Earlier this month, the Boston Redevelopment Authority approved $586 million worth of new projects that represent approximately 700 units of new housing for the city. The neighborhoods that will benefit the most from these projects also happen to be some of the city’s hottest for real estate over the past five years.
Greater Boston Neighborhoods
Median Condo Prices 2015 vs. 2010
- East Boston (+281%)
- Dorchester (+172%)
- Allston/Brighton (+141.3%)
With this new round of development, it looks like Boston’s once “up-and-coming” neighborhoods have finally arrived. Let’s take a look at some of the projects we can look forward to.
Images and renderings courtesy of the Boston Redevelopment Authority.
1181 Bennington Street
Orient Heights | East Boston
Approved unanimously by the Orient Heights Neighborhood Council, this four-story apartment building will contain 44 two-bedroom units and will significantly improve the environmental conditions of the two parcel property located near Suffolk Downs.
8 Banton Street
Located in the St. Mark’s neighborhood of Dorchester, this colorful new development is a three-story residential building that will include 18 rental units and some nice amenities, including fitness room, private balconies and bicycle storage.
89 Brighton Avenue
The largest project approved by the BRA this month, 89 Brighton Ave. will add 130 units of housing and 7,500 square feet of retail space to the neighborhood. Eden Properties, the developers on the project, have listened to the community’s feedback and adjusted their original plans to include less studio apartments in favor of housing that is “more conducive to residents putting their roots down.” Additionally, the development will aim to reduce the need for cars by encouraging its residents to use bicycles through several unique initiatives, including on-site bike repair station, covered storage for 140 bicycles and access to loaner bikes.
392-398 Cambridge Street
Legend Development Group will transform a vacant parking lot into a 32-unit building which will include 28 two-bedroom units and four one-bedroom units. Additionally, the project will include over 5,000 square feet of street-level retail space as well as street-level and underground parking.