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6/11/2007 Focus on Pre-Construction -- by Dave Costello
Dave Costello, Sales & Development Broker for ERA Boston Real Estate Group
1/19/2007 East Boston Pre-Construction: 175 Orleans -- by Dave Costello
2/2/2006 East Boston Waterfront Primed for Three Major Developments -- by Dave Costello
9/15/2005 East Boston Pre-Construction: Hodge Boiler Works -- by Dave Costello Hodge Boiler Works Could Be Next to Break Ground on the East Boston Waterfront.
5/19/2005 Clippership Wharf -- by Dave Costello Clippership Wharf, located at 25 & 65 Lewis Street in East Boston, is a pre-construction project with 400 condos and retail space on 13 acres of waterfront. Clippership Wharf will boast more than 775,000 square feet of space and be joined, via the Harborwalk, to other new construction projects like Hodge Boiler Works and Portside at Pier One. Clippership will follow the East Boston Municipal Harbor Plan -- meaning it will be set back on the lot to allow a "green ribbon" of parkland between the building and the Harbor. Developers Roger Cassin and Arthur Winn describe the project style as urban chic and artist friendly with unobstructed views of the Harbor and Financial District. Already board approved by the Boston Redevelopment Authority, construction on Clippership Wharf will be underway in the near future and the condos should be available for reservation in the next 3-4 months. For more information on Clippership Wharf, please contact Dave Costello at dcostello@bostonrealestate.net.
5/3/2005 East Boston becoming the hottest market for real estate investment in Boston -- by Dave Costello
East Boston is quickly becoming the hottest market for real estate investment in Boston. With the wildly successful Porter 156 nearly sold out, and other projects like Clippership Wharf and Portside at Pier One slated to begin construction in the next year or two, investors are clamoring to get in on the action at pre-construction prices.
2/28/2005 Beacon Hill, MA Real Estate Sales Results and Trends. February, 2005 results -- by Brian Rugg
Unit sales on Beacon Hill for the month were just 7 vs. 17 a year ago, a 59% decline. There was also a decline in the average sale price, down 10% from $603.1m to $545.0m per sale. However, the median price per sq. ft. and the average price per sq ft. continued to rise by 21% and 18% respectively. The trend identified last month of Beacon Hill median price pre foot moving ahead of Back Bay has continued for another month. Beacon Hill had $708/ft and Back Bay was $664/ft.
2/28/2005 South End, MA Real Estate Sales Results and Trends. February, 2005 -- by Brian Rugg
Despite being off to the slowest start in the past five years (see Rugg Report Jan 05), February unit sales in the South End eked out a 3% increase over last years’ record setting performance. Not only were the unit sales up, but prices were up as well. Median sales price for the month increased $205m per sale, a 51% jump. The median price per sq ft also increased by $63.5/sq ft to $584/sq ft, a12% over previous year. All of these increases combined to push sales for the month to a 41% increase over Feb-04.
2/28/2005 Back Bay, MA Real Estate Sales Results and Trends. February, 2005 -- by Brian Rugg
Total units sold in Back Bay were up 23% over one year ago. The average sale value also increased more that $173 thousand dollars to $873m, a 25% increase and the average price per sq ft kept pace with a 15% increase to $691/sq ft. The median price/sq ft had an increase of $114 over last February to $664/sq.ft, a 20% jump.
1/5/2005 South End, Boston, MA real estate sales results and trends. January, 2005 results -- by Brian Rugg
The South End is off to its slowest starts in the past five years. Property sales of just 35 units is 44% behind last year’s near record pace of 62 units. However, the average sale increased by $40m to$499, a 9% increase. The median price per square foot also increased to $560, 18% higher than just one year ago. Despite the increases in average sales and median price, they could not make up the shortfall in units sold resulting absolute sales of $17.5 million a 39% decline vs. 2004.
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