One Kenmore Project well on its way
On August 15th, Meredith Management submitted a Draft Project Impact Report (DPIR) and a Draft Environmental Impact Report (DEIR) for the large-scale Kenmore Square air rights project in the Fenway to the Boston Redevelopment Authority (BRA). The project plans to include 308 housing units, 387,047 sq ft of office space, 92,461 sq ft of retail space and [...]
Plans change for the Prudential Buildings
Boston Properties, the owner of the Prudential Center, filed a Draft Project Impact Report (DPIR) with the Boston Redevelopment Authority (BRA) with reduced heights for the proposed residential tower on Exeter Street and the office space at 888 Boylston Street. The residential tower, to be called Avalon Exeter, will be shortened from 30 stories to [...]
Amazing Price Reduction on Spectacular Back Bay Home
Piece of Boston Real Estate Heaven… The stunning 3+bedroom, 4.5 bath home at 150 Beacon St. #3 in the Back Bay is now priced at $4.9m. The homeowners have reduced the price by $1m since it was originally listed in May. The home features 19th century architecture and modern finishes. Three charming fireplaces dot the [...]
Zero Marlborough Sales Slow as Completion Nears
There will soon be a new par for excellence along the park. Zero Marlborough, one of the city’s poshest new luxury buildings at, you guessed it, Zero Marlborough Street in the Back Bay, is scheduled for a fall completion. Although many units, including the expansive penthouse, went under-agreement in 2007, sales have slowed. There are [...]
Insider Tip: Things to consider when renovating
If you are considering renovating your Boston home, think carefully before you make your final decision. We want to see you make, not lose, money on your next home renovation adventure. Here are a few things to consider before taking the plunge: 1. Do your renovation plans fit with the charm and feel of the [...]
The bank’s attorney does NOT represent you.
Smacking down tens of thousands of hard-earned dollars for a tiny piece of Boston real estate brings some people to rethink their finances. Once buyers realize how much it actually costs to purchase a home…yes, there are actually closing costs…they begin attempting to save money where ever possible. I would like to drive home the [...]
Q2 Home Prices, Sales Continue to Slip – Boston Remains Strong
Sales of existing-home sales, including single-family homes and condos, were at a seasonally adjusted annual rate of 4.91 million units in the second quarter, down 0.8 percent from 4.95 million units in the first quarter and 16.3 percent below the 5.87 million units reported in the second quarter of 2007, according to the latest NAR [...]
NAHB Launches Tax Credit Web Site
The National Association of Home Builders has launched a federal tax credit Web site to help first-time homebuyers understand the tax credit provision of the recently enacted Housing and Economic Recovery Act of 2008. The site is divided into four sections: an overview of the tax credit and eligibility requirements, frequently asked questions, the law’s [...]
International Buyers Still Coming to U.S.
REALTORS® in the U.S. are working with a significant number of international buyers, according to the 2008 NAR Profile of International Home Buying Activity. The study finds that from May 2007 to May 2008, approximately 150,000 to 190,000 homes were sold to foreign buyers. Every state, including the District of Columbia, attracted foreign buyers, with [...]
High gas prices make city living more attractive.
Many suburban buyers think Boston’s price-per-square foot ratios are outrageous. However, snug city-dwellers look at spralling suburbanites as gas-guzzeling time-wasters. Bostonians would rather spend their cash on swanky South End restaurants than burn it on fuel for a 30 minute commute. Smaller digs also cost less to heat and maintain than their McMansion counterparts. As [...]
