Nov 2009 17

boston-wharf

This further confirms my belief that the Seaport-Fan Pier is the next up and coming Boston neighborhood.  I estimate that buyers now will see and increase in prices in about 5 years with the development of Fan Pier.

Early this summer I had the privilege of touring Goldman’s Seaport portfolio and let me tell you these buildings are beautiful.  If you love lofts then you will love these buildings.  The portfolio consists of properties on both A Street as well as Necco, Summer and Melcher Street.

Before readers get into a tizzy about the architectural integrity of the neighborhood – the real deal is they would only add a level to the present building, and I highly doubt any eye soars will take over the Seaport.  People love this area for what it is – old, industrial and straight out of a movie (The Departed maybe?).

Interested in investing in the Seaport?  Call me today at 508.930.6232 or email jheller@warrenre.com

From The Boston Globe:

A Boston developer wants to build what would be the tallest building in the Fort Point Channel neighborhood, a 25-story, 232-unit apartment building and parking garage on A Street.

Goldman Properties filed plans yesterday for property currently occupied by a five-story warehouse that contains artist studios. Goldman did not indicate when it intends to begin construction, saying the economic climate must improve first.

The building would include four levels of above-ground parking for 98 cars. The 315,000-square-foot project is a scaled-down version of a previous proposal that called for large additions atop adjacent buildings at 327 and 337 Summer St.

Following negotiations with the Boston Redevelopment Authority, Goldman said it will take one of two steps to help compensate for the project’s height: Build more than the 30 affordable units it would be required to construct under city rules or donate the building at 327 Summer St. for artists displaced by the project.

Goldman also proposes to pay $900,000 to help build more parks and community space in the neighborhood.

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