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Boston's Building Boom

Cranes dot the skyline, inventory will increase.

An estimated $6 billion has been invested in construction projects citywide, with another $10 billion in the pipeline.

This sudden surge in development represents a huge change from the situation that existed a few short years ago, when weaker market conditions resulted in the delay or abandonment of planned projects throughout the city.

5000+

New residences expected citywide by 2016

The most prominent addition to the South End landscape is Ink Block, bringing 475 one- to three-bedroom units, plus 80,000 square feet of retail space. Initially slated to be 100% rentals, Ink Block's development team turned one of the four buildings into condos and dubbed it Sepia. Check out the construction cam at www.sepiaboston.com to watch the site take shape!

Additional housing developments will bring both an influx of new neighbors and a dynamic mix of restaurants, retail establishments and amenities to the city.

The impact that this increase in supply will have on Boston's real estate market, particularly on the rental side, is less clear.

Interestingly, more than 80% of the approximately 5,000 anticipated new housing units are designated for renters. This trend will likely curb the sharp increase in rents that tenants have endured over the past four years.

Building Projects Completed in 2013

 

# of Units

Type

Neighborhood

The Kensington

390

Rentals

Downtown Crossing

Millennium Place

256

Condos

Downtown Crossing

315 on A

202

Rentals

Fort Point

381 Congress

44

Rentals

Fort Point

Factory 63

38

Rentals

Fort Point

49 Melcher

23

Rentals

Fort Point

319 A Street

18

Rentals

Fort Point

Waterside Place

236

Rentals

Seaport

West Square

225

Rentals

South Boston

11 West Broadway

50

Rentals

South Boston

637 East First Street

23

Condos

South Boston

The Chevron on Tremont

5

Condos

South End

The Victor

284

Rentals

West End / North End

 

Building Projects Expected in 2014-2016

 

# of Units

Type

Neighborhood

Christian Science Plaza Tower

425

Mixed

Back Bay

77 Exeter Street

188

Rentals

Back Bay

The Arlington

128

Rentals

Back Bay

One Greenway

312

Rentals

Chinatown

Millennium Tower

450

Mixed

Downtown Crossing

45 Stuart Street

404

Rentals

Downtown Crossing

Radian Boston

240

Rentals

Downtown Crossing

Fenway Center

418

Rentals

Fenway

The Viridian

342

Rentals

Fenway

Boylston West

300

Rentals

Fenway

41 Westland Avenue

48

Condos

Fenway

Parcel 9

50

Mixed

Roxbury

Pier 4

369

Rentals

Sea Port

411 D Street

197

Rentals

Sea Port

22 Liberty

118

Condos

Sea Port

2 H Street

127

Rentals

South Boston

345 Harrison Avenue

602

Rentals

South End

Troy Boston (formerly 275 Albany)

400

Rentals

South End

Ink Block

475

Rentals

South End

600 Harrison

160

Rentals

South End

Sepia at Ink Block

83

Condos

South End

The Royal Boston

12

Condos

South End

Nashua Street Residences

503

Rentals

West End

One Canal

320

Rentals

West End / North End

 


Note: This is a partial list. Find complete records at bostonredevelopmentauthority.org or curbed.com.

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