Oct 2006 30

If I were a developer with lots of money looking for a place to develop on a large scale (not just one small building but more like a complex or whole neighborhood) the first place I would look to is East Boston.  Other than the fact that it hold’s a stigma of a “dirty” part of town, it really does have a lot going for it:

  • Proximity to the city by car
  • MBTA availability
  • Amazing skyline views
  • Underdeveloped land
  • Boat dockage
  • Low prices

They have already started developing the interior of East Boston with projects like 156 Porter and the Paris Flats which have been met with but they had left the most desirable area, the waterfront, fairly untouched. 

That has begun to change.  Maverick Landing is almost completed with consists of 426 units of housing and the East Pier development will include up to 540 condo units and many other amenities.  Developers are also bidding on 3 lots which consist of the former Donald McKay shipyard which could house up to 200 condos and a marina.

For more information on this, read the article titled Sailing ahead on the waterfront – By Matt Viser of the Boston Globe or feel free to contact me!

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