hunting ground for homebuyers. It’s full of high prices, bidding wars, and all-cash offers. But there are some relative deals out there.
That was the previous name of the street beside Fenway Park. It was renamed Yawkey Way in 1977, a year after the death of Red Sox owner Tom Yawkey, who had a checkered history with racial integration in the majors.
The team hasn’t finalized any plans, but a top Red Sox executive did say that retail and perhaps hotel rooms are under consideration—and that whatever does go up will in theory enhance fans’ game-day experiences.
That asking prices in Back Bay, Beacon Hill, and the Seaport are averaging $1,000/foot-plus should not be all that surprising. But that this is the case now in swathes of downtown well beyond Back Bay should jar a bit.
There’s a lot going up in and around Boston as 2018 chugs along. Here’s a map of major developments to watch during the next 12 months. Consider it an explainer for the scaffolding and cones you’ll encounter.