The Seaport District is one of the hottest neighborhoods in Boston. Alternatively known as the South Boston Waterfront / Innovation District, and, by its neighbor’s name of Fort Point Channel, it borders the city’s Financial District and the South Boston neighborhood.
Liberty Wharf was recently completed. There are five new restaurants in this one building, alone, including a Jerry Remy’s Sports Bar and Grill and a Legal Seafoods. There are at least a dozen other restaurants and bars within that immediate area.
The Seaport is also home to the Boston Convention and Exhibition Center and three hotels, the Seaport, Renaissance, and Westin hotels.
Residential housing is in limited supply, however. The Park Lane Seaport apartments are a series of mid-rise buildings located across the street from Liberty Wharf. There are a couple hundred units in this building, with prices from the $2,000′s for a studio up to $4,000 and more for two-bedrooms. There is parking on-site and access to the Ted Williams Tunnel, Route 93 and Route 1, and the Silver Line bus line to South Station and to MBTA subway lines.
There is just one condo project in the Seaport District, located off D Street near the Convention Center. You’re best hope is to find something in the Fort Point Channel area, a short walk from the Seaport District. There are condos in historic, brick and beam loft style buildings on Melcher and Summer streets, and newly constructed condos in the Channel Center building, on A Street between the Channel and South Boston.
Several large development projects are on tap for the neighborhood, which will bring a vibrancy to the area 24 hours a day. When these will break ground and how big they will end up being are unknowns, right now.
A (partial) list of proposed developments
Waterside Place: Originally a 1.157 million square foot, 10.3 acre project, the developer is now proposing to build in phases. Phase I is made up of 372,000 square feet with 235 apartments, retail space and an “innovation center”.
Seaport Square: Originally a $3 billion project covering 23 acres of land with 19 new office buildings, hotels and apartments, the first phase of this (3 buildings including two 20-story residential towers) is currently being designed.
Pier 4: There’s been no news in several years on this one million square foot project, consisting of hotel, residential, office, retail and civic uses on approximately 9.5 acres (including about 4 acres of water).
If you’re interested in learning more about the Seaport District and learning about housing options in the neighborhood, please let me know.
Meanwhile, here’s a column I wrote this week for Patch.com about the challenges facing the Seaport District.
If you’re looking for an apartment or condominium home in the hot Fort Point Channel / Innovation District / Seaport District / South Boston Waterfront neighborhood, you have plenty of options, with more coming soon.
The Boston Herald had an article in today’s newspaper about the neighborhood, pointing out many of the options.
They talk about the new Atlantic Wharf apartments. Originally planned as condos, the developer of this new office / residential hybrid chose instead to take advantage of the hot rental market, building 85 “loft-style” units.
Boston Properties has just completed Atlantic Wharf, consisting of residential, restaurant and commercial space between the Rose Fitzgerald Kennedy Greenway and the harbor.
The Lofts at Atlantic consist of 85 luxury rentals priced from $2,200 to $8,000 per month with amenities including a clubroom lounge, a fitness facility and on-site boat slips.
Also in the area are the FP3 condos, priced from the $400,000′s to over a million. Further into the neighborhood is the Park Lane apartment complex, practically at the tip of Boston, facing its Harbor and near the new Liberty Wharf destination spot, complete with restaurants and bars.
There is also a wide selection of already-built condo projects in the neighborhood, including the Channel Center, along with attractive, spacious lofts in the Leather District, near South Station.
And, just a block from Atlantic Wharf are the Residences at the InterContinental and Rowes Wharf.
For more information about rentals and condos in these neighborhoods, send me an email.
Above, artist’s rendering of the lofts at Atlantic Wharf.
As many as 74 new apartments are coming to the hot Fort Point Channel / Innovation District / Seaport District / South Boston Waterfront neighborhood.
The Boston Redevelopment Authority gave approval to a proposal to renovate existing buildings into 74 apartments at 49/51/63 Melcher Street. The development team includes partners Archon Group and Goldman Properties.
The plans for these buildings have been modified over the years. Originally proposed as residential housing, the developers then wanted office buildings, which the neighborhood opposed, in the hopes that the neighborhood would become a “real” neighborhood and not an extension of the financial district.
The current plan is to include both residential and office space in the project.
Unique to this project, 38 units will be market rate and nine considered “affordable-rate”, meaning renters will need to qualify on income. The remaining 27 apartments will be “innovation units”, targeting those people who cannot qualify for the affordable units because they make too much money but do not have the means to pay market-rate. These units will be smaller than the other units in the building and have “flexible layouts”(?) but tenants will have access to shared common areas.
Construction on Phase I may begin this fall.
Goldman Properties has pulled out of a deal to co-develop a high-profiled apartment complex in the up-and-coming Fort Point Channel / Seaport District / Innovation District / South Boston Waterfront neighborhood.
According to the Boston Business Journal, Goldman, which made its name by developing projects in previously-undesirable neighborhoods such as SoHo and Miami Beach, was working with New York City’s Archon Group to build a 21-story apartment building at 319 A Street.
The A Street project is expected to bring as many as 184 rental units and 100 parking spaces to the neighborhood, much of which remains undeveloped land and empty loft buildings.
There are several condo buildings in the area. If you’re interested in seeing some of the properties currently listed for sale, or to learn more, please contact me.
The Boston Redevelopment Authority is advertising an “affordable housing” condo in the Fort Point Place condominium project off of A Street between South Boston and the Fort Point Channel / Seaport neighborhoods.
This is a 781-square foot loft space being listed for $299,900. The condo fee is $187 per month and annual property taxes are $1,200 (with resident exemption).
From the listing:
Fort Point Place Unit #223, 21 Wormwood St, Boston MA. Unbelievable location – 5 minute walk to South Station. Price is $383 per square foot. Low condo fee and low taxes with residential exemption. Gorgeous loft now available at Fort Point Place! Located in the desirable Seaport District, this unit has all the best qualities at an incredible value. This 781 sf home features towering windows, brick and beam detailing, high ceilings, stainless steel appliances, an in-unit washer and dryer, central air, etc. It has even been fully sound proofed to ensure privacy and comfort. Bedroom is not currently divided but could easily be done.
This is a BRA affordable living unit opportunity with income restrictions at time of purchase. Asset, use, and resale restrictions apply. Eligible buyers’ income must fall between $72,000 to $77,100 for single person household & $82,250-$86,600 for 2 person household. This is a first come first serve sale offering.
The property is being listed by its owner.
For more information, visit the open house scheduled for this Saturday, March 19, from 1:00 pm – 4:30 pm.
I cannot provide you any more information because it’s being listed by the owner and I don’t have any way to get involved with the deal, so please contact the owner directly.
If you’re interested in market-priced units in this building, there are currently four units in the $400,000 – $600,000 range and above, Please contact me for more information.
Above, Google Maps image