In a speech this morning, Mayor Menino annouced his plans to again try to sell City Hall and City Hall Plaza to private developers.  The sale of this under-developed land would provide more than enough proceeds to fund the development of a iconic new City Hall on Drydock Four in the new and up-and-coming “Seaport District”.

My Thoughts:  I am almost always a fan of redeveloping under-developed land and completely support this proposal.  What are the drawbacks?  None that I can see.  Developers get a blank canvas to add to Boston’s skyline with more residential and mixed-use properties and the city get’s rid of one of the ugliest buildings ever constructed.  This also should bring some attention to the newly developed “Seaport District” and most likely bring in better public transportation as well.

Eurovest, a local development firm, recently was selected to lead the development of an 11-acre, $500 million dollar project at the Wonderland beachfront area.

According to the Boston Globe, “The $485 million proposal includes 902 market-rate residential condominiums, a hotel, an office building, shops, restaurants and jazz clubs, a 12,000-square foot cultural center, and parks and plazas to connect the train station and Revere Beach. When completed in 2019 , the development would produce an estimated $10.5 million annually in taxes and fees for the city and could lead to the creation of 850 permanent jobs.”

The model of development they will be following is transient oriented similar to that of the Northpoint project in East Cambridge.  What this means is that they will incorporate commercial and residential building centered around public transportation.

My Thoughts: I am excited to see all of this development happening in the Revere Beach area.  It was once a center of entertainment and fun and I think could be again if properly planned.  They are doing the right thing by centering this around public transportation because that is what will make or break this project.  The idea of living on a beach in a brand new luxury condo and being only a short 10-15 minute T ride to downtown should appeal to lots of people.

Source:  Eurovest to lead Wonderland project By Katheleen Conti, Globe Staff

I know its been a while since my last post on here but I do have an excuse…I’ve been really busy!  It seems that people are shopping for more than Playstation 3 and iPods this holiday season, and with good reason.

The period of time between Thanksgiving and New Year’s Day is the best time to buy during the year, no questions asked.  The reason for this is because:

1. Most sellers with homes listed during this season are highly motivated and will entertain more offers

2. Few home buyers are in the market so there is less competition

3. New-construction projects want to get rid of inventory before the end of the year so they offer even better incentives (no condo fees, free parking, paying for closing costs, etc…)

With all of these incentives to buy, I have had a spike in business over the past 30 days or so.  If you would like to see how you can find a good deal this holiday season, please feel free to contact me to speak more about it!