On October 3rd, 2015 the real estate industry will change dramatically with the new TILA-RESPA Integrated Disclosure Act. The banking industry will be subject to many more disclosure requirements and government regulations, which will alter real estate transactions significantly.
All real estate agents must be prepared for the change. Bushari Group Real Estate has prepared an extensive eBook to share with our colleagues and clients.
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We are very happy to announce that Bushari Group Real Estate has entered the Top Ten Real Estate Firms for residential transaction volume year-to-date in Boston, according to MLS-PIN. Our agents have participated in more than $110 million worth of real estate transactions so far in 2015, with almost $84 million of that in Boston proper. The Boston real estate market is highly competitive and we would like to thank our agents and clients who have helped us become the strong, independent company we are today.
Buying and selling a home can be a difficult process—but it doesn’t have to be. Access to the right tools and information can make for much smoother sailing in Boston the real estate market which is why we release a comprehensive market report after each financial quarter.
Broken down by neighborhood, our reports contain all of the data and statistics you’ll need to make a more informed decision when it comes to your next real estate transaction. Whether you’re curious about the current market value of your home or you’re just curious about the current market conditions in your neighborhood, our report will provide you with a better understanding of local trends and home values.
Our 2015 second quarter market report is now available for download, so go ahead and get your copy today.
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The dog days of August are upon us and, even though Labor Day is just a few weeks away, the summer isn’t quite over. In fact, Boston is experiencing another hot weekend and people all over the city are looking for ways to beat the heat. A little bit of research revealed that there was no comprehensive list of Boston’s residential pools available to the public. So, to make your search a little easier we have compiled The 2015 Bushari Guide – The Residential Pools of Boston, a free ebook now available for download.
Boasting the most comprehensive and up-to-date list of Boston properties where you can live and swim, the book provides full-color photos and descriptions of each pool, as well as the amenities and services available at each. Whether you’re looking to buy or rent a home in the city, our ebook will give you the scoop on the hottest properties to cool off.
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Chef Michael Mina (left) and Sushi Chef Ken Tominaga (right) have Boston buzzing about PABU. Photo courtesy of Millennium Partners.
As the Millennium Tower inches closer to completion with each passing day, more details are beginning to emerge about the businesses set to move in once the building opens next summer and a recent announcement has the Boston restaurant scene buzzing. Millennium Partners, the New York-based developers of the tower, are teaming up with celebrity chef Michael Mina and sushi chef Ken Tominaga to bring an exciting new dining concept to the city. Set to open Fall 2016, PABU is a Japanese-style izakaya that will operate on the first two stories of the Millennium Tower and promises to offer a unique dining experience to Boston foodies.
In Japan, izakayas are typically known as casual, after-work drinking establishments where food is served to accompany the drinks. Encouraging a social atmosphere, a typical izakaya menu is comprised of small plates meant to be shared and ordered continuously throughout the meal. Essentially, izakaya is the Japanese version of Spanish tapas.
Spanning 7,800 square feet, PABU will feature compartmentalized dining spaces, as well as communal tables where patrons may sip sake and socialize. The concept has been very well-received in San Francisco, where PABU consistently ranks among the city’s top restaurants and Mina believes that success will translate nicely to Boston. Like its sister restaurant, PABU (“pub” in Japanese) won’t be limited to small plates as the concept allows for guests to customize their own experiences. Mina also plans to serve a 16-course chef’s tasting menu that will highlight the freshest ingredients available on any given day, with a heavy focus on seafood, which will come from New England’s own waters, as well as the world’s largest fish market—Tokyo’s Tsukiji Market.
Mina is no stranger to working with Millennium Partners; in 2009, the acclaimed chef’s RN74 opened in San Francisco’s Millennium Tower, where he is also a resident. In addition to operating PABU, Mina will also spearhead the residents-only private dining options on the Millennium Tower’s 23,000 square foot Club Level. In addition to the dishes offered at PABU, Mina plans to create an exclusive menu featuring some of the “greatest hits” from his restaurant empire, which currently spans 21 different locations around the world.
Rendering of Seaport Square, courtesy of the Boston Redevelopment Authority
In a city dominated by new developments, South Boston’s $3.5 billion Seaport Square is the largest of them all. Spanning 20 city blocks and 23 acres, construction on the project broke ground in November 2014 but further developments were held up in March due to a potential lawsuit which was dropped last month. No longer under the threat of litigation, Boston Global Investors — who are developing the project along with a group of foreign investors — have recently submitted plans for a $700 million expansion of the project and the new phase of construction could break ground as early as the first quarter of 2016.
The new plans, which are currently under review by the Boston Redevelopment Authority and the Boston Civic Design Commission, call for the addition of three 22-story luxury residential towers and 125,000 square feet of retail space on a 3.5 acre parcel currently utilized for parking. The towers will each rise to approximately 256 feet and will bring around 1150 brand-new residential units to the neighborhood. A three-story underground garage will be constructed beneath the site, which will also feature a 9,000 square foot outdoor plaza. This new green space is intended to be a vibrant gathering place for the community and should play host to a number of events throughout the year. Four pedestrian pathways will form a perimeter around the site, allowing for easy access to the plaza.
The Seaport Square project is currently on track for completion in 2020 and aims to create one of the most modern and pedestrian-friendly neighborhoods in the Boston.
Now you can match your nails to your dog’s pawdicure! The Arlington, Back Bay’s 128-unit luxury apartment building, is ready to give your pet the time of its life. Well known for its lavish amenities, The Arlington is looking to court pet-loving apartment hunters by implementing a wide range of services for their four-legged friends. These services range from the standard walking and grooming to entire dog spa sessions. When asked about their primary motivation for the spa, Arlington leasing representative Erica Maffeo Grilli responded with enthusiasm. “Our residents’ pets are like family members, so having an amenity for them was something we always wanted to do!”
While your dog enjoys its own personal vacation, you can enjoy the spectacular conveniences that The Arlington is famous for. Next to The Boston Garden, their basketball court is one of the nicest in the area. Their state-of-the-art fitness center was called the “Best In Boston” by BostInno news. If you’re just looking to relax, a trip to the private entertainment lounge or game room is always worthwhile.
One Bedrooms starting at $3,800/mo
Two Bedrooms starting at $7,250/mo
Contact Bushari Group Real Estate for more information about Boston luxury apartments.
Surrounded by green space and all of the excitement the South End has to offer, the 39 West Newton building is now on the market.
We are excited to introduce the unique opportunity to own a six-story building in Boston’s popular South End neighborhood. Situated between Blackstone Square and Rutland Haven Gardens, 39 West Newton St. is a spectacular six-story Italianate-style Victorian brownstone—a true Boston classic and the type of property that doesn’t become available very often. The site spans approximately 7,667 square feet and offers prospective buyers one of the best investment opportunities on the market. The building currently holds five separate living units, which are currently leased, but the possibilities for renovation and redevelopment are endless.
For more information, including floor plans and Offering Memorandum, you can visit www.39WestNewton.com.
Address: 39 West Newton St. | South End
Exclusive Listing Agents:
Bonnie Lombardi, REALTOR® (615) 218-1048
Elad Bushari, BROKER, CRS®, ABR®, REALTOR® (615) 218-1048
Image Courtesy of Government Center Garage Development
Boston is said to have two seasons; winter and construction. Now that construction season is in full-bloom, we’re all interested in seeing what’s being built around the city. From luxury high-rise skyscrapers to numerous up-and-coming suburban units, Boston has been the prime location for residential developments. As it can be difficult to keep track of all of these advancements, we’ve included a detailed development map below. This map shows all Boston residential developments under construction, approved and proposed, and completed.
Please contact us today for more information about new construction projects changing the face of the Boston Real Estate market.
Artist rendering of the newly-approved Copley Place Tower, courtesy of the Boston Redevelopment Authority.
The Boston Redevelopment Authority last night approved several projects with the aim of fulfilling Mayor Martin J. Walsh’s plan to greatly expand the city’s housing inventory by 2030. Among the projects approved by the BRA’s Board of Directors was a revised plan for the expansion of Copley Place, which includes a new skyscraper that will deliver 542 new residential units to the heart of the city.
The residential and retail expansion of Copley has been on the table since 2006, but the project has been held back due to various issues, most recently that overhangs from the building were encroaching into “non-approved spaces.” With last night’s approval, however, those issues have been resolved and Simon Property Group, the project’s developer, can move forward with their $500 million construction.
According to the project summary, the forthcoming Copley Place Tower will rise to heights of 569 feet and plans to “successfully meet the needs of Boston and its residents.” Simon Property Group and their development advisers have carefully studied Boston’s evolving housing market.
The developers want to ensure that their project will improve the lives of all Bostonians and not just residents of the tower. Plans call for “carefully executed design strategies” with the goal of improving the location’s overall pedestrian experience and aesthetic. Some of the expected benefits include improved public transit and a reduction in the number of commuters in single-use vehicles, as well as the creation of 1,477 construction jobs and approximately 250 permanent jobs.
The residential tower at Copley Place will follow the likes of the Millennium Tower and One Dalton as the most recent additions to Boston’s quickly transforming skyline.