For developers and owner-operators throughout New England, adaptive reuse has long proven a cost-effective, sustainable and market-responsive means of generating new housing units, creating successful mixed-use communities and preserving our region’s architectural history.
Overnight, deluxe high-rises like the 60-story One Dalton and its $34 million, 7,500-square-foot penthouse have seemingly become an icon of a soon-to-bygone age.
The developer of a 138-unit luxury condo tower in Boston’s South End says presales activity has been strong ahead of its scheduled completion this fall.
Sales activity at EchelonSeaport could be a good barometer of what to expect in the Boston luxury condo market for 2020: healthy demand for smaller, more efficient units that appeal to buyers in the sub-$1 million range.
As the Fenway, Chinatown and South End continue to face gentrification and housing displacement pressures, contributions from four private developers could deliver more than 700 new income-restricted housing units in coming years.
Sales at the brand-new Pier 4 luxury complex aren’t letting up but already Boston real estate brokerage Advisors Living has landed the contract to exclusively market and sell a new luxury development, this time in the South End.
The first in a trio of buildings in a partnership between The Davis Cos. and two Chinatown community groups is now underway, with nearly 500 affordable and luxury units in the pipeline.
