Spring Has Sprung, in Real Estate at Least
Many real estate developers are optimistic about Boston’s market — I like that! Several significant buildings have been approved for years, but are just now breaking ground. Here are a few big projects to keep your eyes (and ears) out for:
Hayward Place. The proposed project (across the street from the Ritz-Carlton, where that ugly parking lot is located) calls for a 14-story mixed-use building with 188 residential units, approximately 19,000 square feet of retail and up to 271 underground parking spaces.
5-10 St. George Street in the South End (the building known as “Jesus Saves” across from the Franklin & Blackstone squares). This project will include 33 residential units and approximately 22 underground parking spaces. The top front-facing units will have amazing Back Bay views.
Eleven West Broadway in South Boston/Seaport neighborhood. This building includes 50 residential rental units and approximately 8,000 square feet of ground retail floor.
The Parcel 7 Fenway Center. Now this is a huge one. The proposal calls for four buildings, plus parking, to be built over the Mass Pike: a 7-story residential building; a 10-story office; a 22-story mixed-use residential and office space; another 7-story residential area; and a 780-space parking lot. The Parcel 7 Fenway Center will have a grand total of 330 residential units.
199 W. Brookline Street in the South End (the old Concord Baptist Church). It will include 9 residential units and approximately 21 below-grade parking spaces. The penthouse is already listed for over $6 million — if anybody wants to buy it, let me know.