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.
Newly revealed details call for an eight-story property at the corner of Commonwealth Avenue and Deerfield Street and a major overhaul of the Citgo sign’s Beacon Street perch as part of another new building.
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.
Related Beal has filed its long-awaited plans for several buildings that it acquired from Boston University in late 2016, including 660 Beacon Street, which the 60-foot-by-60-foot Citgo sign has bestrode since 1965.
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.
Thanks to a recent deal between the state and two developers, the 4.5-acre project’s first phase—two residential buildings of seven and 13 stories, with 313 apartments and 67,000 square feet of commercial space—could start before the end of the summer.
Initial work could start as soon as September on the 1.3 million-square-foot project in Boston’s Kenmore Square area. It would mark the commencement of one of the city’s most significant new developments in years.